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  1. 03-05-2011, 10:56 AM #1
    Lady_V
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    Cool Almost Unofficially Debt-Free!

    Almost -- because we will pay off the credit union for OldMan's car on Thursday when he walks in with $8400 in cash! NO MORE 11.99% Interest!!!! We couldn't pay principal only payments, so it didn't matter how much we threw at it or how often... the balance barely moved.

    Unofficially - because I pulled $8400 from the HELOC at 2.99%.

    I already have $1000 sitting in the bank waiting to go towards the debt on Monday. It was originally going to go to the CU, but.. WHY when I can pay a much lower rate with the HELOC.

    So... get those poodle skirts ready because we're ALMOST THERE!
    I can't be out of money... I still have checks left!

    Momma to the Diva
    Old Lady to the Old Man
    My Blog: http://more-than-bonbons.blogspot.com

    BS1: DONE BS2: DONE BS3: working on it BS4 :eventually (at 3% now) BS5: DONE BS6: DONE BS7: someday
    OMG, we're going on our first cruise together??? 2 July 12
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  2. 03-05-2011, 12:55 PM #2
    OOwl
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    Congratulations on that condition! Sounds vastly better off than where you were on that interest rate. Happy for you!
    Totally debt free since January 2011.
    Fully funded Emergency Fund complete December 12, 2011! Yeah!
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  3. 03-05-2011, 01:05 PM #3
    madhen
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    2.99 vs 11.99%?? I'll take it!! Sounds like smart financial sense to me!
    DH aka Mad Hen
    (http://mad-hen-creations.blogspot.com/)

    June no-spend: 0/15 June wasted money: $0 June grocery: $0/400
    2012 LAPAW: 8.8/20 2012 Get-Thee-To-The-Gym Challenge: 7/52
    : 1136/66,795 Run/walk challenge: 91/520 miles
    Total debt (with mortgage, HELOC, and 1 cc): Jan 2012: $285,105 (Jan 2011: $292,750) (2911 days until retirement)

    Live as if you were to die tomorrow. Learn as if you were to live forever. Mahatma Gandhi
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  4. 03-05-2011, 09:11 PM #4
    Palooka
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    How exciting!
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  5. 03-06-2011, 08:01 AM #5
    MsMarieH
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    That's wonderful!
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  6. 03-06-2011, 10:14 PM #6
    cottageliving
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    Smart thinking! you are almost there, and it will go quicker at such a low interest rate!
    Jen



    30 yr old DD
    3 kitties (2 adopted from my daughter)


    As of January 1, 2011------------------------ Updated June 10, 2011
    Short term goals:
    - $2,000: to set up my consulting business. DONE! INVESTED ANOTHER $5000!
    - $4,000: down payment gift to daughter to bring her down payment on a house to 20% and avoid PMI. ON HOLD.... her offer wasn't accepted...
    - $1,500: pay off Student loan ALMOST THERE!
    - $1,200: pay off credit card (was disputing with creditor (ALL PREDATORY FEES charged on ZERO BALANCE), but I'm giving up the fight to make this go away...) PUT OFF till June/July
    - $11,600: Pay off Cornerstone car loan by end of May 2011 DONE
    - Complete tax returns by February 15th DONE




    Long term goals:
    Continue to follow a modified Dave Ramsey plan to pay off debt. Progress has been made, but there is much to do...
    Balances January 1, 2011 -----------------June 10, 2011
    Citimortgage on home: $104,500-------- $102,775
    BofA Mtg on Rental: $27,000------------ $26,000(Est)
    HSBC Equity Line on Rental: $11,900------ $9,902
    Citibank car loan: $13,830 -------------- $11,663
    Cornerstone car loan: $11,600------- PAID OFF!!
    Student Loan: $1,500------------------ $320
    Credit card: $1,200-------------------- $1,200
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  7. 03-06-2011, 10:21 PM #7
    NikoSan999
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    Doing the happy dance for you! Makes sense to me.
    Bank of America is THE godfather of Hell with Wells Fargo running neck and neck. When the world ends the only things that will be left are cockroaches, Walmart, Wells Fargo and Bank of America. Not necessarily in that order. The order remains to be seen.

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  8. 03-10-2011, 03:10 PM #8
    Sassyclass
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    Congrats on being debt-free, unofficially.

    Cat
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