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    • Ellieseleven
    • By Ellieseleven 16th Jul 10, 1:13 PM
    • 2,077Posts
    • 6,723Thanks
    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!!
    Debt Free 1st March 2017
    Saving for Xmas 2017 #1 £436/ £732
    DFBXMAS 2017 #18 £1978/1,978 100%
    EF #142 - 898/1000
Page 37
    • carbootcrazy
    • By carbootcrazy 20th Apr 17, 7:43 PM
    • 3,733 Posts
    • 20,969 Thanks
    carbootcrazy
    Debt Free 1st March 2017 in your signature looks sooooo good, Ellie


    I hope you're getting used to your debt free life and able to enjoy every minute of it
    Make £10 A Day Challenge 2017. Jan-June: £1811.59 July: £153.02
    3-6 Months Emergency Fund Challenge #12: £1900.00/£3000. This is such hard going but I will do it.

    Original Debt: £56804 (@ LBM 02/13). Paid : £32316. Balance: £24488
    . These figures are completely out of date, must get them organised.
    • Ellieseleven
    • By Ellieseleven 5th May 17, 3:25 PM
    • 2,077 Posts
    • 6,723 Thanks
    Ellieseleven
    Debt Free 1st March 2017 in your signature looks sooooo good, Ellie


    I hope you're getting used to your debt free life and able to enjoy every minute of it
    Originally posted by carbootcrazy

    Hello CBC,


    I'm still adjusting to having money and it is a very strange feeling. I think we have had to do without for so long that I'm having difficulty spending (not something I thought I would ever say lol).


    I hope things are good with you


    Ellie x
    Debt Free 1st March 2017
    Saving for Xmas 2017 #1 £436/ £732
    DFBXMAS 2017 #18 £1978/1,978 100%
    EF #142 - 898/1000
    • Ellieseleven
    • By Ellieseleven 5th May 17, 3:32 PM
    • 2,077 Posts
    • 6,723 Thanks
    Ellieseleven
    So month 2 of being debt-free and I'm still trying to adjust. I find I have a knot in my stomach when spending anything and a little voice saying "can you afford that?" I think I have been conditioned for so long that it will take time to be comfortable when buying things that are not budgeted for


    My elusive emergency fund is almost at £1,000 finally and I now have several Savings "pots" - I'm enjoying watching those balances grow


    I'm still working to a budget and haven't had the urge to go on a mad spending spree but I have bought some new bedding


    Take care and keep debt-busting


    Ellie x
    Debt Free 1st March 2017
    Saving for Xmas 2017 #1 £436/ £732
    DFBXMAS 2017 #18 £1978/1,978 100%
    EF #142 - 898/1000
    • Ellieseleven
    • By Ellieseleven 6th Jul 17, 9:37 AM
    • 2,077 Posts
    • 6,723 Thanks
    Ellieseleven
    Thought I would update my diary with my progress post-debt


    We've now had 3 months debt-free and I can't believe how much money I have left at the end of the month. I haven't changed my habits learnt during my DMP so I don't go on spending sprees and pretty much live the same but it is wonderful not to worry about money.


    We are busy doing the house up getting it ready to sell so I have been spending money there but I have been able to save along the way and my ever elusive emergency fund now stands at just short of £900 so almost at my target of 1k. I have set up various other savings accounts and have an ISA and a wedding fund for my daughter (just in case).


    I have bought a nearly new car but this is well within my budget and although my old car got me through the DMP, it had started to let me down. As I drive as part of my job, I had to have a reliable car (that's my excuse anyway). I was very nervous when applying but the loan went through with no problem and I got a great rate of interest


    All of our defaults have dropped off our credit file and our credit rating was showing as good. I'm registered with Noddle, Clearscore, Martins credit club etc. and all were saying I could improve my credit score if I applied for a CC. I didn't really want to and I know credit scores are meaningless but I decided to apply just to see what happened...I got offered a credit limit of £8.5k - this is ludicrous, seeing as I have only just cleared a whopping amount and my credit rating was trashed. What a dangerous game this is for someone who may not have the strength to resist For me, I just remind myself what I have achieved and how I felt when struggling with so much debt so thank you but No thank you and I'll live with my "good" rather than "excellent" credit rating


    Strange, in a way but I do miss updating my spreadsheets to see the debt dropping and checking the credit reports every month to see the progress I had made. Given a choice though, I definitely don't want to go back to those days.


    I hope you are all making progress in your own battle with debt. Take it from me, it will be so worth it!


    Take care


    Ellie xx
    Debt Free 1st March 2017
    Saving for Xmas 2017 #1 £436/ £732
    DFBXMAS 2017 #18 £1978/1,978 100%
    EF #142 - 898/1000
    • carbootcrazy
    • By carbootcrazy 6th Jul 17, 10:24 AM
    • 3,733 Posts
    • 20,969 Thanks
    carbootcrazy
    Lovely to hear from you again, Ellie, and to read such an upbeat post. I'm absolutely delighted that life is so good for you at the moment, you so deserve it


    I'm still trudging along trying to become debt-free but at the end of last year I decided to apply for one of those credit cards that are supposed to help repair credit histories. Obviously with my credit rating (still very poor on Noddle despite paying off a lot of debt) I wasn't going to get much. I did get something though and as the credit limit is only £500 I'm hardly going to go mad with it and spend, spend, spend


    I've set up a DD to pay the balance in full each month (no more going back to the bad old days of minimum payments which, even then, I could barely scrape together). I use it purely for things I have to buy each month anyway such as petrol, and I hope eventually my good repayment habits will be reflected on my credit file. Like you, though, I never intend to have access to lots of credit in the future. My fingers have been well and truly burned.


    I have CCA'd all my debts and one has come back as unenforceable. There's another one that I'm hopeful for too. I'm too much of a wimp to just stop paying and walk away from unenforceable debts as some on the DMP support thread recommend so I'll try and negotiate a really silly, low repayment figure in a few months time and hopefully save myself some money and decrease my total debt balance. I'm managing my DMP myself at long last. Only took me 4 years to gain the courage. Trust me, Ellie, it's not you that's the wimp but me


    I'll look forward to reading the next instalment of your happy debt-free life. Thanks for sharing. Take care
    Make £10 A Day Challenge 2017. Jan-June: £1811.59 July: £153.02
    3-6 Months Emergency Fund Challenge #12: £1900.00/£3000. This is such hard going but I will do it.

    Original Debt: £56804 (@ LBM 02/13). Paid : £32316. Balance: £24488
    . These figures are completely out of date, must get them organised.
    • Eager_Elephant
    • By Eager_Elephant 7th Jul 17, 8:16 AM
    • 3,960 Posts
    • 20,984 Thanks
    Eager_Elephant
    Can't believe how much life has changed for you in the last few months.

    Are you selling to downsize or are you and DH going your separate ways?

    Can't believe that a credit card would offer you such a large limit - that could be a recipe for disaster for most people.

    I am still not battling much of my own debt but have been trying to sort DH's debt out and he has paid off his smallest debt and part way to the next - am hoping this will look good when we apply for a mortgage later this year.
    Ninja Saving Turtle No. 4 for July
    NSD - 11/16
    (up to 21/7/17)
    My Diary is here - http://forums.moneysavingexpert.com/showthread.php?t=2175629 (Eager Elephants Effective Everyday Excursion)
    • CP2016
    • By CP2016 9th Jul 17, 2:04 PM
    • 76 Posts
    • 148 Thanks
    CP2016
    Hi Ellie, thanks for the update - glad to see that all is going well on the other side
    “Have nothing in your house that you do not know to be useful, or believe to be beautiful.”
    Wiliam Morris
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