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

BEAT_THE_DEBT

Well done you are such an inspiration! I did sig thanks.x

hypno06

The great thing about a sig is that you get to update it - a fab way to start any day

Double_Trouble

hypno06 wrote: »

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

good move :T

The_Dragon

Yay brilliant news Hypno! So log, farewell to the Barclay loan in a few days then :beer:

Walshyboy84

See now me and OH say well done!

Couldn't think of better people to find they're better off! Keep on going Hypno, you're almost there! :T

hypno06

Thank you!!

I feel quite giddy really :rotfl:

It feels one step closer - even though I still owe the same amount of money! One thing that will alter slightly is that the amount of credit showing on my file will be slightly less as I will be using the savings pot to pay the balance.....so that has to be a good thing, even though as far as I am concerned, the total amount to find remains the same.

They are sending the papers out tomorrow, so it should all be done and dusted in a week or so - I could have had them couriered at a cost of £70 but the MSE said use the normal post........For £70, I could go down and collect the papers myself by train :rolleyes:

ZTD

hypno06 wrote: »

They are sending the papers out tomorrow, so it should all be done and dusted in a week or so - I could have had them couriered at a cost of £70

:shocked:

Now that *is* taking the biscuit..!

hypno06

ZTD wrote: »

:shocked:

Now that *is* taking the biscuit..!

Ah, now they didn't mention biscuits......perhaps if they had, I would have been prepared to pay the £70

InaPickle

Well done! It's about time you got a break from the banks! x

liloandstitch

Well done Hypno - Halifax are tough underwriters, so your credit rating must have improved by a lot. They will have reflected your mortgage etc as well, so your good repayment history will have paid dividends.

A huge saving in interest as well - congrats

Lilo