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    • GeorgianaCavendish
    • By GeorgianaCavendish 27th Jan 17, 5:30 PM
    • 513Posts
    • 2,344Thanks
    GeorgianaCavendish
    Small Steps Out Of Massive Debt!
    • #1
    • 27th Jan 17, 5:30 PM
    Small Steps Out Of Massive Debt! 27th Jan 17 at 5:30 PM
    Hi Everyone,

    I'm so glad that I've found this website because I really need to get serious and DO SOMETHING about my debts. I thought that keeping a diary on this forum would keep me accountable.

    I have taken stock and I have over £35,000 of personal debt on loans and credit cards, which does not include my Student Loan (around £18,000 but I need to check the last statement). I have no savings at all and am living pay day to pay day. I have a pension, which is probably the only semi-financially responsible thing I've done in my whole life.

    I have always had a problem with spending money. I never knew when it was time to stop spending. The idea of a budget was a foreign concept. I'd spend until everything had gone, whether that was my wages, student loan payments or birthday money. I go through phases of pretending to be responsible and looking at debt consolidation, but what usually happens is that I don't close the old accounts so a few months down the line I end up spending money on the cleared card.

    I know that I need to sort out my spending and to take a brutal look at the state of my finances and what I spend money on. I need to stop seeing credit limits as targets to reach (!!!!) and start seeing them for what they are - invitations to get into debt!

    This is what I have outstanding:

    £13000 on personal loan
    £10500 Barclaycard
    £8000 MBNA
    £2500 HSBC
    £870 on catalog
    £800 left on furniture (this one is interest free, there are 9 repayments left)

    I've been reading the advice for newbies threads so this weekend I am going to go through my last bank & cc statements with a fine tooth comb to work out what I am spending money on, and I'm going to find out the interest rates on all my credit accounts.

    Thanks for reading and wish me luck!


    PS. My forum name is from a Duchess in the 1700s. She was so bad with money that after she died her husband found out she was around 4 million pounds in debt. Sadly I could imagine this happening to me if I had access to that much credit
    Last edited by GeorgianaCavendish; 07-03-2017 at 3:31 PM.
Page 24
    • EssexHebridean
    • By EssexHebridean 3rd Jul 17, 5:21 PM
    • 8,013 Posts
    • 41,448 Thanks
    EssexHebridean
    The way you're going, I can't see why you wouldn't be able to!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£544.67 (17/10/17)
    • JoJoC
    • By JoJoC 4th Jul 17, 11:04 AM
    • 1,234 Posts
    • 3,926 Thanks
    JoJoC
    It's fantastic to have a goal like that to strive towards! I have no doubt that you can do it
    CC1: £3804.52 / £3704.32 £100.20 paid | CC2:£5027.53 / £4927.48 £100.05 paid | Loan: £15,000 / £13,932.24 (£1067.76 paid)

    July debt total: £23,832.05 | New debt total: £22,564.04 | Total debt paid: £1,268.01 (5.3%)
    *My debt busting and savings diary*
    • GeorgianaCavendish
    • By GeorgianaCavendish 4th Jul 17, 1:20 PM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    Money transfer has gone through so I've paid £660 off the catalogue today - it will take 3 working days to "show up on their systems" apparently :hmm:

    Done a bit of admin and changed my Tesco statement date so that the direct debit payment aligns with my payday. The balance transfer is pending, should go through tomorrow. Then I will see where I am with MBNA balance and will then transfer some more from Barclaycard to MBNA using the no fee promo rate.

    I'm still waiting for the bank statement so I can submit with my proof of ID to Lloyds.

    I've got 150 points on Opinion Outpost (50 more needed to cash out £10) and £8.95 pending on Prolific (need £20 to cash out fee free). I've signed up to Circle so that I can get the Prolific cash out with no fee when it happens.
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 4th Jul 17, 1:20 PM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    The way you're going, I can't see why you wouldn't be able to!
    Originally posted by EssexHebridean
    I hope so!
    It's fantastic to have a goal like that to strive towards! I have no doubt that you can do it
    Originally posted by JoJoC
    Thank you
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • Naomim
    • By Naomim 4th Jul 17, 2:12 PM
    • 1,220 Posts
    • 2,885 Thanks
    Naomim
    It is helping to keep motivation up, I've just done a quick snowball calculation inputting the figures balance transfers I've already initiated. That knocks two months off my DFD!


