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  • FIRST POST
    • Poor_Single_lady
    • By Poor_Single_lady 31st May 16, 2:36 PM
    • 1,107Posts
    • 4,185Thanks
    Poor_Single_lady
    Joined 31.05.16
    • #1
    • 31st May 16, 2:36 PM
    Joined 31.05.16 31st May 16 at 2:36 PM
    Day 1. 31.5.16
    I hope I am posting in the right place. I need to keep a spending diary where its not just me that sees it. I have around £14,500 in debt. This is split over 5 different lenders.

    £2450 Bankloan
    £3225 0% credit card
    £3620 0% credit card
    £2500 overdraft
    £2800 credit card 18%

    I have a lot of outgoings, live on my own (mortgage) recently had some expensive home improvements which I think were essential.

    I am slowly paying things off but one of my biggest battles is with my best friends who seem to be constantly putting pressure on me to do expensive things and get upset when i cant - making my battle twice as hard. Does anyone else have this issue or is it just me.

    My other main worry is that if my parents ever found out they would be heartbroken, I am 30 and shouldn't have let this happen. Im keeping my diary and working hard to fix. Day 1.
Page 54
    • Lumanous
    • By Lumanous 23rd Oct 17, 2:58 PM
    • 128 Posts
    • 323 Thanks
    Lumanous
    My thoughts removed. My comments were kindly meant and have clearly been misread.

    I wish you the best in your journey as with everyone else here.
    Last edited by Lumanous; 27-10-2017 at 10:44 PM.

    No, my username is not a typo
    • Poor_Single_lady
    • By Poor_Single_lady 23rd Oct 17, 7:25 PM
    • 1,107 Posts
    • 4,185 Thanks
    Poor_Single_lady
    Phew lets all breathe.

    Just a few points.
    I'm not advocating adding debts to mortgage as a route for everybody. It is one I am thinking about and considering for me in my circumstances. Thinking and considering. Just thinking and considering.
    Please nobody else post and tell me your thoughts on this.

    I haven't done it, I've not deciding I am just considering my options that are open to me. And how this would affect me and what this would mean.

    I appreciate that it's not ideal but nothing about debt is ideal.

    But I am definately not celebrating.

    Some mortgages you can overpay and mine is one of them. So if I had added the debt to the mortgage I would be able to overpay as and when I could. But the repayment rate would allow me to breathe which a lot of people seem to have overlooked. And that's fine for them but I need to do what is best for me.

    And something best on paper might take its roll on a persons mental health. And that person might start considering their options.

    That's all.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • Dolly Rocker
    • By Dolly Rocker 23rd Oct 17, 9:17 PM
    • 3,414 Posts
    • 9,773 Thanks
    Dolly Rocker
    The way to debt freedom isn't always a straight road and it's not the same for everyone.

    I get that a lot of people are trying to offer you their best advice but sometimes its just best to listen to people (well read what they are saying) and try to understand their reasons for making the choices they are making.

    PSL if the right choice for you is to pay off your 0% cards then do that, if you remortgage then fine. Either way you still need to have a plan and a focus on how you will reduce your debt in a time that you are happy with.

    I paid off all our debt in 2013, found myself back in £15k of debt )not much to show for it) which I am now struggling to pay off. I'm doing it my way, I get that some people might have done it differently, maybe they wouldn't go out for dinners, to the cinema or go on holiday but hey ho my journey is my own so there you go.

    You do you PSL and I'm here cheering you on all the way!!!

    Dxxx
    Starting Debt - £15,000
    Remaining Debt - £1,980

    Starting Weight - 16st 7lbs
    Current Weight - 15st 3lbs
    • sauceoclock
    • By sauceoclock 27th Oct 17, 2:22 PM
    • 839 Posts
    • 887 Thanks
    sauceoclock
    As a mortgage adviser I see lots of people every day raising some funds to consolidate debt. Providing it's affordable to you then there is no harm in seeing it as an option, you can always seek some free advice from a broker firm, just make sure they're a firm that don't charge a fee until completion. Everyone here is looking out for you but we are all different, I chose a loan for some of my debt because I felt it was the best option for me, it so far has been! .

    It's really hard doing it on your own, I lived in London on my own and didn't know anyone and I really struggled (didn't have a mortgage so super expensive rent too!). Big Hugs to you, hope you're entering the weekend feeling positive and you have a good one! xxx
    Loan: £3,600 £2,773.32
    Credit Card: £1,758.95 £1,733.95
    Emergency Fund: £200 (Aiming for £2000 by Dec 2018)
    Goal Debt-Free Date: February 2019
    November NSDs: 2/10
    • Cumbria lass
    • By Cumbria lass 29th Oct 17, 7:48 AM
    • 790 Posts
    • 3,824 Thanks
    Cumbria lass
    PSL how are things going your way ? Yesterday was horrible here up the North , today is cold but sunny. About to leave to go to friends further North. Have a good day x
    Nov 2017 CC1 £3329 CC2 £600

    Debt Free Nov 2019: earlier if I have my way
    • Dolly Rocker
    • By Dolly Rocker 29th Oct 17, 9:08 AM
    • 3,414 Posts
    • 9,773 Thanks
    Dolly Rocker
    How are you PSL?

