February Status Report

Still slogging through this one bill at at time. Here is our status:

1. CitiCards (Amex) $8,475.42
2. BofA CC $3,657.98
3. BofA LC $38,084.26
4. CitiCards (Student Visa) $2,362 Settled 1/09 35% of balance owed!
5. USAA $12,341.66
6. WAMU/Chase $1,102.49 Settled 10/09 50% of balance owed!
7. Capitol One $1,663.79 Settled 8/09 40% of balance owed!
8. Chase Cards $1,374.46 Settled 3/09 50% of balance owed!
9. Credit Union CC $1,364.30
10. Victoria's Secret $242.45 Paid Off January 2010 for 50% of balance!
11. Car 1 $3,503.10 Sold 10/09
12. Car 2 $10,808.65
13. Harley $2,400 Paid Off January 2010
14. Bally's $424.80 Paid Off January 2010 for 50% of balance!
15. Discover Card $9,065.86

Total Debt Remaining $83,798.13

So far, in the past 13 months, we have managed to pay off $26,525.05. Only $83,798.13 left to go!!!!

January Status Report

One year has passed since we started our debt free life plan...I think, all in all, we've made good progress, although it has slowed down of late. We are just going to keep plodding through this...Below is our status:

1. CitiCards (Amex) $8,575.42
2. BofA CC $3,657.98
3. BofA LC $38,084.26
4. CitiCards (Student Visa) $2,362 Settled 1/09 35% of balance owed!
5. USAA $12,467.66
6. WAMU/Chase $1,102.49 Settled 10/09 50% of balance owed!
7. Capitol One $1,663.79 Settled 8/09 40% of balance owed!
8. Chase Cards $1,374.46 Settled 3/09 50% of balance owed!
9. Credit Union CC $1,402.56
10. Victoria's Secret $242.45
11. Car 1 $3,503.10 Sold 10/09
12. Car 2 $10,984.12
13. Harley $2,400
14. Bally's $424.80
15. Discover Card $9,361.86

Total Debt Remaining $87,601.11

In our first year, we have managed to pay off $22,722.07. I don't think that's too shabby, but we still have a lot of work cut out for us with $87,601.11 left to pay off next year in order to fulfill our plan. Wish us luck and have a happy and debt free new year!

December Status Report

Not much has happened lately with the debt. We are saving up for another big settlement and just slowly working our way through this. With every payoff, we free much needed cash flow and we expect that our progress will quicken with a just a couple more settlements. Wish us luck! Here is our debt status:

1. CitiCards (Amex) $8,675.42
2. BofA CC $3,657.98
3. BofA LC $38,084.26
4. CitiCards (Student Visa) $2,362 Settled 1/09 35% of balance owed!
5. USAA $12,593.66
6. WAMU/Chase $1,102.49 Settled 10/09 50% of balance owed!
7. Capitol One $1,663.79 Settled 8/09 40% of balance owed!
8. Chase Cards $1,374.46 Settled 3/09 50% of balance owed!
9. Credit Union CC $1386.18
10. Victoria's Secret $242.45
11. Car 1 $3,503.10 Sold 10/09
12. Car 2 $10,984.12
13. Harley $3,000
14. Bally's $424.80
15. Discover Card $9,557.86

Total Debt Remaining $88,606.73

November Status Report

October was a good month as far as paying off debts goes...we settled one credit card, sold one of our cars, and made progress on the rest...However the total number does not reflect much progress because of some returned payments. Our current status is as follows:

1. CitiCards (Amex) $8,775.42
2. BofA CC $3,657.98
3. BofA LC $38,084.26
4. CitiCards (Student Visa) $2,362 Settled 1/09 35% of balance owed!
5. USAA $12,581.34
6. WAMU/Chase $1,102.49 Settled 10/09 50% of balance owed!
7. Capitol One $1,663.79 Settled 8/09 40% of balance owed!
8. Chase Cards $1,374.46 Settled 3/09 50% of balance owed!
9. Credit Union CC $1428.24
10. Victoria's Secret $242.45
11. Car 1 $3,503.10 Sold 10/09
12. Car 2 $11,272.74
13. Harley $3,200
14. Bally's $424.80
15. Discover Card $9,753.86

Total Debt Remaining $89,421.09

October Status Report

Sorry this blog is a little late...we are now in month number 10 of our two year plan and I am glad to report that we made some good progress this month. We sold our second less fuel efficient vehicle and used some of the proceeds to SETTLE debt. Also, I had to make an addition to the list of debts...for some reason I have forgotten to include my Discover Card. If the numbers from the prior months don't match up to this month, its because I added in Discover Card.

1. CitiCards (Amex)- $8,875.42
2. BofA CC- $3,657.98
3. BofA LC- $37,533.24
4. CitiCards (Student Visa)- $2,362 (Settled in January for 35% of balance owed!)
5. USAA- $12,706.34
6. WAMU- $1,102.49
7. Capitol One- $1,663.79 (Settled in August for 40% of balance owed!)
8. Chase Cards- $1,374.46 (Settled in March for 50% of balance owed!)
9. Credit Union- $1,411.77
10. Victoria's Secret- $242.45
11. Car 1- $3,503.10 (Sold in October)
12. Car 2- $11,272.74
13. Harley- $3,400
14. Bally's- 424.80
15. Discover Card- 9,753.86

Total Debt Remaining- $90,381.09

Any accounts in collection? Go to this website to check them out

If you currently have any accounts in collection, check out this website to make sure that the agency collecting on the account isn't one of the worst of these scumbag agencies....http://www.budhibbs.com/am_worst_collection.htm

Thinking about using a Debt Settlement company?

Think again. Read this article: http://www.ripoffreport.com/Credit-Debt-Services/Debt-Settlement-Amer/debt-settlement-america-dsa-6a285.htm