I so seldom post here that I'm sure very few of you even "know" me, but I still come here almost every day to read about all of you! I just thought I should write a quick update post since I just updated my credit card payoff balance on the sidebar ... which, I am thrilled to say, I've whittled down by almost 60% over the past three years! I have read many stories of folks who have paid down debt much quicker, but I think I've done pretty good for a single mom of two ... and reading the blogs here on Saving Advice has made a big difference! I look at money so much differently now than I used to, think about my purchases more before I make them, and definitely do not buy all the STUFF that I used to buy. It is true ... people really CAN change!!
One thing I am doing now is trying to improve my credit score. I am down to two credit cards that I am still working to pay off completely (I started with eight). I recently paid off a card with a credit line of $500, and I am using it to pay for my gasoline each time I fill up and then paying it off in full every month. I am hoping that by doing this I will be able to improve my credit score somewhat. I checked my score this month on all three agencies:
Experian: 660
Equifax: 638
TransUnion: 650
I know my score now is only considered to be "fair," and I would really like to get it to at least "good" someday! So I am working towards that now. I know I have my score from back when I started on this journey a few years ago, but I can't find it at this moment ... it would really be interesting to see how it's increased since that time!
I filed Chapter 7 bankruptcy in October 2005, and I know that things will look up after that drops off my record, but I can't remember when that will happen ... 7 years or 10 years? Anyway, between having that huge blemish disappear and paying off my debt, I know my score will eventually go up; but I also have to use a card for something and PAY IT OFF (what a concept)! 
Anyway, that's where I am at today! To use a favorite phrase of Thrifty Ray's ... LIFE IS GOOD!!
Still Plugging Away ...
February 26th, 2011 at 07:22 pm
February 26th, 2011 at 07:48 pm
I am now working towards filling the gaps in my resume and hoping to land a really great job with benefits and a 401K, so that I may have some retirement in the next 15 to 20 years.
Good Luck on your journey and you should blog more often. I love hearing how you are doing.
February 26th, 2011 at 08:13 pm
February 26th, 2011 at 08:50 pm
February 26th, 2011 at 10:08 pm
February 27th, 2011 at 02:12 pm
March 11th, 2011 at 10:17 pm
Jerry