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  • FIRST POST
    • Ellieseleven
    • By Ellieseleven 16th Jul 10, 1:13 PM
    • 1,904Posts
    • 5,668Thanks
    Ellieseleven
    Stop being a Wimp!... DMP Journey
    • #1
    • 16th Jul 10, 1:13 PM
    Stop being a Wimp!... DMP Journey 16th Jul 10 at 1:13 PM
    For the last 2 years I have known that we have a problem but I have continued to try and pay all the bills, mortgage and CC's often using CC's to pay other things and withdrawing cash to keep us going.

    My OH is a gardener so his work is very seasonal, plus we were shafted by a family member. This means that his income goes up and down all the time and sometimes down but not up!

    Anyway, the time has come when I have to say I have been defeated by the CC's and cannot continue to pay them the amounts that I have been doing.

    I posted that I was scared to take the next step down the CCCS and DMP route but have found that the people on this forum are wonderful and have given me the encouragement and strength to go through with this, instead of chickening out and carrying on further into the mire.

    SO....

    I have done the CCCS debt remedy and feel more positive already.

    Tomorrow I am going to ask for a Co-op cashminder account - this bit is hard as I feel loyalty to my current bank???? - got to stop this and I'm sure when I default on the loan that I have with them I will change my mind!

    Then need to speak to the CCCS and complete all the forms

    Then maybe I can stop crying, worrying, stressing out, feeling sick, having headaches, feeling depressed and maybe the ringing in my ears will stop too!

    So I'm going to update this diary with my progress and then look back in a couple of months to see if I feel better and whether I am in a better place financially. At the moment both myself & OH are throwing money at our debts but not making any inroads whatsoever and I want my life back!!
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
Page 31
    • Moneywhizz
    • By Moneywhizz 4th Aug 16, 6:38 PM
    • 92 Posts
    • 313 Thanks
    Moneywhizz
    When do you expect to be debt free? I think you deserve to be excited. It has been a long hard journey so you should enjoy the prospect of the final payment and allow yourself to dream and plan for your debt free future. It is a wonderful feeling that never really goes away after you have got out from under the burden of debt. Well done and good luck.
    • stepuptothepl8
    • By stepuptothepl8 4th Aug 16, 11:11 PM
    • 682 Posts
    • 3,179 Thanks
    stepuptothepl8
    Thank you both, do I dare be excited?
    Originally posted by Ellieseleven
    YES!! Definitely
    LBM 1st Feb 2015
    £9990 to go
    my diary: time to step up to the plate. SPC#503

    Bristol half marathon done!
    • Puzzcat
    • By Puzzcat 5th Aug 16, 9:28 AM
    • 3,757 Posts
    • 15,845 Thanks
    Puzzcat
    Come on Ellie, You are so close to the finishing line now, of course you should be excited.....

    Puzz. x
    Christmas 2016 £600 cash/£105 vouchers
    I love my dmp started in Nov 13 with SC 32.2% paid
    Going Self Managed March 2016
    Pot Of Gold - £335.00
    MY DIARY -
    http://forums.moneysavingexpert.com/showthread.php?t=4768685
    • Ellieseleven
    • By Ellieseleven 29th Aug 16, 10:14 AM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    When do you expect to be debt free? I think you deserve to be excited. It has been a long hard journey so you should enjoy the prospect of the final payment and allow yourself to dream and plan for your debt free future. It is a wonderful feeling that never really goes away after you have got out from under the burden of debt. Well done and good luck.
    Originally posted by Moneywhizz
    Thank you Moneywhizz, I expect to be debt free February 2017. It has been a long hard slog but I have learnt so many valuable lessons on the way...and they will stay with me for the rest of my life

    Ellie x
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
    • Ellieseleven
    • By Ellieseleven 29th Aug 16, 10:17 AM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    Come on Ellie, You are so close to the finishing line now, of course you should be excited.....

    Puzz. x
    Originally posted by Puzzcat
    I know, I find I have to pinch myself some days...the end is in sight and I can't quite believe it

    Ellie x
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
    • Ellieseleven
    • By Ellieseleven 1st Sep 16, 6:08 PM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    This month sees our total debt dip under 4k to £3,967 which means I have paid back 91.40%

    This is a massive boost to me, knowing I have just under 10% left to pay and I have just checked Noddle and we are now 3/5 on our credit score. I know the score doesn't mean anything and it's the history that counts but still it all moving in the right direction

    I just need to be patient now, I really can't believe just how close I am to being debt free.

    The hardest months are coming up when OH has no work but this will be the last time I have to tighten my belt quite so much. The lessons I have learnt over the last 6 or so years have been invaluable and will stay with me for the rest of my life.

