After years of poor decisions and some bad luck I have finally rid myself of all of my credit card debt. I didn't keep the record of exactly how much I started off with but I did track the balance monthly. My utilization was about 75% and I had way over estimated my ability to pay them down quickly.
One thing that really helped was a temporary increase in income for a year, but I also got rid of an extra vehicle payment after getting divorced. Having extra money helps, clearly, but I was sure to keep close track of if and pay my bills and debt as soon as I got paid.
My next short term goal is paying off my vehicle and an achievable long term goal is to pay off a mortgage in seven years.
I mainly wanted to share how happy I am but I was wondering if I should deactivate a card or two? I have a $35k limit but my understanding is a higher limit helps the credit score.
Submitted June 01, 2017 at 04:36PM by LargeMonty http://ift.tt/2rYR3x0
