February/March Debt Update

Total Debt after February's payments: $105.954.70.

Sadly, I was unable to pay my "pay it in full" card in February. So I still owe them some money that was due in February, plus the new charges I incurred. I'm at my credit limit with them, so I can't use the card any more.

Total minimum payments due: $2377.60
Plus "due in full" charges of $3012

Total Payments due: $5389.60.

Ouch. I don't know where I'm going to come up with that. And my property taxes are due - another $750 or so. I usually charge them on my "pay in full" credit card, but I can't do that this time because they cut off my charging privileges since I didn't pay in full last month.

And in six months, I've paid off less than $5,000, despite paying out over $2000.00 per month.

Most of my payments go to interest, of course. At this rate, I'll never get the debt paid off. Lately, I just want to give up. Bankruptcy is looking better and better....

Update on CitiBank

I completed the program. Sadly, I wasn't able to make a lot of extra payments, above the minimum. But I paid some extra, and Citibank paid me about $14. Not earth-shattering, but it's $14 I won't have to pay, so I'm not complaining.

And, as expected, Citi reduced my credit line to just above what I owe. So much for improving my credit score.

But at least the debt is going down.

Check the next post for an update.