    Take care all

    Ellie x
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
    • Fortune Smiles
    • By Fortune Smiles 1st Sep 16, 6:56 PM
    • 2,081 Posts
    • 16,886 Thanks
    Fortune Smiles
    Well done Ellie - that's amazing progress!

    Fortune x
    Emergency Savings: 100% Mortgage: 25% remaining House Deposit Contribution: 36%

    "When you have only two pennies left in the world, buy a loaf of bread with one, and a lily with the other."
    • Eager_Elephant
    • By Eager_Elephant 2nd Sep 16, 7:45 AM
    • 3,623 Posts
    • 18,131 Thanks
    Eager_Elephant
    Well done Ellie


    Not long to go until your debt free life starts......
    Ninja Saving Turtle No. 23 for December
    NSD - 1/15
    (up to 1/12/16)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • carbootcrazy
    • By carbootcrazy 2nd Sep 16, 7:49 AM
    • 3,064 Posts
    • 17,706 Thanks
    carbootcrazy
    It's so close now, Ellie. You should be so proud of yourself especially as you've carried the burden for you and DH practically single-handedly


    Looking forward to the next inspiring instalment
    Make £10 A Day Challenge 2016: Jan-Nov:£2787.65: Dec:£61.27
    3-6 Months Emergency Fund Challenge #12: £620.00/£3000

    Original Debt: £56804 (@ LBM 02/13). Paid (on DMP): £29917. Balance: £26887
    Over halfway
    • Ellieseleven
    • By Ellieseleven 2nd Sep 16, 8:02 AM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    Thank you everyone for your kind words, they motivate me and help me to stay focussed

    I'm still grinning at the fact my debt is under 4k, heaven knows how I will be when I'm debt free

    Ellie x
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
    • Ellieseleven
    • By Ellieseleven 4th Oct 16, 5:19 PM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    Hello everyone,


    A step closer again this month to being free from debt I'm in touching distance of 3k


    On checking my Noddle account today, I have found 2 defaults have gone...Hooray


    I have also finished paying another CC so that's now 3 debts paid and 8 left to go. The remaining debts are all now in the hundreds of pounds rather than thousands


    Bit of a carp month car wise, I broke down on the motorway and had to be towed to a garage. Luckily, the cost of repair was less than I expected so that wasn't too bad but now the lights are causing a problem and I have to have the headlights replaced, the electrics have packed up so I can't open the windows and the air conditioning has stopped working I just hope it lasts me a while longer.


    Take care all
    Ellie x
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
    • carbootcrazy
    • By carbootcrazy 5th Oct 16, 9:50 AM
    • 3,064 Posts
    • 17,706 Thanks
    carbootcrazy
    Great news about the state of your finances, Ellie. Your excitement is contagious

    It must be wonderful to see the defaults fall off your credit file. It's a long while yet for mine to do so but I'm looking forward to it all the same

    Shame about your car troubles. You've certainly had a lot all on top of one another. At least you won't have had that awful feeling of panic when things like that happened in the bad old days when the existing debt was overwhelming.

    Here's to plain sailing now towards your DFD. It will be here before you know it
    Make £10 A Day Challenge 2016: Jan-Nov:£2787.65: Dec:£61.27
    3-6 Months Emergency Fund Challenge #12: £620.00/£3000

    Original Debt: £56804 (@ LBM 02/13). Paid (on DMP): £29917. Balance: £26887
    Over halfway
    • Ellieseleven
    • By Ellieseleven 6th Oct 16, 12:26 PM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    Thank you CBC,


    I found myself checking Noddle day after day to see if the first defaults had dropped off...it was such a good feeling when they finally did


    Headlights fixed now on my car and paid for in cash Fingers crossed it lasts me a bit longer now (although I find I don't trust it at the moment and I do a lot of motorway driving so it is a bit stressful).


    I notice you are halfway with your debt...Well done, that seems to have happened quickly. It's all downhill from here, you will be surprised how those totals start to tumble now


    Take care
    Ellie x
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
    • carbootcrazy
    • By carbootcrazy 6th Oct 16, 12:35 PM
    • 3,064 Posts
    • 17,706 Thanks
    carbootcrazy
    Thank you CBC,

    ......I notice you are halfway with your debt...Well done, that seems to have happened quickly. It's all downhill from here, you will be surprised how those totals start to tumble now


    Take care
    Ellie x
    Originally posted by Ellieseleven
    Thank you

    It would have happened even sooner had I not had massive unavoidable expenses earlier in the year and had to take 3 months on token payments. £40 a month towards debts instead of the £732 that I was paying extended my DFD a bit. I'm paying slightly less than £732 each month now I've revised my budget as the original amount was crippling. I'm still happy about where I'm at though
    Make £10 A Day Challenge 2016: Jan-Nov:£2787.65: Dec:£61.27
    3-6 Months Emergency Fund Challenge #12: £620.00/£3000

