We got the debt consolidation loan we applied for. The money will be deposited into our account in 7 to 10 business days. We got the lowest interest rate they offered, 8.99%. Monthly payments will be $937. We can pay extra whenever we want to with no penalty, but only the $937 will be automatically deducted each month. Turns out the lowest term they would give on this one was 72 months instead of 60. But since we can pay extra that's not a problem.

We won't have to make any payments for about two months, so I am going to take all that money and put it on what is left of the credit card debt, which should be about $3000.00. Should be able to have that last card gone by end of November, then all we have to worry about is the paying down the loan as fast as we can. It will be very nice to wave bye-bye to the higher interest rates once and for all. 16% was not helping at all.

If I wait to start the new car fund, I will have it paid off by the end of October. Hmm. I'll have to think on that one. Our cars are getting quite old at 15 years and 11 years old. But neither has hit 150,000 miles yet. Still, they both need repairs, the 11 year old one much more so than the 15 year old one. So who knows? Oh, well, I'll get it figured out.

I'm still walking on the railroad tracks and the light is still pretty bright but at least I'm out of the tunnel.