OK so one CC is paid off, this morning as of 9am. In 10 days I am calling to cancel it and tear it up forever! No more CC for me! Whoo HOOOOO!!! I cried this morning I was so excited at paying it off! Who ever knew gigantic things like paying off a CC would make me soooo happy?
One down...
September 12th, 2006 at 05:14 pm
September 12th, 2006 at 06:15 pm 1158084948
September 12th, 2006 at 09:06 pm 1158095208
I've just put my old ones in the safe.
September 12th, 2006 at 10:52 pm 1158101559
Lux is right about the utility of preserving open accounts to maintain an on-going credit history. Plus closing a credit line impacts your credit utilization ratio negatively, which can be counter-productive. That said, I also understand the joy of slaying the credit monster by cutting it off at the source.
You might like to leave it open, at least until you are further along on the path to freedom. Your call, but, open or closed, a paid-off account is cause for celebration.
September 12th, 2006 at 11:20 pm 1158103231
September 13th, 2006 at 05:38 am 1158125906
September 13th, 2006 at 12:11 pm 1158149494
Great feeling, isn't it?