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DueMinder.com

Sixty To Zero

My journey to pay off $60,000 of debt in 3 years

Tag >> current debt
Jul 16

Credit Card Debt - June, 2009

Published in current debt by kvan | Comment (0)

This month, I was unable to achieve my full commitment of $1500 towards reducing debt.  I achieved just less than half of that.  The biggest factor was the purchase of a used car, which we needed now with 5 working drivers at home and only 3 cars.

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May 01

Credit Card Debt - April, 2009

Published in current debt by kvan | Comment (0)

Here's my credit card debt summary for the month:

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Oct 31

Credit Card Debt - Oct 2008

Published in rehabreal estatecurrent debtcommitment by kvan | Comment (0)

The chart below shows my credit card debt starting in January, 2008, and running through October, 2008. As I've mentioned elsewhere, I invested in a real-estate rehab, which spiked my total credit card debt to $63,000 in February.  I got the house rented out in May, and since then, I've worked down the total to debt as shown in the chart below: 

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My Debt

Current Debt: $36,242.95
Starting Debt:$63,311.34
Monthly Commitment: $1,500
Average Rate: 3.72%
Payment Efficiency: 92.35%
Payoff Date: Dec-2011 -2y 2m

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