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Diary of a Poor Person aged 46 1/2

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Comments

  • chevalier
    chevalier Posts: 7,937 Forumite
    Part of the Furniture Combo Breaker
    good luck with the full and final offers. Any money you can save is going to enhance your new life.

    What an opportunity regarding your children. I think being able to live abroad can be a great learning experience. Just don't be surprised if they take a while to cope with it. Are they going to a school where they are taught in the local language? If so start learning them it now!

    cheers and good luck
    chev
    I want a job that is less than an hour driving away from my house! Are you listening universe?
  • GDB2222
    GDB2222 Posts: 26,364 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    mrscmr wrote: »
    very interesting, yes for example egg turned my cc into a loan with no charges... hmmm will see what happens then!

    Of course, if they won't play ball, are you under any obligation to pay them off any faster just because you've got some cash now? You could just treat it as an interest-free loan over the next umteen years, invest the cash, and pocket the interest.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • fc123
    fc123 Posts: 6,573 Forumite
    GDB2222 wrote: »
    Of course, if they won't play ball, are you under any obligation to pay them off any faster just because you've got some cash now? You could just treat it as an interest-free loan over the next umteen years, invest the cash, and pocket the interest.

    It's funny cos I was thinking something like that today when talking with someone about paying down our mortgage......if inflation kicks off (which it is slowly but surely) it errodes/pays off some of the debt for 'free'.

    So, you could keep them all going (if 0%) and inflation will do part of the pay down for you. It all depends if the DMP's are lifetime or just for a period of time.....and then they want to whack on interest again.
    If the CC was turned into a loan, did they add interest or take the total and divvy it up into a monthly amount over x years? May be harder to settle on that as it's not technically in any kind of DMP.
  • GDB2222
    GDB2222 Posts: 26,364 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If it's any help to you, I'm a finance 'expert' although I work in a different field. So, if you can explain what the arrangement is with the DMP, I can do the sums to give you some idea of what the lenders are currently valuing your debt at.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • mrscmr
    mrscmr Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    hello
    hmmm been away sorting new life........ i have such a muddlyupity head :( v tired. too much to even do .. overwhelming.. and 3 weeks till D day! i need to get my head straight i think.
    Highest Debt £581,000 Nov 08 and now owe nothing! yes really! I have learnt my lesson the hard way!
    :heart2:Ebay Challenge 2011 - Still supporting from afar!
    Long haulers supporters DFW #223
  • mrscmr
    mrscmr Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    well, three weeks today and its all over ...... will be debt free! how odd is that?
    Highest Debt £581,000 Nov 08 and now owe nothing! yes really! I have learnt my lesson the hard way!
    :heart2:Ebay Challenge 2011 - Still supporting from afar!
    Long haulers supporters DFW #223
  • beanielou
    beanielou Posts: 96,035 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Not odd but fantastic :grin:
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • GDB2222
    GDB2222 Posts: 26,364 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    mrscmr wrote: »
    well, three weeks today and its all over ...... will be debt free! how odd is that?

    You've exchanged contracts?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • mrscmr
    mrscmr Posts: 2,903 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    yep and have a completion.
    Highest Debt £581,000 Nov 08 and now owe nothing! yes really! I have learnt my lesson the hard way!
    :heart2:Ebay Challenge 2011 - Still supporting from afar!
    Long haulers supporters DFW #223
  • too_much_debt
    too_much_debt Posts: 3,218 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    That is great mrscmr, can't imagine what it will feel like to be debt free.
    Sealed Pot Challenge #016
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