Tag Archives: Line of Credit

My Total Debt

13 Sep

My main focus is to reduce the debt with the highest interest charged.  A big balance at RBC Visa with a promotional rate of 0.00% is coming to an end.  I need to re-arrange my credit or sell some stocks to avoid the hefty 19.99% per annum once it expires.  A total of $27,146.51 is the debt I have accumulated since the beginning of 2010.  The following is the stack of my current debt outlined:

Line of Credit
BMO Mastercard  $1745.15 @5.75%

Margin: 
Scotia Itrade  $6311.10 @ 4.25% 
Questrade  $2676.77 @ 4.25%

Credit Card PROMO: 
Visa RBC  $11,970 @ 0.00% expires Nov 11,2010 
Visa RBC  $500 @ 0.00% expires Jan 31, 2011
MBNA Smart Cash  $1000 @ 0.99% expires Aug 2011
MBNA Smart Cash  $1000 @ 0.99% expires Sept 17, 2011
MBNA Gold $1943.49 @ 0.00% expires Mar 2011