    My DFD is Sept 2020. Ideally I'd like to get this down to Jan 2020 because that is when my personal loan ends. Actually Dec 2019, so that I could start 2020 completely debt free!
    I don't know if it is even possible to shave another 10 months off my DFD but it is something to aim towards!
    Originally posted by GeorgianaCavendish
    The more your debt comes down, you keep up payments, the more you will be offered 0% interest which will always help decreasing the debt. The only problem is the fees they charge to transfer a debt but I guess they have to make some money somewhere.

    They way you are going, I bet you could knock 10 months off.

    Naomi x
    CC's Nov16 £18,609.97 / Jun17 £21032.03 Overdraft 06/17 £4577.44 07/17 £4505.35
    Aiming for a debt free date: April 2024
    £2 savings club #26 lost count but still collecting!
    Here's my diary: A Ditherer's Diary Again
    • Chandelier.
    • By Chandelier. 4th Jul 17, 2:21 PM
    • 497 Posts
    • 1,351 Thanks
    Chandelier.
    Sounds as if you're doing well and being extra organised
    • hex2
    • By hex2 4th Jul 17, 4:28 PM
    • 4,683 Posts
    • 79,661 Thanks
    hex2
    Re prolific - you can install an extension on google chrome that checks for changes on website every x minutes and then does a pop up to tell you that the page has changed - in this case the surveys available page. I use one called 'visualping' which someone mentioned over on the up your income board.

    Hope this helps!
    'If you have a garden and a library, you have everything you need' Marcus Tullius Cicero
    • kirtsypoos
    • By kirtsypoos 4th Jul 17, 8:57 PM
    • 2,982 Posts
    • 13,289 Thanks
    kirtsypoos
    Sorry GC just butting in to say thanks hex - that's amazing, I never knew anything like that existed!
    £450/3000 OH BC(85% PAID)
    PAID VERY, Barclaycard x2, Vanquis, Natwest, O/D, Tesco & MBNA x2 PAID LBM 24/07/15 - Debt: £450/31010.23 (98.54% paid)
    Mortgage - £161,950.00 (2017 O/P £1774.74) PAYDBX 17 #006 - £16241.98/14,539.71
    • GeorgianaCavendish
    • By GeorgianaCavendish 5th Jul 17, 8:31 AM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    The more your debt comes down, you keep up payments, the more you will be offered 0% interest which will always help decreasing the debt. The only problem is the fees they charge to transfer a debt but I guess they have to make some money somewhere.

    They way you are going, I bet you could knock 10 months off.

    Naomi x
    Originally posted by Naomim
    I selected the Tesco card because it didn't have a balance transfer fee and my latest offer from MBNA is also fee free but I got caught with a fee back in May/June which knocked out my overpayments for the month, so definitely something to consider!

    Sounds as if you're doing well and being extra organised
    Originally posted by Chandelier.
    Thank you, I'm trying
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 5th Jul 17, 8:31 AM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    Re prolific - you can install an extension on google chrome that checks for changes on website every x minutes and then does a pop up to tell you that the page has changed - in this case the surveys available page. I use one called 'visualping' which someone mentioned over on the up your income board.

    Hope this helps!
    Originally posted by hex2
    Oh wow! That is brilliant, thank you for sharing that Hex

    Sorry GC just butting in to say thanks hex - that's amazing, I never knew anything like that existed!
    Originally posted by kirtsypoos
    Feel free to butt in, it IS amazing!
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • another casualty
    • By another casualty 5th Jul 17, 3:07 PM
    • 2,968 Posts
    • 4,746 Thanks
    another casualty
    Hey Georgina !

    I've found your thread. I will be doing some catching up on here ,and one or 2 others . I've been a bit slack as you've been to visit me quite a few times

    Wishing you the very best and will chip in more often when I catch-up

    • GeorgianaCavendish
    • By GeorgianaCavendish 6th Jul 17, 12:43 PM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    Hey Georgina !

    I've found your thread. I will be doing some catching up on here ,and one or 2 others . I've been a bit slack as you've been to visit me quite a few times

    Wishing you the very best and will chip in more often when I catch-up

    Originally posted by another casualty
    Hi AC! Thanks for stopping by Looking forward to chatting more here - and there! - in the weeks to come
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 6th Jul 17, 12:49 PM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    Balance Transfers
    The MBNA-Tesco and Barclaycard-MBNA balance transfers have all gone through, as well as the money transfer to my catalogue account. I'm waiting for my newest MBNA statement before doing an interim debt total update because the balances have shifted around quite a lot. My statement is due on the 8th July, so realistically the update won't be until Monday or Tuesday next week.

