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Hypno's approach to life, the universe and debtbusting.....

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  • Kittikins
    Kittikins Posts: 5,335 Forumite
    Part of the Furniture 1,000 Posts
    Wow, that's fantastic news Hypno, result!
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    It will be nice to be without that 24.9% - that number annoyed me so much, but I was stuck with it, it seemed.

    It also means that practically all my debt is with one provider - the halifax - mortgage and loan - so will be much easier to see it as one number that I owe, rather than lots of different amounts, which psychologically appeals to me, strange though it might seem....
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • claire0788
    claire0788 Posts: 983 Forumite
    Part of the Furniture Combo Breaker
    Good plan, thats a great reduction in % !
  • SarahNeedle1872
    SarahNeedle1872 Posts: 6,166 Forumite
    :beer::j:T:j:beer::j:T:j:beer:

    :D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D

    I echo exactly what DT said! Thats brilliant news on such a huge drop in APR, you certainly deserve it after carrying that horrid 24.9% for so long!

    And the psycological boost certainly makes sense to me :)

    Sx
    'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde
  • lucielle
    lucielle Posts: 11,511 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Well done. Debt freedom is lurking.
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
  • beanielou
    beanielou Posts: 95,629 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    So pleaased for you :):):):):):):):):):)
    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.
  • beanielou
    beanielou Posts: 95,629 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    So is that you left with secured loan & new loan from Halifax then?
    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.
  • gallygirl
    gallygirl Posts: 17,240 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    :j that surely deserves some chocolate cake 6.gif
    A positive attitude may not solve all your problems, but it will annoy enough people to make it worth the effort
    :) Mortgage Balance = £0 :)
    "Do what others won't early in life so you can do what others can't later in life"
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    I just called them back and reduced the amount I will borrow to £8500 which is the amount plus what I have in the "pot" already, to clear the barclayloan......

    It doesn't make much difference on a monthly repayment basis, but will have a lower penalty if I pay off early, as there will be less capital outstanding, and if the worst comes to the worst and it has to run for the full 2 years, it will make a fair bit of difference in the total amount repayable.

    Phew.......:p
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    beanielou wrote: »
    So is that you left with secured loan & new loan from Halifax then?

    It will be Halifax mortgage, Halifax secured loan (£11k ish), Halifax loan £8.5k and virgin 0% card £3.5k
    gallygirl wrote: »
    :j that surely deserves some chocolate cake 6.gif

    If only I had some in the house. But I'm trying to be good!!!
    Successful women can still have their feet on the ground. They just wear better shoes. (Maud Van de Venne)
    Life begins at the end of your comfort zone (Neale Donald Walsch)
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