This little number had been with us since we bought our new Imac. Basically, I applied for what was called an "Apple Loan" and was given instead a Master Card. It was one of those deals that started you with a low interest rate which slowly got larger and larger over time. Jen and I used it more than we should have--it became a kind of safety net when I wasn't making as much money. After a few late payments, we realized that they had raised our APR to 30%!
You know the story. High interest rate equals high finance charges which means you have problems paying off the balance. We were a case study in the kind of consumers whom the credit card company loves.
Well, that has changed now!! Burn to you "Apple Loan"!!! Burn to you fake loan which is actually a credit card with incredibly and insanely and wickedly high APR! We have now paid you OFF!! This happened yesterday. Quite the momentous occasion for us. Now we only have one more credit card to pay.
One step closer to our independence!
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