[quote=lpjohnso] we decided to do the entire $40,000+ remodel on our credit cards. They are low interest, but still, none-the-less, a terrible decision, but we knew that when we did it. We are claiming ‘0’ on our taxes, so we are on the 5 year plan to pay the cards off with each tax refund (last year’s refund was $10,000)..[/quote]

I would suggest raising your exemptions and getting more money in every paycheck and pay down credit cards as quickly as possible. Forget about the $10K check once a year.

I see no benefit to loaning the govt your money at 0% while you are paying daily interest on your credit cards. It is really silly to wait until next year to get a big check.

Did you max out credit cards with low rates for the life of the balance… Does the low rate apply for 4-5 years ?
You may have a way out of this sooner than you think.