March 2010 Getting Out of Credit Card Debt Update

I didn’t pay as much on my credit cards this month. With taxes due in April, I thought I’d play it safe and not pay off as much debt. I plan on doing my taxes next week and if the hit isn’t as severe as I’m thinking it will be then I’ll go ahead and make additional payments.

I’d like to be able to make an additional $400 payment this month.  $400 will put my credit card debt under $15K which will be fabulous.  Even if I don’t make the additional payment I did reach another wonderful milestone.  In case you didn’t notice my Citibank credit card balance is now under $13,000!  :-D

As I have mentioned in previous “Getting Out of Credit Card Debt” updates, my low interest transfer with Citibank will be expiring in the next few months.  I need to find another transfer offer and do it ASAP.

A journey of 1000 miles begins with a single step.
Take a step to get out of credit card debt today.

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Credit Card Update Feb 2010Here’s my new update for Feburary.  Like I mentioned in my previous post, I paid an additional $250.oo so I could get the balance down into the $16,000’s. :D

I logged into mint.com to see if the payment had cleared and got a disturbing alert.  Citibank has raised my APR to 22.99%.  I’m sure this has something to do with the fact that my transfer rate of 4.99% or whatever it was is going to expire either in May, June, or July, I don’t really remember.  You’d think I’d be able to remember something like this.

I’m going to be watching for balance transfer offers in the mail from Chase.  I got one recently but was thinking I’d just stick it out with Citibank since my APR was only 16.99% but this new APR of 22.99% means I will definitely be looking for a decent transfer offer.  I don’t understand how Citibank can raise my rate giving I’ve paid my bill on time for well over two years.  Also since paying down my credit cards I’m now using less than 26% of my total available credit on all the cards combined (including cards not listed here which I do not use and one which I pay off every month that is used for business expenses), if anything I would think this would result in Citibank lowering my APR.

Sadly the real answer here is credit card companies can do
whatever they want – whenever they want. 
What other company can operate like this, changing the rules as they go?

A journey of 1000 miles begins with a single step.
Take a step to get out of credit card debt today.

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Getting Out of Credit Card Debt – February Update!

Another month has flown by.  Here’s my new credit card update.  I’ll have another update in a few days because I ended up making another $250 payment to Citibank this morning which will put my credit card debt at $16,924!   This payment will take a few days to show up on mint.com which [...]

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Getting Out of Credit Card Debt – January Update!

I just finished making my January 2010, credit card payments. Again I decided to pay as much as possible. I’m now down to owing $17,662.13 on two credit cards. This month I’m paying off credit card debt in the amount of $1,831. I will continue to pay as much as [...]

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Paying Off Credit Card Debt – Big Update

Getting Out of Credit Card Debt Update
I just made a $8,000 payment on my Citibank Card!
My husband has basically worked all summer as a consultant and has worked all of November too so I feel comfortable letting go of some of the money we have managed to save.
My credit card debt now stands at under [...]

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Two Years Trying To Get Out of Credit Card Debt

This is really hard for me to believe, February will be the two year anniversary of me trying to get out of credit card debt. I’ve come a long ways, had a more than a few set backs but overall I think I’ve done a great job getting out of credit card debt. [...]

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Credit Card Debt Update For November 09

Here’s my latest getting out of credit card debt update.  I’m now down to owing $28,881.07 on the credit cards!  Woo hoo!  My next big goal to cross is getting under $25,000, I can’t wait!
I have something pretty exciting to report.  I recently received my property tax bill from the county and for the first [...]

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Credit Card Debt Under $30,000!

Check out that credit card snapshot ——>>>>>>>
I’m now back in the $20,000’s! I’m kicking ass on paying off credit card debt!
Knowing I was so close to being back in the $20,000’s was driving me nuts so I went ahead and made the decision to pay off credit cards an additional $700+ this month.
Notice how I [...]

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Paying Off Credit Card Debt – Almost There!

Check out my credit card balance!  I decided to pay off more than normal this month and paid off a total of $1,500 of credit card debt yesterday.  These payments are for the statement I just received so this is actually my balance for October.  Who would have ever thought I’d actually be excited about [...]

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August 09 Credit Card Balance

I’m still headed in the right direction and paying off credit card debt.  I’ve managed to knock some more off my balance.  I’m getting really close to getting back into the $20,000’s and finally kissing the $30,000’s good bye forever!  At this rate I figure I’ll be in the $20’s at the end of November!
Here’s [...]

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