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Good News, Bad News...

May 21st, 2015 at 02:02 pm

Bad News first... One of my credit cards has started an annual fee which is $25. This does NOT make my rate better.... It was just added...

Good news! This same card? My rate DID decrease to 6%. Why? you ask? Because three years ago I submitted paperwork to get my rate lowered (I'm military), and they refused. I last submitted paperwork over a year ago. It's been a three year battle and I had actually given up. They kept telling me one thing they needed then another. So about two months ago, out of the blue, my rate drops....

I was paying $51/monthly on it and now the minimum due has dropped to $25! So I'm not changing my amount that I'm paying them and it'll be paid of at a maximum of three years. But I'm snowballing payments so it'll be paid off sooner than that!

YAY ME!

I also closed my Rooms-to-Go account because I haven't used it in a long time and I'm going overseas again so there isn't a point in me keeping it. It was about to close anyways due to inactivity so I just went on ahead and closed it myself.

So this means that all of my accounts that I had before I joined the military are now 6% or less, or paid off and closed! WHOOHOO!!!

7 Responses to “Good News, Bad News...”

  1. Miz Pat Says:

    congratulations!!!!!!! Take care and God Bless you

  2. Sian Says:

    thanks! Smile

  3. LivingAlmostLarge Says:

    Great. amazing.

  4. VS_ozgirl Says:

    That's great news!

  5. CB in the City Says:

    Nice progress!

  6. SecretarySaving Says:

    Sian - what if you cut up that card and don't use it. Do you still pay the $25 annual fee if the only thing you are doing is paying it off and not charging more?

  7. Sian Says:

    i don't use it anyways and i'm leaving it in my safe. yeah, the annual fee is still charged no matter if I use it or not Frown whether it has a balance or not... it sucks but it's still all good. with 6% APR it'll be paid off in no time. I'll probably increase the payment in a few months, not sure yet.

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