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A Minor Debt Update to Report and a Decision is Made

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I paid a few more minimum payments on my credit cards yesterday, so that brings my credit card debt total to $26,664. There will be a bigger update by the end of the month, because I made an important decision yesterday.

I have been setting money aside for some home repair and I haven’t been having much luck in getting someone to do it. I am going to dip a little bit into that fund and pay off Credit Card #6. CC#6 was the one that was charging me finance charges and I didn’t catch it for a while because I wasn’t paying enough attention to my statements.

Since the terms that ended up being with the card were different then the sales lady told me, I was feeling pretty tricked. To add to that, I received new terms of agreement for that card. The change was not good.

I’ve thought it over, and I feel like I am holding a ticking time bomb with that credit card. I’m worried it is going to explode even more finance charges on me. I do not like this feeling, and I’ve never felt it before with any of my cards. I just want it to go away, and the only way to do that is to pay it off. I have the money, although some of it is for something else. I just feel so strongly about getting rid of that card that I’m willing to put off our home repair for a while longer.

Sometimes, I think you just have to follow what your gut is telling you. And my gut is telling me that CC#6 is bad news.

Friday’s Blog…er…Blogs to Highlight

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I cruised around and visited some of the other debt bloggers on my blogroll and I see that a couple of them are having some rough times lately. Being in debt certainly is not an easy thing.

So, today I decided to highlight those blogs:

Bringing Down the Debt

Sparing Change

Stop by if you can, browse around their blogs and perhaps offer a few words of encouragement.