Just cleared 2 x credit cards - whoooo!!!

ms_london

Today I made my final two payments to my two credit cards (cleared the third one last month), hoooraaaaaaahhhhh!!! Now I have a loan of £10K to pay off, still a lot, but least all of my eggs are in one basket (or should that be debts in one basket) ;D & i am hoping to pay it off in 12 monthly payments. Eeeeekkkkk!!!!

I am quite chuffed with myself because I have managed to pay off about £6K this year, well, maybe just under a year. It was my aim to pay off my 3 credit cards this year & i have done so & i feel so happy, yaaaaaaaayyyy!!!

So for 2005 my NYR are:

* Pay off my loan = debt free on 5th Dec 2005 - whooo!!

Its in writing, so I have to do it ;D

Wishing you all a very merry Christmas & all the best for 2005, shall keep you posted.

Ms_london xx

System

Well done Ms London! I bet you can't wait til this time next year ;D

Happy New Year!

Kat

Walletwatch

Wishing you all a very merry Christmas & all the best for 2005, shall keep you posted.

Ms_london xx

You too, and good luck with your resolution.

deemy2004

I am quite chuffed with myself because I have managed to pay off about £6K this year, well, maybe just under a year. It was my aim to pay off my 3 credit cards this year & i have done so & i feel so happy, yaaaaaaaayyyy!!!

So for 2005 my NYR are:

Ms_london xx

Congrats on sorting out your debt.

See you on the 5th of Dec next year in the savings forums

Martinslovechild

Very Well Done and Best Wishes to clear the remainder by next Christmas.

It's always nice to hear a really positive tale on MSE.

chowster

Well done...hope those cleared cards are in nice little bits in the bin................. ;D

Nickynoo1

Well Done,

Thats a big achievement. Good luck for stage two.

Merry christmas

Nickynoo1

heyhum

The terrible reality of this thread is, you're all probably in debt to the banks anyway via your mortgages. I really hate this acspect of capitalism that we all have to borrow such stupid amounts during certain difficult periods in the market, just to be able to have a home.

Put it this way, there are houses that were worth 30k seven years ago that are now worth about 130k. I just thinki debt is doing to lock people into houses.

It's a shame everyone couldn't have just said to the government th at borrowing obscene amounts of money is irresponsible and hence we shouldn't have to do it just to be able to have a decent roof over our heads. I feel alot for anyone who gets stuck in debt through the housing market more than I fear for these people who've run up credit card debts. I just think the whole thing is abit ironic given that it's more responsible to get a mortgage than run up cc debt. Crazy given the amount of money involved.

smartcat04

Well done! I did something similar a couple of weeks ago and it makes you feel great. A great start to the new year.

Judith

Walletwatch

The terrible reality of this thread is, you're all probably in debt to the banks anyway via your mortgages. I really hate this acspect of capitalism that we all have to borrow such stupid amounts during certain difficult periods in the market, just to be able to have a home.

Put it this way, there are houses that were worth 30k seven years ago that are now worth about 130k. I just thinki debt is doing to lock people into houses.

It's a shame everyone couldn't have just said to the government th at borrowing obscene amounts of money is irresponsible and hence we shouldn't have to do it just to be able to have a decent roof over our heads. I feel alot for anyone who gets stuck in debt through the housing market more than I fear for these people who've run up credit card debts. I just think the whole thing is abit ironic given that it's more responsible to get a mortgage than run up cc debt. Crazy given the amount of money involved.

I am not agreeing or disagreeing with you here, but do you have an alternative suggestion to this situation? I don't see one, unless it is regulation of house prices, which again is unrealistic and unfair to those guys who already own houses.

Running up any kind of debt that one cannot service is irresponsible, be it on credit cards or on a mortgage. While I fully agree that the increase in house prices over the past five years or so may be unfair to a person like me who doesn't own a house, and is going to find it difficult to shell out the money for one, I think that is the nature of these markets, and one has to acknowledge these before getting into it, and taking any debt towards it.

Reaper

heyhum - Why did you feel it necessary to hijack this thread to have a moan about lending? If you can't say anything positive about somebody tackling their debt then don't say anything at all.

Ms_London - congratualtions, if you have managed to clear debts at a time of year when most people struggle with their finances then I have every confidence in your ability to clear them altogether. Good luck!