I am playing a waiting game right now, so there is not much for me to report. Been busy as well, which is good.
As I posted before, I am working on another investment and bringing my networth up a bit. I am actually using these investments to help me pay down my debt, [...]
There’s a flood of foreclosures coming — about 1.1 million!
According to the article:
You have a 1-in-3 chance of losing your house to foreclosure if you got an adjustable-rate mortgage, or ARM, in 2004 through 2006 that had an initial teaser rate of less than 4%.
If you got a subprime ARM in that period, you started [...]
I have to alter my plans for this month as I will be using some money to invest. The money that I make from the investment will help me a lot more in the next few months than just dumping it all into my credit card. So I will not be making a payment in the [...]
Some good news.
The $1,500 I wrote about left my 28% credit card and headed over to the one with the 9.25% interest rate and I still have not made this month’s payment, which should be $600. Yeehaw!
Can you tell I’m excited?
My First Command Bank credit card does not apply a higher interest rate to cash [...]
I joined the No Credit Needed Network and now have a pie chart updating my debt reduction progress. Although, as you will see when you visit the link you will not see a pie chart just yet, you will when I submit my first update.
The No Credit Needed Network is a network of like-minded people [...]
This post actually started as a comment at Credit Card Lowdown’s recent post on How Credit Card Rate Jacks Actually Work.
I understand that not all of the banks offering credit cards are evil. But the majority are. They are worst than thieves.
I carry two credit cards with insane interest rates and all because of the [...]
I have been debating whether to post my networth or not. My intention was always to just write about and track my credit card debt.
I have been reading debt blogs for the past month and I have seen many debt blog owners post their networth on their blogs and even use services like NetworthIQ. Tricia [...]
The only debt I currently have is spread among three credit cards. Two have high interest rates (24% and 28%) and one is below the average interest rate at 9.25% (not great but I would not consider it a high rate).
The high interest rate credit cards did not start at the rate they are currently [...]
