Wednesday, April 28, 2010

I Paid Off Nice Collection Agency!!

Back in May 2008, shortly after creating this blog (woah reading those old entries is a bit painful) I posted about reaching a payment agreement with a creditor I termed "Nice Collection Agency." Every month for 21 months they have been deducting $125.81 from my bank account and I knew that, someday, this old credit card would be paid off.

Last month they only deducted $75 and I thought that was curious but since I haven't really been keeping track of the amount I still owed, I waited one more month to see what would happen. And this month it seems the debt has finally been paid off!

So yes, 21 months after entering into the agreement, and a full decade after racking up the charges, I am DONE with Nice Collection Agency. I feel very relieved to have that monkey off my back.

Next up is getting a copy of my credit report to make sure the account shows up as paid in full...and figuring out what to do with an extra $125.81 a month (I'll give you a hint....saving it!).

Today when I was digging through my old blog posts I remembered how frustrated and helpless I felt back in 2008, when I couldn't control how I was spending my money and future stability seemed so out of reach. I realize I still have a ways to go..but it's nice to know I have made some progress.


Genesis said...

congrats! i know how good it feels to finally pay something off!

Moneyapolis said...

Awesome! It's great to see how much progress you're making!