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    • GeorgianaCavendish
    • By GeorgianaCavendish 27th Jan 17, 5:30 PM
    • 513Posts
    • 2,305Thanks
    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 25
    • JoJoC
    • By JoJoC 7th Jul 17, 2:44 PM
    • 1,193 Posts
    • 3,709 Thanks
    JoJoC
    Wow, that's strange! I haven't come across that before but I haven't tried to cash out yet. Hope they get back to you soon, minus the bullsh!t that you typically get from these things. I also hope that you get a real human response other than a generic robot reply.

    How infuriating!
    CC1: 3,774.32/4,200 | CC2: 5,077/5,393 | Loan: 7,430/15,000
    Total: 16,292.57/20,032 Paid since Feb17: 3,739 or 18.66%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • GeorgianaCavendish
    • By GeorgianaCavendish 7th Jul 17, 2:55 PM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    Its the first I've heard of it too, but I did a quick google and saw they have tons of bad reviews on their Facebook site from other people who have experienced the same thing after cashing out. I think that I'll cut my losses on that one, hopefully I'll hear back from them and they'll send me the £10 but I don't want to waste my time doing more surveys for them if this will happen every time!
    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, 4:09 PM
    • 1,193 Posts
    • 3,709 Thanks
    JoJoC
    I've just cashed out an Amazon voucher with 120 points and it has let me complete the request so i'll keep you updated on how it goes/ if i get a similar message. It says I should have notification within 24 hours so shouldn't be long.

    I did two more surveys to get to the cash out point but it just reinforced that I really dislike that site and the surveys it carries so once I've cashed out I think i'll just stick to the ones I know and like.
    CC1: 3,774.32/4,200 | CC2: 5,077/5,393 | Loan: 7,430/15,000
    Total: 16,292.57/20,032 Paid since Feb17: 3,739 or 18.66%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • GeorgianaCavendish
    • By GeorgianaCavendish 7th Jul 17, 5:05 PM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    Well done on getting your voucher from them. I got a holding email saying responses can take 1-2 business days so lets see what happens ...

    I'm up to £14 on Prolific though
    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, 5:11 PM
    • 1,193 Posts
    • 3,709 Thanks
    JoJoC
    Brill! It's definitely worth it with PA!

    I've got £20.48 available and £34.90 pending I've also just cashed out a £15 Amazon voucher with Valued Opinions, leaving around £4 in there as a balance. It didn't take long to get to that mark. Just received it and added it to Amazon.

    Still no word from OO.
    CC1: 3,774.32/4,200 | CC2: 5,077/5,393 | Loan: 7,430/15,000
    Total: 16,292.57/20,032 Paid since Feb17: 3,739 or 18.66%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • JoJoC
    • By JoJoC 9th Jul 17, 5:14 PM
    • 1,193 Posts
    • 3,709 Thanks
    JoJoC
    Just wanted to update you on the Oo status - I just received a £6 voucher from them and uploaded it successfully to my Amazon account.

    Hope you get clarification from them soon. Enjoy your Sunday!
    CC1: 3,774.32/4,200 | CC2: 5,077/5,393 | Loan: 7,430/15,000
    Total: 16,292.57/20,032 Paid since Feb17: 3,739 or 18.66%

    Mummy of two boys - Working hard to make better financial choices!
    *My debt busting and savings diary*
    • Hiddenidenity
    • By Hiddenidenity 9th Jul 17, 7:35 PM
    • 4,745 Posts
    • 20,657 Thanks
    Hiddenidenity
    Hope OO have got back to you?

    hope you've had a lovely weekend x
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • GeorgianaCavendish
    • By GeorgianaCavendish 10th Jul 17, 10:33 AM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    Just wanted to update you on the Oo status - I just received a £6 voucher from them and uploaded it successfully to my Amazon account.

    Hope you get clarification from them soon. Enjoy your Sunday!
    Originally posted by JoJoC
    I'm glad that it has worked for you!

    Hope OO have got back to you?

    hope you've had a lovely weekend x
    Originally posted by Hiddenidenity
    They've sent me another holding email saying that their team are looking into it ... fingers crossed!
    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 10th Jul 17, 10:52 AM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    Interim July Debt Totals
    Happy Monday everyone! I wanted to update my debt totals as I've been shifting things around over the past couple of weeks and now that I've had my July statements I can give a better picture of where everything is (I usually do this at the end of the month to take into account any over payments made, so I'll update again on the 31st)

    Total debt (excluding Student Loan) is £25,687.86

    HSBC Personal Loan : £11,362.14
    Interest rate 8.9%, 30 payments left

    Credit Card Balances

    MBNA £8610.53
    Breakdown as follows
    £264.47 @ 10.9% (rate ends November 2017) will definitely clear this before the promo rate ends
    £6015.42 @ 10.9% (rate ends May 2018)
    £1670.03 @ 6.9% (rate ends July 2019) balance transfer from Barclaycard
    £660.61 @ 6.9% (rate ends July 2019) money transfer to clear catalogue debt



    Barclaycard £4,458.69
    Interest rate 18.6%
    Will need to make sure that I make a manual payment because the balance transfers will 'cancel out' the July DD

