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Still Plugging Away ...

February 26th, 2011 at 11:22 am

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)! Smile

Anyway, that's where I am at today! To use a favorite phrase of Thrifty Ray's ... LIFE IS GOOD!!

6 Responses to “Still Plugging Away ...”

  1. CampFrugal Says:

    I think you have done and awesome job in paying down your debt. I am the same age as you and have three kids (ages 25, 19 and 16)and I still have $12,500 in debt, hoping to have it all paid off within the next 2 1/2 years or so.

    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.

  2. NJDebbie Says:

    I agree with Campfrugal that you've done a wonderful job at paying down your ccs! Keep up the good work!

  3. Ima saver Says:

    Congradulations on doing a real good job!

  4. LittleGopher Says:

    Great job with all that you've paid off!

  5. CB in the City Says:

    I'm also the single mother of two, though mine are now grown with families of their own. I got pretty far into debt while I was raising them, but have become debt-free. It can be done!

  6. Jerry Says:

    It is inspiring to see people like you making progress on debt and how it leads to success over time. It really does offer some insurance that people are able to follow your example... keep it up!
    Jerry

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