It’s that time again. Time for another debt update. Here you go:
|Place||Current Balance||APR||Last Payment Made||Last Payment Date||Original debt, March 2014|
|Capital One CC||-||17.9%||-||Paid off in March 2014||$413|
|Mattress Firm||-||0%||-||Paid off in May 2014||$1381|
|Wells Fargo CC||-||13.65%||-||Paid off in May 2014||$7697|
|BoA CC||-||7.24%||-||Paid off in June 2014||$2220|
|License Fees||-||2.5%||-||Paid off in April 2015||$5808|
|Navient - Federal Student Loan||$3983||8.25%||$116||May||$4687|
|ACS Student Loans||$21040||7.24%||$77||April||$21035|
|Navient - Dept of Education student loans||$66543||6.55%||$240||May||$63254|
|PenFed Car Loan||$14701||2.49%||$750||May||$24040|
|Balance Transfer student loan (Former Navient 1-01)||$5437||0% (through April 2016)||$500||May||$5937|
|Totals||$117,815 (Last month = 119,170)||$1708||Starting Debt = $145,472|
I’ve rearranged my debts (compare to last month) to be in order of APR (highest-to-lowest). From this re-ordering, it’s interesting to see that the highest APR debt is also currently my lowest balance. Certainly provides a bit of a “hmmmmmmm” experience. Though at the moment I remain steadfast with my current repayment plan: paying aggressively toward the balance transfer student loan, only an extra $100/month toward the Navient Federal student loan, and all extra monies thrown at the car loan.
Of course, I’m notorious for changing up my order of debt-repayment. So who knows what the future holds? I know this drives people crazy (the opinion being that when a person keeps splitting priorities that nothing ends up getting done). But I’m more of the opinion that any progress is good progress. So for now its progress on the car loan. In the future….more of a student loan focus? Again – who knows?
But, I gotta say, I really can’t wait to be holding my car title in my hands!
What debt are you currently working on?