[ What a b*tch! ]

This is my 9th installment for this series.

The basics:

• I applied and was approved for a $3,000 credit limit on 4/12/11
• On the same day ( 4/12/11) I charged a complete root canal & filling on the card = $2,297.00
• 48 month promotional period = 14.9% APR
• Minimum monthly payments = $64.00
• If I paid only the minimum payment of $64.00, in 4 years it would be paid off. I would have paid $3,095.00, which is $798.00 in interest.
• If I paid $80.00 a month, I would have paid $2,887.00, which is $590.00 in interest.

THE EIGHTH BILL

Previous Balance- $510.63
New Purchases- $0.00
Payments- $114.00 ($44.00 posted on 12/6 & $70.00 posted on 12/23)
Credits, Fees, etc.- $0.00
Interest Charge- $5.68
New Balance- $402.31

Minimum Payment Due- $64.00

Days in Billing Period- 31

TOTAL INTEREST CHARGED: $128.56

TOTAL PAYMENTS SENT: $2,002.00

Notes: I know this is a little late than I usually post it, sorry guys. I’m almost there! 😀 Since one of my goals for January is to get the balance under $300, I’m assuming that I’ll only have two more posts left in this series (less would be better, but it doesn’t seem likely). It would really rock if I could pay it off in less than a year, I’ll have to work hard and cross my fingers.

If I keep making only the minimum payment from here on out: