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I Transferred the Wrong Balance!!

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I can’t believe it. When I transferred the balance for my one card I also decided to transfer some money to another card. Well, I screwed up the transfer on the one card! I can’t believe I did it – I sent the balance transfer to my card that was already at a zero balance for the life of the transfer!

AHHHHH!!!

So, instead of being at zero percent – it is at 5.9%. As Homer Simpson would say….. DOH!

Not only that, but there is a huge credit on that card now. This has really put a little crimp in my plan to rid my debt. I have to go back to the drawing board and figure out what do to now. This weekend I will be posting my game plan.

It’s a setback – but with determination it can be overcome πŸ™‚

Technorati Tags: balance+transfer, credit+card, debt

Credit Card #5 Almost Paid Off!

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I checked and yesterday my balance transfer hit Credit Card #5 (which, I just remembered I have to get my list of debt back up – that’s coming soon!). Probably this weekend I will sit down and pay the final amount due (around $30.00). Then, one of my credit cards will be paid off!

I am excited to get to that step. Most of it was due to a balance transfer, but it’s still a step in the right direction πŸ™‚

Now – any guesses on when my credit limit will increase on that card now that I will be paying it off completely? And this is the card that would not give me an emergency increase (the limit is $1,000) when we needed money badly. My guess is that by April 30 they will raise my limit πŸ˜‰

Technorati Tags: credit+card, debt

Calling Credit Card Companies to Reverse Charges

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A visitor to my blog yesterday brought up a VERY good point. If you do get a late fee or another charge from your credit cards – do try calling.

In my anger at that card company, I did the next best thing…I used one of my other cards to transfer the balance over! That transfer should be completed within the next few days.

I’m not going to cancel the card though – because that’s what they want me to do. The transcript to the conversation I had with them before is here. They were quite willing to let me go.

So, I am going to keep the card. I’m still debating whether to freeze it or just make minor purchases and pay it off right away. They are not getting a penny more from me in finance charges πŸ˜‰

Technorati Tags: creditcredit+cards

My First Credit Card Late Fee in Years

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One day late. That’s all, just one day late and my credit card with the lowest balance whopped me with a $29.00 late fee.

True, it is my fault it was late – but it was one day! Ugh, all I could do was kick myself. That was $29.00 that could have been used for something else. To top it off – they raised my interest rate by almost 2%! As if the $29.00 wasn’t enough πŸ™

I could sit here and write a million excuses why it was late but I won’t because I have to take full accountability for what happened. That sounds so extreme as I write it, but it’s true. When you want something so bad, you have to keep focused and learn from your mistakes.

And learn I did. All of my credit cards now have the ability to schedule payments ahead of time online. And that day – I scheduled ALL of my payments for the month. That is what I am going to do from now on.

Oh – and I am even more pumped to kiss that credit card goodbye! πŸ˜‰

Technorati Tags: credit+card, debt

My February Net Worth!

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Drumroll please……..here it is, my February net worth:

$-51,900
January net worth: $-52,200.

My net worth increased by $300!!! It may not seem like much, but it is a start! I thought for sure I was going down, but I didn’t and I am VERY happy!!

There is a neat website to go to where you can keep track of your net worth, and look at the net worth of others: http://www.networthiq.com. That’s where I am listed, and here is a link to my profile.

Technorati Tags: net+worth

I am BACK!! Woohooo!!

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It’s taken some time to transfer everything over – but I believe I have all my posts back over here. Unfortunately, I do not have my comments. I apologize to everyone who has left a comment. Please know that I still will keep your links in place. I am still working on getting those up and running.

Blogger is currently having technical difficulties and it is affecting my blog. I cannot always publish things or update my template. So I am having troubles getting the links added. They will be up as soon as I can get them up.

In the meantime, I will try posting – but I am not sure it will always work. Please bear with me as Blogger fixes this problem.

Thanks for stopping by!

-Tricia


Refinancing Your Auto Loan

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My current vehicle was purchased new with a 10.9% interest rate. We may have been able to negotiate a lower rate at the time of purchase, but it was just a horrible day (it was 9/11/01) and we just wanted to go home and get the car purchase over with (we had to have a car because our other vehicle wasn’t working right – and we traded it in). So, we lived with that interest rate.

About two years into the loan, I learned that you could refinance your auto loans. I thought that was a great idea and it would help to negotiate a lower interest rate and receive a lower monthly payment. I cannot remember what company we tried, but we were denied. They said we had too much debt and were too much of a risk.

After getting turned down, I too easily gave up and didn’t try another company (which I realize now was a mistake on my part). I also should have tried going to a bank and seeing if they had a loan with a lower interest rate.

I am happy to report that our vehicle will be paid off in September of this year, and as it stands right now, our vehicle is still worth $6,000. That is a little less than half of the price we paid for the car, so I believe our car has held up in value quite a bit. I want to have a little party when our car is paid off. It will actually be ours and not the banks!

Technorati Tags: auto+loan, refinancing