Congratulations!!! Last November we made the last payment on our SUV which we loved. Then two weeks later it gave us problems. To make a long and expensive story short.....after having the Transmission rebuilt it still was NOT fixed. We are now the proud owners of a big, beautiful white truck but have payments again. Life is never dull!

I agree with this suggetion. You don't have to have a mortgage payment to have a good credit rating. I paid off my house in 2001. I use a credit card for everything I can, because they pay me 1 1/2 to 4 1/2% back. I do pay the balance off when the bill comes each month. I have never paid any interest on a credit card. I only purchase a new vehicle when I have the cash to pay for it. My credit score is 950.

Congratulations on your debt free truck! Great accomplishment.

RE: Mortgage......you can make extra principal payments on your mortgage and knock off a lot of years. Look at your amortization schedule. You will be able to see what the principal payment is for any given month. I. E. We made full payment for month 5 and then added the principal only payments for months 6 and 7. BE SURE TO let company know how to post your payments. You can knock a 30 year mortgage down to 15 without too much pain :)

Congrats!! What a good feeling!

Congratulations, what a wonderful feeling it is to have one paid off. Now to start hacking away at the house

Isn't that a great feeling....Good for you....

The truck still has 17,000 miles left on the warranty. :)

You need to refinance your house! You can get interest rates under 3% now and that would save you THOUSANDS of dollars!

Having your house paid off is even a better feeling than having your truck paid off....but, good going. It's an accomplishment a lot of people can't say they have done the same. Do whatever works for you and your family. And, every woman needs a good truck. Happy trucking!

Congrats on getting your truck paid for. Now, take most of that truck payment and put it into savings for when you have to replace that truck. I did that years ago when I was working after I had paid off my car, I kept taking the car payment out and putting it into savings. When I had to replace the vehicle I had enough cash to pay the difference on the trade in and didn't have car payments. Just kept up with that car payment into savings and people at work wondered how I couldn't have a car payment when I traded vehicles. You have been making it without the additional cash for now and if you don't save it, it will fritter away here and there and you won't have a lot to show for it. As one of the ladies suggested, you could also use part of it to pay additional on your house, thereby saving you a bunch of interest and it would probably help your credit that much more as well.

Anyway glad for you and hope the truck continues to run for a long time with no problems, with the mileage you have accumulated you probably can get two more years on the warranty if it goes according to mileage.