    Tesco £997.50
    Interest rate 0%, promo rate ends September 2019
    Must remember to make a manual payment in July as I changed my statement date to align better with my paydays, DD set up from August only

    Furniture Finance £259
    Interest rate 0%, 2 payments left

    I have paid off 28.5% of my total debt

    I'm feeling really encouraged by the recent balance transfers, I've managed to shift £997.50 onto 0% and move £2330.64 onto 6.9% (a reduction of over 11% interest) which will really help with shifting this debt faster. I'm on course for 30% repaid by the end of August
    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 10th Jul 17, 4:21 PM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    £25 from Prolific sent to Circle, my first time using Circle but so far everything seems to be ok.
    No further contact from Opinion Outpost regarding my terminated account

    I've been called about a focus group on Wednesday evening, the incentive is £40. Waiting for a call back to confirm, fingers crossed that comes off!
    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)
    • Honeysucklelou2
    • By Honeysucklelou2 10th Jul 17, 4:56 PM
    • 375 Posts
    • 1,108 Thanks
    Honeysucklelou2
    That's great progress GC well done.
    paydbx #90 £325/£10,000.
    365 day penny challenge £37.66/£667.95
    Loan £17k - paid off in Aug 2017. Home improvement loans £3342 March 2017
    • Treadingonplaymobil
    • By Treadingonplaymobil 10th Jul 17, 7:50 PM
    • 932 Posts
    • 7,926 Thanks
    Treadingonplaymobil
    Wow, you're doing amazingly well with the repayments! Give yourself a big pat on the back.
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017/DFD: £58,608.13/1st Dec 2026
    debt on 2nd Aug 17/DFD: £55,011.96/1st May 2025
    • GeorgianaCavendish
    • By GeorgianaCavendish 11th Jul 17, 8:40 AM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    That's great progress GC well done.
    Originally posted by Honeysucklelou2
    Wow, you're doing amazingly well with the repayments! Give yourself a big pat on the back.
    Originally posted by Treadingonplaymobil
    Thank you both so much!
    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)
    • Hiddenidenity
    • By Hiddenidenity 11th Jul 17, 8:41 AM
    • 4,745 Posts
    • 20,657 Thanks
    Hiddenidenity
    Good morning

    Some amazing progress going on in here

    Have a lovely day x
    DFW £1313.71/£7348.71 Rent Arrears £466.28/£3381.28

    Rock bottom became the solid foundation on which I rebuilt my life.
    • GeorgianaCavendish
    • By GeorgianaCavendish 11th Jul 17, 8:46 AM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    Email from Lloyds this morning saying that my application for the balance transfer card was successful, so now waiting for the card to arrive. I should be able to do another balance transfer from Barclaycard this month
    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)
    • Chandelier.
    • By Chandelier. 11th Jul 17, 9:03 AM
    • 492 Posts
    • 1,338 Thanks
    Chandelier.
    Georgia you've made great indents to your debt and well done on the balance transfers . Is the Lloyds balance transfer 0%?

    I bet you feel amazing for what you've achieved. One tip re manual payments, set a reminder in your phone diary so you don't forget or pop it on the calendar .

    I always make manual payments on my debts as I'm not sure how to set them up for the 1st of each month direct debit wise. Maybe I should look into this or maybe a standing order..

    Have a nice day!
    Check out my Diary
    • GeorgianaCavendish
    • By GeorgianaCavendish 11th Jul 17, 9:08 AM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    Georgia you've made great indents to your debt and well done on the balance transfers . Is the Lloyds balance transfer 0%?

    I bet you feel amazing for what you've achieved. One tip re manual payments, set a reminder in your phone diary so you don't forget or pop it on the calendar .

    I always make manual payments on my debts as I'm not sure how to set them up for the 1st of each month direct debit wise. Maybe I should look into this or maybe a standing order..

    Have a nice day!
    Originally posted by Chandelier.
    Thank you!
    Yes, Lloyds is 0% too
    Good tip for the calendar reminders, I will do that now!
    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)
    • Chandelier.
    • By Chandelier. 11th Jul 17, 9:20 AM
    • 492 Posts
    • 1,338 Thanks
    Chandelier.
    That's fantastic you've another 0% deal . I find the more you pay off the better deals you get.

    Yes definitely get it down on your calendar, less likely to forget then. Or pop into diary if you have one. Or just pop a reminder everywhere lol.
    Check out my Diary
    • GeorgianaCavendish
    • By GeorgianaCavendish 11th Jul 17, 12:12 PM
    • 513 Posts
    • 2,305 Thanks
    GeorgianaCavendish
    I'm so pleased that I was able to get another 0% ... I'm impatient to get the card now!

    £25 from Prolific has hit my Circle account and I've just done a cash out so should be seeing that in my bank by the end of the week.
    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)
    • EssexHebridean
    • By EssexHebridean 11th Jul 17, 12:35 PM
    • 7,774 Posts
    • 40,236 Thanks
    EssexHebridean
    Great work all round there then - you're doing so well at this!
    MORTGAGE FREE 30/09/2016
    Sainsbugs 0% card: 22/12/16 £1229.00/£504.92 (29/08/17)
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