Debt #3

Debt #3 details:

I believe this was a credit card that I stopped making payments on after putting living expenses on it for a year.  My advice?  Don't ever do that.  Not a good idea.

The latest balance I have for this debt came in the mail a couple of weeks ago.  I currently owe $11,815.23.  The original debt was $15,100.80.  Since defaulting on it, they have added a few hundred in fees, and I've made just under $6k in payments toward the debt.  My last balance, about 3 months ago, was just shy of $13,000.  Just like any other loan, the interest I pay will decline as the debt principal drops.  It looks like about $1200 each quarter is going toward this debt so I'm looking at roughly 10 more quarters until it's paid in full - that's about 2.5 years.  I am hoping to speed this up by sending in additional payments, but first I want to fund an emergency fund and pay off a few other small debts that are outstanding.

As for Debt #1 listed over on the sidebar?  That should be paid in full and I expect I'll get a notice in the mail in the next few weeks letting me know it's paid.  Small steps, but in the right direction!