NEW - pay off £20,000 (ish) by Christmas 2009

Batfink

In_Search_Of_Me wrote: »

the barstweards at egg! I sooo want to get rid of them and will look forward to closing the account...nasty pasties.

That's the same logic that I work with - whichever lender has been the most vile to me has to be paid off first, so that they earn as little interest as possible!

Good luck
x

richestorags_2

Hi all,

My girlfriend is now 21 weeks preggers, and the second scan tells us we are 90% sure of having a baby girl.....I have decided being a responsible male that she won't be allowed out until she is at least 25!!

As the time is drawing near, I have written to my car finance company toput the wheels in motion to voluntarily terminate my agreement with them, as a two seater car is no good for a child and a g/f that doesn't drive (unless I strap one of them to the roof rack). When this all takes affect, my car debt will be gone......and I will (albeit cheatingly) be closer to my target!

lemma1968

Thats anther £200 off my debt. Sig updated.

Congratulations richestorags.:T

Batfink

richestorags wrote: »

As the time is drawing near, I have written to my car finance company toput the wheels in motion to voluntarily terminate my agreement with them

Congratulations on the baby.

How does voluntary termination work? I've heard people speak about it before but never fully understood.

Thanks
x

richestorags_2

Thank you both.

According to my agreement Batfink, I am able to voluntarily terminate my HP agreement as long as half of the original amount owed has been paid (which it has). Therefore I just give the car back to the finance company and call it quits.

As my car isn't worth as much as is owed, it is the most prudent way for me to do it.

jexysbird

Everyone is doing really well! Keep it up, every little bit counts and between us all I think we could beat the £1m target! We are literally throwing everything at the mortgage, and it all mounts up, so if you can only manage a small amount - it will still reduce the debt!:T

Just paid off a lump sum of £1700.27 today. Have updated signature. Hopefully will be able to add a little bit more to this with Ebay sales that are ending soon.

lemma1968

Blimey there are some big totals at the mo - its fab.:j

Today I have managed another £100 and my sig has been updated to reflect it.

Have a great day everyone x:D

sarahs999

Just popped in to see how it's going - good stuff people! We're quarter of the way at the end of this month. Are you quarter of a way to your target? I know I'm not, but then, it was always an ambitious target for us. Will keep plugging away though! More will be paid on Friday when my salary comes in adn I can use this month's leftover savings to pay a chunk.

gailey_2

Many aopolgies for not posting in ages im still doing challange but 2009 be hard year so far.

Found out we expecting bbay no 2 so been quite sick.
Ebay been rubbish and really slwo nothing selling but fees growing.
managed to pay off £110 since last posted so will update my signature accordingly.

I will be paying off £300 this month to get my od back within its limits yay no more charges.Also means wil be able to access the £80 child benefit I havent been able to touch in 6months as trying to keep barclays happy!
Had problem with my main bank account as went 47p od with Lloyds tsb and they charges me £35 unauthorised od fee!

really wnat to focus on paying off mr barclaycard as thats highest interest rate followed by baraclays od so will keep selling.
Cant wait to carboot again as ebay so rubbish.
Need to start enetering more comps and doing dooyoo again.

well done on everyones progress hypno sig changes you soon be sub 30k before you know it!

I just get so frustated that cant pay off sooner but at least bills being paid which is main thing and we living within our means.

I think i can maybe clear mine by xmas but not sure about hubbys will have to see.

novagirl

Congratulations on all the posts about new little babies on their way!

I've paid another £50 off today and still waiting on my large cheque to come through the post so I can pay some more!