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To: madison10
$2500 on the credit card

Dang. That's nasty stuff at what - around 20% interest? Gotta get rid of that - maybe first.

27 posted on 06/01/2011 7:21:40 PM PDT by Libloather (The epitome of civility.)
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To: Libloather
Dang. That's nasty stuff at what - around 20% interest? Gotta get rid of that - maybe first.

10% interest. Working on it.

Been pondering a question, maybe someone could help...would it be better to take money from savings in to pay the card off in hopes of replenishing savings, or should we just keep plugging away at the credit card?

36 posted on 06/01/2011 7:29:01 PM PDT by madison10
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To: Libloather
Dang. That's nasty stuff at what - around 20% interest? Gotta get rid of that - maybe first.

That's what I did. I had a small/moderate CC balance at 14% interest. I borrowed from my Credit Union at 6.95% and have paid off more in a month than I would have in a year making payments to the CC company. My normal practice was to pay off my balance every month but we had a medical emergency and I wasn't able to do that. It didn't take me long to figure out that I would never get it paid off if I didn't do something else. :-)

187 posted on 06/02/2011 1:28:17 AM PDT by Melinda in TN (My goal in life is to be the person my dog thinks I am.)
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