Wahey Credit Cards Paid Off

Kruger

Been lurking here since last May, when I had a my flickering lightbulb moment, just before all the lights were finally about to go out, I realised I had to sort my finances out,
Was coming to the end of my 3rd year at uni, with 1 more year to go, and had amassed £3600 on Barclaycard, 2 student overdrafts totalling £3000, and had just started a part time job earning £500 a month so had a bit of money to start paying off some debts.

Luckily in May I won £2290 for 5 numbers on the lottery, and decided to use £1000 towards my debts, £1000 on a car and £300 for holiday spending money.

After getting my head out the sand and reading this forum, I realised I was being ripped off for payment protection on the Barclaycard, been paying for 8 years, as took the card out the week after my 18th, :rolleyes: , I cancelled that, saving about £20 a month, then took the plunge and opened a Virgin card to Balance transfer to for 9 months 0%, again saving over £20 a month in interest, things started getting addicitive and I've been on a major cutting back mission to put money back in my pocket to get a bit closer towards being debt free.

Been throwing most of my money at the cards, and have enjoyed in a strange kind of way checking the balances online to see them decreasing each month, I've had both cards trying to tempt me further in, with credit limit increases, total available £9k for a student!
Finally paid both cards off this month, and today cancelled with Barclaycard, what a great feeling! might reapply in a bit and try some stoozing, and start regain the £446 back that they've taken in late payment fees.

For now though, I'm just happy with the £0 Balance and Virgin card for emergency use only.

So just wanted to share my experiences and say Cheers as this forum has helped me stay focussed in getting rid of these !!!!!'s of debts. :T

Just got to work on the 2 student overdrafts now, want to clear the £3000 overdraft before June when I graduate, its in sight and I cant wait :j

magentadreamer

Wow! Well done you! I can imagine it's a great feeling to be rid of the CC debts! and there's nowt strange about logging on to see those balances going down!

Peppa_Pig_5

Well done, it's nice to get your own back and know that the money goes in your pocket, not theirs. It gets addictive, and I am so happy for you.

Keep up the good work.

dudleyboy

Congratulations mate! :T

I wish my lightbulb had flicked on when I was in my 3rd year... oh well better late than never!!

As Peppa Pig says, saving money is just as, if not more, addictive as spending it! I'm on this site so much I may as well make it my home page!

must_stop_digging

well done :beer:

Kevicho

congrats, its a good feeling paying off all the debt, one that i cant wait to feel

kathfisch

Well done, that's brilliant! Congrats and keep going, there is endless satisfaction to be had from every little saving and reduction in debt! Best of luck getting the overdrafts down, I'm sure you will do it as you sound very determined.

Best of luck

Kath

Bunnyinthelights

Well done!
Wish I was bashed over the head with a lightbuld in Uni-would have saved alot of pain Im suffering now!
Well done,, you are an inspiration!
Bunny

Old_iron_balls

great stuff - just leave that remaining CC alone whatever you do !

scottishspendaholic

Hello,

Just wanted to say well done! I can't wait to post a thread like that!

scottishspenadholic x

AMILLIONDOLLARS

Just wanted to say well done, you're an inspiration, I also can't wait to post a tread like yours!!!:T