Yinny
Sweet and Sour Patch Mom
I’ve been debt free for about the past five months except for revolving, my charge card added the Pay Over Time option and increased my “limit.”
Get out of debt brehs
- Thread starter newarkhiphop
- Start date
Officially paid off my student loans
Sorry Bernie bros, about to be on my Republican shyt now
nikkas who pay for shyt hate when others are trying to get it for free. I feel you thought
My car debt is $8100 at 2.99% APR. Payments are $163 for the next 4.5 years. I'm gonna let it ride out a while if not the whole 5 year term. Every paycheck I take $82 and place it into the account that direct pays my payment and take another $82 and put it in a high yield savings account. In a year I'll have made $2050 in payments and have $2050 sitting in that bank account. In about 2 years I'll have enough in payments and in cash to wipe out the debt completely.
I switched to Visible Wireless and lowered my cell phone bill from $60 a month to $25. It's a Verizon owned MVNO that only works on Verizon 4G LTE. I've gotten all my recurring monthly expenses down to about $860 a month. That includes rent (water is in this), gym, cell phone, car, power & gas, streaming & entertainment. If I add food and other dumb unimportant BS I can live off about $1300 a month......such a glorious feeling to not have a car note or credit card payment. Bout to switch to tmobile myself to lower my bill.
You could pay a double car payment, which you're essentially doing and pay it off in about the same time and pay less interest overall. If that second payment goes straight to principal, that's less interest accruing on the loan each month. The way you're doing it, you're paying more interest than you'd be accruing, unless that savings account already has a lot of money in it.
debit free + 6 months emergency fund = alot less stress during this pandemic
Congrats To The Brehs Who Stuck In A Became Debt Free, Stay That Way It’ll Change Your Life
Like @newarkhiphop Said, Get Those Emergency Funds Up, Let It Sit Somewhere You Have Easy Access To It, Don’t Worry Too Much About It Accumulating Interest, Invest And Gain With Other Funds
Like @newarkhiphop Said, Get Those Emergency Funds Up, Let It Sit Somewhere You Have Easy Access To It, Don’t Worry Too Much About It Accumulating Interest, Invest And Gain With Other Funds
spencerforhire
All Star
Don't fall into the credit card churning mentality, that shyt is a trap.
My savings have been blessed this year, I ain’t never have this much at one time before
working on increasing my second emergency fund and eliminating my next CC, which is my Macy’s Credit card
Brandsdale
Big Yella
once theres only 1 credit card to pay off thats when the party starts
i gotta wait until October to have one of my cards paid off tho
Why you gotta wait?once theres only 1 credit card to pay off thats when the party starts
i gotta wait until October to have one of my cards paid off tho
I also have 3 cards with Chase that them bytches closed I'm still paying, They're not currently counting against my score but I do want to reopen them. Not sure if I pay off my last active card and my score shoots back up to a 740 if Chase will reopen my shyt or if I need to pays theirs off too.
Brandsdale
Big Yella
paying off both cards at the same time but 1 has a smaller debt than the other
work on the closed cards for the time being cause that can still raise your score but if they're closed, you're most likely directing your payment to an agency which can be a pain in the ass
I have 2 cards that are closed (1 that went to collections before i started paying
) but while i paid them monthly, my score went up VERY SLIGHTLY almost every other month. At the time i was only paying those cards, overdraft payment from my bank, and a phone bill so my score kept going down and up incrementallyI live in an apartment now but with the progress ive made and my financial plan, ive went up back to the 600s and still rising since i got this new slimited ass capital one card with $300 max on it
Once i put my insurance payments back on, that score better jump like fukkin MJ
Y’all ever pay a credit card bill so long that you don't even care to look at what the outstanding balance is?
Last edited:
I've built up about $2000 in credit card debt. I'm paying it back down $250 a month now but I kept piling it up on a 0% card. I've also got another $1000 in debt on a new card but I have to pay all of that when the bill is due in June after it post in early May.
I been on eBay selling stuff like mad to build up enough to take a chunk out of both. It doesn't help that I just bought a $450 router. Still I gotta get that new card to $1500 to get the $150 cash back. I've sold about $300 worth of wireless routers I had so the $450 is really like $150 out of pocket. I know I don't need it but every 3 years I dump my router and upgrade and this time it was the best dual band WiFi 6 router available.