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  • FIRST POST
    • Chrisblue1962
    • By Chrisblue1962 29th Jul 09, 7:44 PM
    • 1,136Posts
    • 1,818Thanks
    Chrisblue1962
    When you're in a "Debt hole"..Stop Digging!
    • #1
    • 29th Jul 09, 7:44 PM
    When you're in a "Debt hole"..Stop Digging! 29th Jul 09 at 7:44 PM
    Well, it's up to been one month since I finally faced up to reality and squared up to my financial crisis i.e approx £17,500 in debt and outgoings still exceeding income.

    My partner is desperately looking for work but no joy. The debt is basically my credit cards (3), loan and an old gas bill.

    The hardest step was discussing it fully with my partner and then calling CCCS, who have been great. My creditors, bar Eon, have been surprisingly accomodating and I am currently making nominal payments on the CCs (credit cards) and the loan. Eon, basically don't want to "play ball"...all for about £160.00...well they do have their shareholders and bonuses to worry about...grrrr.

    Have set up new current a/c and that will soon "come to life" when I get paid next month.

    One good item of news...had a clear out at the weekend and found £90.00 worth of gift vouchers in a drawer !!! - £58.00 B and Q, £30.00 HMV...and £2.00 Asda.

    I know it's going to take a lot of hard work, self-control and courage to emerge from "The Hole" but it will be worth it. I also aim to pay off mortgage before I retire (in 20 years time!!) but let's slay this dragon first .

    In my younger years I ran two marathons...if I can do that then I can do this !!!!!

    Any gems of wisdom, tips and virtual hugs or virtual handshakes welcome...bye for now fellow DFWs
Page 14
    • Chrisblue1962
    • By Chrisblue1962 23rd Aug 15, 12:28 PM
    • 1,136 Posts
    • 1,818 Thanks
    Chrisblue1962
    Well, it's about a week after payday and main financial tasks done i.e. Budget finalised in YNAB, finance records spreadsheets updated and fingers crossed, things should be ok .

    Still have a few small DIY jobs to do but spare funds....yes, spare funds ...should accomodate this.

    [Quietly optimistic ]
    Last edited by Chrisblue1962; 23-08-2015 at 12:29 PM. Reason: typos
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    26th October 2017 -
    £14,642.00 - 20.8% paid off.
    Demolishing my House of Debt.. one brick at a time!!
    Thinking of spending???..YNAB says "NO!!!!"


    • Chrisblue1962
    • By Chrisblue1962 27th Sep 15, 5:23 PM
    • 1,136 Posts
    • 1,818 Thanks
    Chrisblue1962
    Since my last post, OH now finds herself looking for another job . She remains positive as she was looking for a change and we both remain confident she will soon be "back in the saddle" so to speak. She has some good contingency plans in place so not all doom and gloom.

    Sometimes, life is not about having to encounter problems - they'll come calling, that's for sure - but how you face up them and "bounce-backability". Despite everything, we remain able to smile and keep going .

    No real issues since last post...bar above item, lol....but need to do DMP review soon but should not impact on budget in a major way as nothing has really changed .

    Hope everyone is ok out there in MSE-land and will post again soon.
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    26th October 2017 -
    £14,642.00 - 20.8% paid off.
    Demolishing my House of Debt.. one brick at a time!!
    Thinking of spending???..YNAB says "NO!!!!"


    • Chrisblue1962
    • By Chrisblue1962 13th Oct 15, 10:28 PM
    • 1,136 Posts
    • 1,818 Thanks
    Chrisblue1962
    My dearest OH bought me a "new-to-me" Samsung phone recently as a surprise birthday present - she traded my old Galaxy S in for cash too .

    Tonight, I downloaded YNAB for Android app for free as already have software on my laptop. The phone now syncs with laptop YNAB via Dropbox , so everything stays up-to-date . New phone also ok with a couple of banking apps which now no longer worked on my old phone .

    This will give me the means to accurately keep track of all spending and keep to my budget
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    26th October 2017 -
    £14,642.00 - 20.8% paid off.
    Demolishing my House of Debt.. one brick at a time!!
    Thinking of spending???..YNAB says "NO!!!!"


    • Chrisblue1962
    • By Chrisblue1962 26th Feb 16, 3:09 PM
    • 1,136 Posts
    • 1,818 Thanks
    Chrisblue1962
    Well, it has been just over four months since my last post, due major changes. OH decided she wanted to go back to her native North East and she ..erm..went! Don't worry we are still a couple but long term plan is for me to relocate there too so she is the "advance party / pioneer team" so to speak.


    It has and remains difficult , both financially and emotionally, but means we'll both have a better life than in the North West, where she was very unhappy.


    The DMP is still bobbling along but each month is still "challenging" .I got out of the habit of posting on here due to there being so much going on but now things are less manic, real progress can be made in a measured and thought-out manner on all fronts- finances , job and house.


    Keep Battling, bye for now MSE'ers !!!!
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    26th October 2017 -
    £14,642.00 - 20.8% paid off.
    Demolishing my House of Debt.. one brick at a time!!
    Thinking of spending???..YNAB says "NO!!!!"


    • Ellieseleven
    • By Ellieseleven 27th Feb 16, 4:00 PM
    • 2,106 Posts
    • 6,768 Thanks
    Ellieseleven
    Good to hear from you Chris and how exciting moving to another part of the country

    If it gives you a better life then that is what matters, my plan is to move abroad once my DMP is done with and to live in the sun but I have a few more years to work (and save) before that becomes a reality.

    Each month is challenging but it also one more step close to being debt-free

    Good Luck with your new venture and keep us posted.

    Take care
    Ellie x
    Debt Free 1st March 2017
    Saving for Xmas 2017 #1 £548/ £732
    DFBXMAS 2017 #18 £1978/1,978 100%
    EF #142 - 1027/1000
    • Chrisblue1962
    • By Chrisblue1962 7th Oct 17, 6:51 PM
    • 1,136 Posts
    • 1,818 Thanks
    Chrisblue1962
    Deja Vu
    This post is almost identical to a post I made on 27.09.2015 so here goes......Since my last post, OH now finds herself looking for another job . She remains positive as she was looking for a change and we both remain confident she will soon be "back in the saddle" so to speak. She has some good contingency plans in place so not all doom and gloom.

    Sometimes, life is not about having to encounter problems - they'll come calling, that's for sure - but how you face up them and "bounce-backability". Despite everything, we remain able to smile and keep going .

    No real issues since last post...bar above item, lol....as nothing has really changed .
    On a postive note, all defaults now gone (bar one by Virgin Media, which I'm disputing) and CCJ has gone from credit history too

    Hope everyone is ok out there in MSE-land and will post again soon.
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    26th October 2017 -
    £14,642.00 - 20.8% paid off.
    Demolishing my House of Debt.. one brick at a time!!
    Thinking of spending???..YNAB says "NO!!!!"


    • Chrisblue1962
    • By Chrisblue1962 28th Oct 17, 9:20 PM
    • 1,136 Posts
    • 1,818 Thanks
    Chrisblue1962
    The Co-op - a bunch of idiots !
    Further to my last post, the Co-op decided to re-instate a default on my credit history - see my separate post on this matter. I have raised this with them by phone and lodged a formal written complaint too. They admitted it should not have been re-instated and will arrange for it to be removed but it may take upto 30 days.

    I'm quietly hoping they may provide some modest compensation too, which would be nice .
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    26th October 2017 -
    £14,642.00 - 20.8% paid off.
    Demolishing my House of Debt.. one brick at a time!!
    Thinking of spending???..YNAB says "NO!!!!"


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