Tuesday, December 8

Assessing my Credit Card Debt

My top priority is paying down my credit cards. These were under control until I had to access some cash advances to purchase Rental Property #7.

Total Credit Card Debt as of 11/30/2009: $37,913
Previously I reported the wrong amount for last month, so I actually only reduced credit card debt by $333 from October to November.

In December I will not reduce my credit card debt. Instead, it will increase, hopefully for the last time. I have over $6,000 in property taxes to pay and will have to pay these by credit. Unfortunately, this means I will exceed $40,000 in credit card debt for the first time.

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