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New Beginings!- Officially Debt Free TODAY!!!

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  • Congratulations on clearing your debts so quickly. I wonder if you could offer me some advice as to where to go, I am totally at a loss as to where to start and only join the forum becasue I heard about your story. I owe about £25K in total which includes personal loans, student loans and credit cards all of which seemed to have escalated when I set up my own business. If you could offer me a starting point on how to get a handle on this or who to go to get a strategy implemented that would be wonderful. :confused:
  • Tondella
    Tondella Posts: 934 Forumite
    lilacbrook, post this information and a little bit more about where your debts lie, amount of debt with each card/loan etc and, if you have the information, what interest rates (APR) they are at. We'll then be glad to help. You'll get more attention and advice if you start your own thread, and it will help you to keep track of the discussion better too!

    Good luck!
    Debt Oct 2005: £32,692.94
    Current debt: £14,000.00
    Debt free date: June 2008
  • Lilacbrook.

    Start your own tread. Also check out the following topic on the main page for this section. Should be handy

    be lucky

    http://forums.moneysavingexpert.com/forumdisplay.html?f=76
  • Well Done on clearing your Debts. Next plan of action is to make yourself rich!!! lol
  • $17mma
    $17mma Posts: 2,623 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    lilacbrook wrote:
    Congratulations on clearing your debts so quickly. I wonder if you could offer me some advice as to where to go, I am totally at a loss as to where to start and only join the forum becasue I heard about your story. I owe about £25K in total which includes personal loans, student loans and credit cards all of which seemed to have escalated when I set up my own business. If you could offer me a starting point on how to get a handle on this or who to go to get a strategy implemented that would be wonderful. :confused:
    Hello lilacbrook

    I am glad that this post has encouraged you just as so many other posts on MSE have done for me.

    Please do what Tondella and Lotus_flower have advised and open your own thread clearly listing your SOA, which is ALL bills/debts how much you pay to each include interest rates, PPI and always included the OD and list your income.

    Also include things such as mobile phone bill, and insurances and savings that youhave.

    Good luck and I along with others will be looking out for your post and cheering you along..

    You will make hun..
    MFWB
    Mortgage when started: £232,000
    Current mortgage Sept 2024: £232,000
    Mortgage free day: Sept 2029

    Saving: £12k 2025
  • lilacbrook
    lilacbrook Posts: 12 Forumite
    I just wanted to thank all those who responded to my query and will do as you advise, and look forward to hearing from you and recieving your support on how to clear my debts. :j :T
  • Well done that is amazing and must be such as relief for you! Its very motivational to the rest of us who still have debt but are working very hard to clear it.
  • Dumbledore55
    Dumbledore55 Posts: 1,435 Forumite
    Part of the Furniture Combo Breaker
    Hey, well done, I'm thrilled for you - more inspiration to keep me going, I'll be there one day, honest!
  • im so pleased for you - must be such a great feeling - keep up the being money wise

    xx
    Comp Wins 2011 : Cant wait to start listing everything:j:j:j
  • Feej_2
    Feej_2 Posts: 64 Forumite
    HUGE congrats - enjoy the feeling! You deserve it!
    £2 saving: 2.5 cm in the bottom of a 500ml sprite bottle - not counting but might weigh from time to time...
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