    Original Debt: £56804 (@ LBM 02/13). Paid (on DMP): £29917. Balance: £26887
    Over halfway
    • Ellieseleven
    • By Ellieseleven 6th Oct 16, 1:47 PM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    Thank you

    It would have happened even sooner had I not had massive unavoidable expenses earlier in the year and had to take 3 months on token payments. £40 a month towards debts instead of the £732 that I was paying extended my DFD a bit. I'm paying slightly less than £732 each month now I've revised my budget as the original amount was crippling. I'm still happy about where I'm at though
    Originally posted by carbootcrazy

    ...but you never know what may happen in the future. I managed to cut my DFD by 4 years plus over time. There will be highs and lows but let's hope the lows are few and far between


    Ellie x
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
    • carbootcrazy
    • By carbootcrazy 6th Oct 16, 2:36 PM
    • 3,064 Posts
    • 17,706 Thanks
    carbootcrazy
    ...but you never know what may happen in the future. I managed to cut my DFD by 4 years plus over time. There will be highs and lows but let's hope the lows are few and far between


    Ellie x
    Originally posted by Ellieseleven
    A big thank you, as always, Ellie, for your encouragement and wise advice
    Make £10 A Day Challenge 2016: Jan-Nov:£2787.65: Dec:£61.27
    3-6 Months Emergency Fund Challenge #12: £620.00/£3000

    Original Debt: £56804 (@ LBM 02/13). Paid (on DMP): £29917. Balance: £26887
    Over halfway
    • Ellieseleven
    • By Ellieseleven 18th Oct 16, 5:26 PM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    I logged into my SC account yesterday to find one of our BC accounts has been sold to Link Financials. We have had no notification of this happening from BC and as they have not defaulted us, this should not have happened.


    I rang BC but their agent was a waste of time, telling me AR markers are better than a default etc. etc. Anyway, I am now going to pursue this in writing. This was always something I intended to do once the debt was paid as 6 years plus AR markers would potentially show on our credit file for approx. 11 years.


    Not so long ago, I wouldn't have dared ring a predator, never mind argue the toss about AR markers


    Just shows how far I've come and all thanks to MSE
    Ellie xx
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
    • Eager_Elephant
    • By Eager_Elephant 18th Oct 16, 8:00 PM
    • 3,623 Posts
    • 18,131 Thanks
    Eager_Elephant
    DH has 2 debts with BC and he has had letters in the last few weeks about his debt being sold on. The first letter x 2 said they were selling the debt and 2 weeks later he got a letter from Link to say they have the debt and they will let him continue paying at the same rate.


    I'm with you on the AR markers, I read an article in the Daily Mail this week about people who have debt showing for 12 years rather than 6 years because of exactly the scenario you describe.


    I can't remember what was going to be done about it but of course the credit agencies just said they are reporting correctly.
    Ninja Saving Turtle No. 23 for December
    NSD - 1/15
    (up to 1/12/16)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • Eager_Elephant
    • By Eager_Elephant 18th Oct 16, 8:02 PM
    • 3,623 Posts
    • 18,131 Thanks
    Eager_Elephant
    Found it - http://www.thisismoney.co.uk/money/cardsloans/article-3698235/Credit-agencies-keeping-black-marks-borrowers-files-12-years-meaning-millions-turned-loans.html


    Sorry it was back in July (I am still reading newspapers from then!! I read the main stories on the day the paper comes and then read the rest at some point and I always end up with a backlog hence me reading July!!)
    Ninja Saving Turtle No. 23 for December
    NSD - 1/15
    (up to 1/12/16)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • Ellieseleven
    • By Ellieseleven 22nd Oct 16, 7:10 AM
    • 1,904 Posts
    • 5,668 Thanks
    Ellieseleven
    Thanks for the link EE, I always intended fighting the AP markers once my debts had been paid back as BC will be the only one left on my file (all the others have been defaulted and are starting to drop off). I'm going to write to BC and complain, I will let you know how I get on

    Ellie xx
    Lightbulb Moment 16/07/2010
    DFD - Nov 2021 Apr 2020 Mar2017 Mar2017- 59/136 130101 62
    46,200 1,978 95.72% paid off @Dec 2016 3 months left
    DMP mutual support thread member:385
    Saving for Xmas 2017 #1 £6/ £732
    DFBXMAS 2016 #18 £7,956/9,376 84.85%EF #142 - 390/1000
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