    Dxxx
    Starting Debt - £15,000
    Remaining Debt - £1,980

    Starting Weight - 16st 7lbs
    Current Weight - 15st 3lbs
    • Poor_Single_lady
    • By Poor_Single_lady 29th Oct 17, 3:13 PM
    • 1,107 Posts
    • 4,185 Thanks
    Poor_Single_lady
    It is ok. Sometimes it's hard to explain how things are.
    Its not easy. I'm paying all the money back so whether it's secured or unsecured is the same to me.
    Adding it to the mortgage would put me in a similar position as if I had bought the flat 12 months later and would still leave me some generous equity. It really wouldn't be the end of the world and I would be much happier than I am now.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • doingitanyway
    • By doingitanyway 29th Oct 17, 4:52 PM
    • 2,104 Posts
    • 9,731 Thanks
    doingitanyway
    I really get how much of a struggle it is to do this alone. I'm not going to offer advice, it sounds as if you have had enough of that. Just saying I understand, that's all.
    JANUARY 2016/SECURED DEBT=24,822/November 2017=4,525
    MORTGAGE FREE 25/07/16
    • Cumbria lass
    • By Cumbria lass 29th Oct 17, 5:59 PM
    • 790 Posts
    • 3,824 Thanks
    Cumbria lass
    PSL glad your ok, you will come to the right decision for you , whatever it may be.
    Nov 2017 CC1 £3329 CC2 £600

    Debt Free Nov 2019: earlier if I have my way
    • coastalchick
    • By coastalchick 29th Oct 17, 6:29 PM
    • 220 Posts
    • 346 Thanks
    coastalchick
    Yeah I agree its difficult doing this alone and you have to do what works for you. x
    • Dolly Rocker
    • By Dolly Rocker 30th Oct 17, 9:25 AM
    • 3,414 Posts
    • 9,773 Thanks
    Dolly Rocker
    Glad you're alright PSL.

    In work so be back on later today!

    Dxxx
    Starting Debt - £15,000
    Remaining Debt - £1,980

    Starting Weight - 16st 7lbs
    Current Weight - 15st 3lbs
    • Poor_Single_lady
    • By Poor_Single_lady 5th Nov 17, 8:09 AM
    • 1,107 Posts
    • 4,185 Thanks
    Poor_Single_lady
    3 weeks to payday.
    Seeing friend today and another one tonight. A very social weekend and the. Next week is a very busy week, out Friday night too.

    Need to do a food plan.
    And buy some cleaning supplies.
    And do some washing and ironing
    And want to fit a film in.

    And would like some new mascara. Haven't bought any in a longtime and mine has run out.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • Cumbria lass
    • By Cumbria lass 5th Nov 17, 8:19 AM
    • 790 Posts
    • 3,824 Thanks
    Cumbria lass
    Hope you get it all done PSL . Enjoy the rest of the weekend .
    Nov 2017 CC1 £3329 CC2 £600

    Debt Free Nov 2019: earlier if I have my way
    • Poor_Single_lady
    • By Poor_Single_lady 14th Nov 17, 8:24 PM
    • 1,107 Posts
    • 4,185 Thanks
    Poor_Single_lady
    Will be back.

    Got some RL things going on.
    Not a repossession but hard to understand much less explain to others.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • Cumbria lass
    • By Cumbria lass 14th Nov 17, 9:05 PM
    • 790 Posts
    • 3,824 Thanks
    Cumbria lass
    Sorry to hear PSL , hope you get your RL issue sorted . Post again when you are ready.
    Nov 2017 CC1 £3329 CC2 £600

    Debt Free Nov 2019: earlier if I have my way
    • coastalchick
    • By coastalchick 15th Nov 17, 8:23 AM
    • 220 Posts
    • 346 Thanks
    coastalchick
    hope everything is ok hun x
    • maddiemay
    • By maddiemay 15th Nov 17, 10:33 AM
    • 3,173 Posts
    • 27,888 Thanks
    maddiemay
    Sorry that you are going through a difficult time, take care.
    MM x
    • Dolly Rocker
    • By Dolly Rocker 15th Nov 17, 11:12 AM
    • 3,414 Posts
    • 9,773 Thanks
    Dolly Rocker
    Hope you get it all sorted out PSL.

    Dxxx
    Starting Debt - £15,000
    Remaining Debt - £1,980

    Starting Weight - 16st 7lbs
    Current Weight - 15st 3lbs
    • Poor_Single_lady
    • By Poor_Single_lady 16th Nov 17, 3:12 PM
    • 1,107 Posts
    • 4,185 Thanks
    Poor_Single_lady
    Thank you all. Will be back.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
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