I live, write, and garden in the PNW with my husband of 27 years, disabled daughter, college-aged son, and my 84-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!I sent off the payment to my MBNA master card of $1200. This should bring the balance down to right around $5300. I am hoping to have this paid off by the end of April. It has the highest interest rate and lowest balance. I like it when it matches up that way, as it means I can get rid of the smallest balance first without feeling like I should be paying the higher rate cards first. It seems more motivational to know I can pay this off in a few months than it does to think of how much longer it would take to pay off one of the higher balance cards.
I need to find out about transferring the balance to a lower rate card. Originally the interest on this one was 6.9 percent for the last year, but now its jumped up to 22% and that is not acceptable to me. Maybe it won't matter that much if I can't if I can pay it off in 5 months, but it is the principle of the thing.
Big Payment to MC #2
November 22nd, 2006 at 08:54 pm
November 22nd, 2006 at 09:04 pm 1164229463
November 22nd, 2006 at 10:04 pm 1164233088
I have one of those MBNA cards as well. No balance carried. Not ever.
The only reason I keep it is the age of the account, 35 years.
November 22nd, 2006 at 10:45 pm 1164235529