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Over 16 years, writer Laura Dunn racked up $23,000 of credit card debt.
For years, she didn’t realize that paying only the monthly minimum payment wasn’t enough, and her balance continued to grow.
In January, she and her fiance made a plan to pay off her credit card debt faster by paying more than the monthly minimum payments. Now that she’s in the habit of paying more than the minimum, her debt is disappearing fast.
Credible can help you compare offers to consolidate and refinance your debt »
I got my first credit card in 2003 as a college freshman when I opened up a Chase Bank account, and 16 years later, I’d racked up $23,000 in credit card debt over 10 credit cards.
For a long time, I hid the severity of my rapidly growing debt from myself, refusing to change my lifestyle because I wanted to keep up with everyone else.
But about five years ago, I woke up and started working towards financial independence and decided to pay off my credit cards. As of today, I’ve paid off over $8,229 of my $23,000 credit card debt, bringing the…
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