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Moved: My life is in tatters. I'm in £50k debt. Help!
This discussion has been moved.
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Old debt
Hello, does anyone have any advice for me please? I took out a loan with Barclays eight years ago when I was having mental health problems. I managed to negotiate just paying a pound a month so obviously the debt is the same now. I have written to them several times making offers of full and final settlement (less than the…
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Positive Balance: Focused on Budgeting
Hello everyone and happy New Year! I'm back. A bit shamefacedly, but here I am. :o I shuffled off to the MFW boards once I bought my house 2 years ago, shiny-faced, naïve and hopeful that I would be able to debt-bust and overpay my mortgage all at the same time. Then reality hit and I needed to repay a large chunk of my…
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For a minute there, I lost myself...
Hi and thanks for stopping by my diary! I have lurked here for years. The diaries board has really helped me to feel capable and inspired to sort out my debt and general money management issues over the last few years. I’m happy to report that since mid 2018 I’ve paid off over £9000+ debt (credit cards) and I’m now in a…
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Debt free before 2023...
I’ve read a number of these debt free wannabe diaries having been lurking on these boards for a while and thought it was time to start my own! We're a family of 4 in our mid-30s with two young daughters (2 and 5). I have a good career and we made a decision when our youngest was due that my wife would stay at home for a…
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Mistakes in the past
I have a lot of debt (so low credit score). I earn a decent salary and live on as little as I can. The loans I have are extremely high interest. I’ve managed to pay some off but I just seem to not be getting anywhere most of my wages are going to debt. Can anyone advise?
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Paying the car tax via EBay, and other shenanigans.
So the title will become obvious later, but I figured I need a diary. It's my first. It is mainly to keep me focused but maybe someone will read it too. Here's hoping! Stealing from another diary, I have decided my debts need paid off by my 40th, which is in 7ish months! It might not be completely achievable but I'm…
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When the bottom line figure is scary! But you have to start somewhere
Happy weekend everyone, This is my first thread on here but I have been a serial lurker for a while now. However, yesterday I decided enough was enough and I actually sat down and listed all of our debts. It was probably the scariest thing I have done, but do you know what, because I feel like I have some sort of plan now…
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On my way to freedom.
I have not been on this forum for many years. Sorting through some old paperwork I found my logging in details and after a change of password here I am. In my last diary I wanted to be debt free by the time I was 50, well 50 has come and gone! I am heading for my 52nd birthday in a few months time and I still have a large…
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Chipping away
First step in my debt free diary but 18 months in to my dmp. Its not as scary as I first thought, I've chipped away from 45000 to 34500 in 22 months working with step change paying off any extra I could but also paying off one of my debts at a reduced rate. I should be mortgage free in September 2023 and will then have…
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Last £5000 to clear
I have had a diary for nearly 2 years and when I started I had over £15,000 of debt and I was feeling completely overwhelmed. I had 2 maxed out credit cards (£5500), 2 overdrafts (£1750), a loan (which was £13,000 when it started) and 2 store cards (£500). This came about from .... 1) Overspending on things I didn't need…
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Chalk and cheese - paying off £27000 in debt.
Hey everyone, Thanks for stopping by. This is a new thread for me as Iv closed my old one after achieving debt freedom and then gaining more debt after a wedding, car and now a house. We are a married couple in our 30's with an overall income of £60,000 a year looking to pay off our £27,000 of debt within the next 2/3…
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£16,000 debt, turning regret into positive action.
So here i finally am, writting my debt free journey out for you all to read. I had my LBM back in febuary when i finally relised that my attempts to be debt free were failing me. I had just purchased alot of holidays and spent alot of money redecorating, i soon relised i was undoing all my hard work. When i relised…
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New Life Pending.....
Here it is, my attempt at debt busting, learning to budget and create a saving pot! Im hoping this diary will help me, and enable me to get some tips along the way. Now ive actually started looking at money (like i should of done years ago) Im shocked at home much money ive just wasted. I literally did not think twice…
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Countdown from 47k...
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Debbie's Debt Free Diary
I am 30 years old, over the years I have racked up a lot of debt - just through being careless and I am entirely to blame - but it started out small just overdrafts and I kept getting offered more and more credit and it just snowballed really. Mainly shopping, going out - really stupid material things. As it racked up and…
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Paying of debt and cancelling credit cards
After being in debt all of my adult life, I am nearly debt free!!!!I never Want to get back in this position but also, I want my improved position to be reflected in my credit score - which is good now but I think reflects that most of my credit cards have a £10k limit, cancel the cards or not?
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Single income, simple goal
removed by member
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Well that’s one way for my dreams to come true
Hello, So like everyone else in the world the last few weeks have been very trying, very trying. In March we secured 15K to sort out a subsidence issue with our property (our first and hopefully last home), which we never knew when we bought the house coming on 5 years ago. The works only really started last month and well…
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LBM 4 years into DMP...Time to get real
Hi! I'll confess I am a lurker, I don't post often but I do have a good old nosey around posts across loads of different boards. A bit about me...I have been in a DMP with stepchange since 2014. My (soon to be ex) husband stopped working and we had to rely on my income alone, this meant defaulting on a number of debts…
