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Family Pays off $106,000 in Debt

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  • Radiance
    replied
    Originally posted by rizzmo View Post
    When I see an article like this it makes me wonder how much they paid for the luxury of repaying their own debt.
    Lots! I am sure I paid 2-3 times for the items I charged for.
    But, why do you call repaying debt a luxury?

    Leave a comment:


  • rizzmo
    replied
    When I see an article like this it makes me wonder how much they paid for the luxury of repaying their own debt.

    Leave a comment:


  • Radiance
    replied
    I changed my thinking about debt and priorities and the future.

    That was the key for me too! I have 18k but I am coming from 50K and I have an aggresive plan to get rid of my debt

    Then I will:
    have money to do all kinds of things.
    It can be done, it should be done.
    Of course avoiding this craziness would have been moch better. Oh, well

    Leave a comment:


  • wincrasher
    replied
    They are amazing.

    I know where they were coming from. Last year was the year I turned my life around. I peaked at $96k of high interest credit card debt and $50k in auto loans. It's coming up on 1 year since I paid it all off. Now I have money to do all kinds of things.

    I thought I was headed for bankruptcy. Instead, took the risk and started working for myself and increased my income. I didn't struggle like these folks, but edging back from the brink, I changed my thinking about debt and priorities and the future.

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  • creditcardfree
    replied
    They worked hard and made it happen. I commend them for that!!

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  • Scanner
    replied
    I saw that article. They actually reminded me of a poster here with the church tithing and all that. I can't recall who that was.

    Leave a comment:


  • investingnoob
    replied
    Wow, I can't imagine being in that much debt..That's a huge accomplishment, they should be very proud. Hopefully they won't get into that much of debt again.

    Leave a comment:


  • creditcardfree
    started a topic Family Pays off $106,000 in Debt

    Family Pays off $106,000 in Debt

    Five years ago, the Hildebrandt family of New Richmond, Wis., was juggling more than $100,000 in credit card and personal debt. Through frugality, determination and hard work, they are now -- other than a mortgage -- debt-free.

    At the time, Russell and Kandy Hildebrandts' credit card balances totaled about $89,000, and they owed $17,000 to a family member...



    Family Pays off $106,000 in Credit Card Debt
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