Then and Now!

sammiboo · 22 May 2007 at 10:42PM

I thought it might be worthwhile to see how peoples finances (debt) has changed since they first posted on here (lightbulb moment)

Then Jan 2007

What I owe:
Clydesdale loan £300 - paid up this April (approx 16% apr) I am not worried about that one!
Egg loan - £6,909.34 at 6.7% and i pay £223 a month
Egg card - £3,483.44 [/B]at 5.9% for the life of the balance i pay £80 A month and dont use the card at all.
barclay card £300 at 15% - i pay off £50 a month i dont use this card
over draft £1200 limit - I am constantly in my overdraft so paying approx 16% for that pleasure :rolleyes:

Total: £12192.78

NOW May 2007

What I owe:
Clydesdale loan Paid
Egg loan - £6,166.08 at 6.7% and i pay £223 a month
Egg card - £3,220 [/B]at 5.9% for the life of the balance i pay £100A month and dont use the card at all.
barclay card Paid
over draft Paid
Virgin Card £1200 at 0% for 13 months - I pay £100 a month and i do not spend on this.

Total: £10,586.

The amount that I have paid off in this isnt massive but my debt is more controlled. I moved my overdraft and barclay card onto the virgin at 0% so I am not paying any interest - just paying off the debt.

Where as before I was living in my overdraft and would often go over it and incurr charges, I now never go into my overdraft and i am constantly in credit.

I dont pay fees for my account (additions :rolleyes: )

I am currently not worring about debt I am more focused in paying it off as quickly as possible :beer:

Next.......

sammiboo · 2 November 2007 at 3:30PM

Found this and thought I might update - as its quiet at work and i have nothing better to do

More for my benefit rather than anyone elses

NOW November 2007
What I owe:
Clydesdale loan Paid
Egg loan - £6,166.08 at 6.7% and i pay £223 a month Paid
Egg card - £3,220 [/b]at 5.9% for the life of the balance i pay £100 A month and dont use the card at all. £2,700
barclay card Paid
over draft Paid
Virgin Card £1200 at 0% for 13 months - I pay £100 a month and i do not spend on this. £500

Total: [strike]£10,586.[/strike] £3,200

Will post up another just after xmas and see what its like then.

I have just bought a house so i think the debt will be a lot slower at coming down.

But its good motivation to know the debts coming down.

mrsspendalot · 2 November 2007 at 3:41PM

What a great idea! My debts on my first SoA were:

credit card (1) (hubby) capital one mastercard APR 34.9% balance £864.24/ limit £1000
credit card (2) (hubby) barclaycard visa initial APR 29.9% balance £278.67/ limit £320
credit card (3) monument visa APR 27.9% balance £391.99/ limit £450
credit card (4) capital one visa APR 34.9% balance £129.05/ limit £200
index/lx direct card APR 28.8% balance £216.35/ limit £650
topshop APR 29.9% (I think) balance £74.51/ limit £120
catalogue 0% balance £638.38/ limit £4000
abbey overdraft £1100 APR ?
thames credit outstanding £4450 (old yes car credit debt - hubby)
wescot credit outstanding £1887.87 (old credit card default)
dss outstanding £420 (old benefit overpayment)

My debts now are:

catalogue 0% balance £297.12
thames credit £4050
wescot credit £1707.31
dss £320

After next week they will be just

wescot £1707.31
thames £4050

:T

sammiboo · 2 November 2007 at 3:59PM

Wow!!

Its a great feeling isnt it!! When you see it, your debts at the highest and what they are now, you see how far you have come. And its really worth it all the debt busting :beer:

immoral_angeluk · 2 November 2007 at 4:03PM

Then
14th October 2006

Joint:
Car loan - £7700ish 24.1%

Husband's:
citi card - £1464 27.9%
Dell - £400ish
Rockwell collection agency - £400ish
Capital One - £580

Mine:
My citi card - £480 27.9%
Capital One - £436 29.9%
Barclaycard - £872 19.9%
Dorothy perkins store card - £523 29.9%
Mothercare - £500 29.9%
Black Horse loan £400ish apr ?

Total Joint Debt: £13755 :eek:

NOW
2nd November 2007

Joint:
Car loan - £5453 24.1%

Husband's:
Clydsdale Financial (TV) - £955 0% til October 08
[strike]citi card - £1464 27.9%[/strike] PAID
[strike]Dell - £400[/strike] PAID
[strike]Rockwell collection agency (approx £400 left)[/strike] PAID
[strike]Capital One - £580 [/strike] STATUTE BARRED

Mine:
Barclaycard - £430.57 19.9% WILL BE PAID OFF NEXT WEEK
Egg (balance transfer)- £475.48 0% til June 08 WILL BE PAID OFF BY END NOV
[strike]My citi card - £480 27.9%[/strike] PAID
[strike]Capital One - £436 29.9%[/strike] PAID
[strike]Dorothy perkins store card - £523 29.9%[/strike] PAID
[strike]Mothercare - £500 29.9%[/strike] PAID
[strike]Black Horse loan £400ish apr ?[/strike] PAID

Total Joint Debt: £7314.05

Wow that looks great looking back on it all... especially as I added it up wrong and underestimated our original debt by about 2k!!!! :eek:

r.mac_2 · 2 November 2007 at 4:09PM

I just stumbled across this thread and just had to say well done to IA - what a huge dent you have made in your debt, in little over a year.

Inspiration is flowing over me......:D

immoral_angeluk · 2 November 2007 at 4:14PM

r.mac wrote: »

I just stumbled across this thread and just had to say well done to IA - what a huge dent you have made in your debt, in little over a year.

Inspiration is flowing over me......:D

Aww thank you. It's been hard but we're really really close to it all being over now. Well.. all except the car loan.. :rolleyes:

bored_of_debt · 2 November 2007 at 4:28PM

Well done people!

I haven't got my figures to hand but since my LBM in Jan i've managed to get rid of quite a bit! This site has definately help me focus on gettin rid of it all and being debt FREE!!! Roll on September!!!:j

InTheRed · 2 November 2007 at 4:29PM

r.mac wrote: »

I just stumbled across this thread and just had to say well done to IA - what a huge dent you have made in your debt, in little over a year.

Inspiration is flowing over me......:D

Wow IA!
Thats just great!
Can I ask can you overpay your car loan and bring down the number of years of payment?
And what is Statute Barred on Capital one credit card mean?

InTheRed x

sammiboo · 2 November 2007 at 4:31PM

Some great figures there IA

It does look fab once you get it all down on paper so to speak. Would be good to look back on if you ever have a down day and see how far you have come

PeachPickle · 2 November 2007 at 4:31PM

June 2006 - just under £21k around 13 separate debts
Nov 2007 - £11,631 5 debts

Ooh. Better than I thought actually, I've been quite down on myself about it lately.

Then and Now!

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