Debt Free Map

I am a firm believer in total credit card elimination for all. It has seemed that I am alone in these beliefs. When the subject of handling our out of control credit card debt does hit the news, it is usually to spout an unhelpful tip or two or has to do with politics. Nothing that really helps an individual trying to get there life back and out from under creditors.

Lately I have noticed at least two stories that are about people working hard to get there debt eliminated. One of these stories also spoke of the wisdom or living cash only. The best advice I have ever seen on a TV news program ever. The unfortunate part of this story is that it was on at 3:00am. How many people watch news at 3:00am besides me? To bad more people could not have seen it.

We need to all spread the news that it is possible to get total credit card elimination.

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We have completely gotten rid of our credit card debt. It had gotten to the point that if we continued to pay just our minimums we would have become homeless.

I intended to make this blog about getting out of debt with out outside help and give our own experiences. We got out of debt to fast because we had something to sell that took care of our entire debt.

So, what direction should this blog go?

Credit Card Debt in America is out of control. We need to take our finances back. I have gotten rid of my credit card debt and the credit cards themselves and it feels wonderful. I want every one to have our freedom.

The best way that we can make this credit card debt blog helpful to our visitors is to

1.      Follow the debt news and how new events are going to effect everyone.

2.      Quote from my favorite debt gurus, so you can get the best credit card debt advice right from the experts.

Whether you want to be totally debt free like me or just want to get your debt under control come back often to find out what’s new. Let’s get our credit card debt in America under control together.

You can also subscribe to my feed or get updates in your email.

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Our very own credit card debt program

In a previous post I outlined my own debt problems. I truthfully have had a hard time deciding how to write an update to that.

Our debt was hanging around the 14,000 mark and we were making around 30,000 a year for a family of five in a fairly high cost of living community. We decided to start our very own credit card debt program. We were determined to try our darndest to get it all paid off as soon as possible, but in the back of my mind it just didn’t seem possible.

I read several books on the getting out of debt subject and felt that we needed to do this fairly and without a bankruptcy. The book that helped point us in the right direction and get the right debt elimination attitude was Dave Ramsey’s “The Total Money Makeover”. He outlines exactly how you can start your credit card debt progam.

Equipped with a new way that we should live our lives in ready we just dug in. This is exactly what we did. 

1. Eliminated all services that we did not absolutely have to have.
2. Did everything in our power to lower the rest.
3. Sold our second car.
4. Sold investment stock to a sympathetic ear that gave us more than it was worth.
5. Had a huge garage sale
6. Sent all of that money to the various credit card companies and others that we owed.
7. Canceled all credit cards and vowed to never have on again.
8. To the little money we had left to move to a cheaper place.

Here is the good and the bad news;

Good news is we don’t have any more debt except on loan from family and we accomplished this in around 3 months.

Bad news is we did this just in time for my husband to suddenly be out of work with no prospects in the near future, so we get to scrape by on my meager income for a while.

Sorry, did I say that was bad news. In a way this is also good news. Stay with me here! We actually have the possibility of scraping by on my income where that would never have been a possibility before with out high debt related bills. We would have had his job loss no matter what we did about our debt. True, we are not in a good situation, but we will get though it. And this time without debt to keep us down.

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