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[Bobitis]

What can I say... 

I haven't felt this good since paying off my KIA 3 years early. 

[ICIdaho]

Congrats!  I never carry credit card debt, but that darn mortgage will not ever seem to go away, and now my wife had to get a new vehicle, which will be payments for a while. Oh well, can’t take it with me when I go I guess.

[GREG-B]

My plan is to spend it all before I go.

[bregent]

My plan is to spend it all before I go.

Let me know if you need any help with that.

[triplebq]

Nice! I guess you can start saying "Straight cash homie" 

[Mikro]

I know that feeling well Bob, I payed off all of mine and my wifes in the spring. My Mom passed last year @91 years and left me a small amount of $$. I put it to good use. It's nice having a few dollars at the end of the month now. Funny thing how your credit score will escalate without any debt as well. We refied again and dropped our rates another 2% so all in all we have also reduced our mortgage

mk

[ZCZ]

Remember this:

"Dying broke isn't misfortune . . . it's good timing."

Z

[yorkdude]

Nicely done and congrats.
Man I wish!

[triplebq]

Remember this:

"Dying broke isn't misfortune . . . it's good timing."

Z

LOL

[smokin soon]

It's not fair, but without Credit Card or loan activity your score will drop.

[Bentley]

I have not had a balance on a CC since 1992 after a divorce. It took 14 months to get it cleared up.  Have never had a month since that I ever carried a balance on them.  I also sold my home in 2000 and paid off the mortgage, FICO score went to 800+, but has sense settled in high 700's...so having debt does not really dictate the score.  If he quits using CC all together, that would be more of a factor to drop the score.

[slaga]

Being credit card debt free sure is a nice feeling. We still use credit cards on a daily basis but pay it off every month. Then paying off those college student loans a few years later felt good. Then driving around in cars that were paid off was nice too, although we still finance cars when we feel we need a new (to us) one. We still have a mortgage and probably will right up until we retire though.

Our credit report says it would be higher if we had more revolving credit or debt but I don't care. Having the highest credit report I can attain is not really in any of my financial goals, especially if that requires having more debt.

[dk117]

Being credit card debt free sure is a nice feeling. We still use credit cards on a daily basis but pay it off every month. Then paying off those college student loans a few years later felt good. Then driving around in cars that were paid off was nice too, although we still finance cars when we feel we need a new (to us) one. We still have a mortgage and probably will right up until we retire though.

Our credit report says it would be higher if we had more revolving credit or debt but I don't care. Having the highest credit report I can attain is not really in any of my financial goals, especially if that requires having more debt.

Well said all around.  Using a credit card daily allowed us to exchange our card miles for a flight to Hawaii the week after Christmas.  Then again I drive a perfectly functional 14 year old truck paid off 10 years ago.   Credit cards aren't really my hang up ... it's the debt free, financial independence absent a job that's the real goal.  That's still a decade away.  On the way I'd like to get my girls through college without loans.  A guy can dream  

DK

[bregent]

I use credit cards for everything but haven't carried a balance for over 35 years, and my FICO score is 841.  Not having revolving debt may lower your score, but it won't kill it.

[Bar-B-Lew]

I think having a balance on the card every month and paying it off is more important than having a debt balance to your FICO score.