    Still no sign of the bank statement needed for the Lloyds ID verification, hopefully it will have arrived today so I can take my docs in to a branch tomorrow.
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 6th Jul 17, 12:52 PM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    Oh, but good news ... after the MBNA-Tesco balance transfer and the payments I made during June, I've been able to get rid of the 10.9% tranche expiring on 9th Oct 2017 and have got the second tranche down from £995.20 to £235.72. I feel very confident that I can pay that off before the 8th Nov 2017 expiry and can then turn my attention to that 18.6% Barclaycard debt!
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • GeorgianaCavendish
    • By GeorgianaCavendish 7th Jul 17, 10:37 AM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    Bank statement finally arrived So I'll be heading off to Lloyds at lunchtime to get my paperwork submitted.
    Hoping to be able to cash out some money from Opinion Outpost today, I only need 5 more points to reach the £10 cash out.
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • JoJoC
    • By JoJoC 7th Jul 17, 11:13 AM
    • 1,234 Posts
    • 3,926 Thanks
    JoJoC
    How do you find Opinion Outpost, GC? I get screened out of quite a few and I find it a bit clunky... it seems to have taken ages to get anywhere near payout! I can't decide whether to stick with it or focus time on others.

    Hope you have a lovely Friday!
    CC1: £3804.52 / £3704.32 £100.20 paid | CC2:£5027.53 / £4927.48 £100.05 paid | Loan: £15,000 / £13,932.24 (£1067.76 paid)

    July debt total: £23,832.05 | New debt total: £22,564.04 | Total debt paid: £1,268.01 (5.3%)
    *My debt busting and savings diary*
    • GeorgianaCavendish
    • By GeorgianaCavendish 7th Jul 17, 12:18 PM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    How do you find Opinion Outpost, GC? I get screened out of quite a few and I find it a bit clunky... it seems to have taken ages to get anywhere near payout! I can't decide whether to stick with it or focus time on others.

    Hope you have a lovely Friday!
    Originally posted by JoJoC
    Hey JoJo, at first Outpost was rubbish for me and I didn't get any invites at all. I'm screening out of lots of them but I'm completing between 3-5 surveys a day with them.
    I had a day off last week while waiting around for an engineer to show up and I managed to get loads of surveys done!

    I think it is worth switching your focus to different sites if you haven't had much luck though. I used to get the majority of my surveys through UK Surveys but I haven't had anything from them for months. Last week I cashed out all my points with them because I was worried that they might shut down & I'd lose them!
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
    • JoJoC
    • By JoJoC 7th Jul 17, 12:36 PM
    • 1,234 Posts
    • 3,926 Thanks
    JoJoC
    Yeah, I think that's a good plan. Right now I'm getting decent amounts of surveys from Prolific Academic, Valued Opinions and a consistent amount from Onepoll so i think i'll just stick with those and tap into Opinion Outpost when I get the chance. I do want to make sure I get to cash out on what I've already done so i'll check it out today.

    Thanks
    CC1: £3804.52 / £3704.32 £100.20 paid | CC2:£5027.53 / £4927.48 £100.05 paid | Loan: £15,000 / £13,932.24 (£1067.76 paid)

    July debt total: £23,832.05 | New debt total: £22,564.04 | Total debt paid: £1,268.01 (5.3%)
    *My debt busting and savings diary*
    • Hiddenidenity
    • By Hiddenidenity 7th Jul 17, 1:32 PM
    • 5,066 Posts
    • 23,201 Thanks
    Hiddenidenity
    Sorry for stepping in but Panelbase is another good site, not for making millions obviously but a steady pace of invites and reliable for payout x
    DFW £1388.71/£7348.71 Rent Arrears £511.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • GeorgianaCavendish
    • By GeorgianaCavendish 7th Jul 17, 2:27 PM
    • 513 Posts
    • 2,344 Thanks
    GeorgianaCavendish
    WELL! I got to 210 points on Opinion Outpost, so went to redeem 200 for £10 Paypal and immediately got a message saying my account had been terminated for violating their T&C! I had a skim through their T&C and can't see anything that would have been a violation. I've emailed them but will wait and see.

    Has anyone else had this problem??
    Georgiana, Duchess of Debt-shire's July 2017 Debt Totals: HSBC Loan £11,362.14 / MBNA £3318.34 / Barclaycard £6360.70 / Lloyds £3560 / Tesco £972.50/ Dreams £259

    And don't forget the Student Loan! £10,765.93 (April 2017)
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