Monday, July 13, 2009

Good Bye Bank Of America

Some may call it the "Golden Ticket" and others will call it stupidity, but I am happy and relieved to have dropped off my final payments to Bank of America. Now before you get all excited for me, all I did was transfer the balances to another card. The good news is I went from 27% to 3.99% which will save an incredible amount of money. Essentially, I will be paying less than $40 per month in finance charges compared to ever $300. The bad news is this is not my credit card that I transferred it to; it's my mothers and I have 23 months to pay it off.

I'm not worried about paying it off in time. The payments equal what I'm currently paying every month. Any follower of Dave Ramsey knows that you should never lend money to family unless you're prepared to gift it or accept that you won't see it again. I took over a month to accept my mother's offer because of my concern on how it would affect her credit rating and the fine print her bank would put into such an offer. To guarantee that my actions will to adversely affect my mom's good credit, I am giving her an extra payment up front to act as a cushion. I will also roll over the payments I've been making towards my LASIK surgery as soon as that's paid off in October.


Diana said...

Hi there,

I have some finance & debt related sites with good traffic pages & pr value.

While searching in Google I have found your blog, & I have to admit that your blog contains very informative contents both for visitors & web-masters.

So, I was thinking that if you have some more blogs like this & allow me, I wish to write articles for your blogs as a guest.The articles will be fully unique & original in nature.

In return of this favor, I am offering you back links from my site's good high traffic pages.

So, if you are interested , please send me your answer as soon as possible at

waiting for your quick reply

Maria said...


This is Maria. I have seen your blog: and I must say that I'm really impressed. Would you permit me to make a guest post in your blog? The article will be totally unique and written on debt.

Please get back to me at my email id.

Waiting to hear a positive response from your end.

Maria Smith

Anya said...


I am Anya Bennett a financial writer. I write on several finance related topics like debt, loans, insurance, investment and so on. You would find my articles if you Google my name. While surfing through the internet to find a suitable blog for writing articles, I came across your blog. It is highly resourceful with rich and nice contents and has a vivid presentation. I must appreciate your hard work and wish you good luck.

I was wondering if you can allow me to write for your site/blog. I assure you to provide you an absolutely unique but relevant article so that it proves to be useful to your readers. It would be a great thing if you could take a look at the proposal and lemme know what you feel about it. I'll wait for a positive reply from you.

If you are displeased with my email, I cordially regret in advance.

My Kind Regards,
Anya Bennett.
Email ID: