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  • hypno06
    hypno06 Posts: 32,296 Forumite
    10,000 Posts Combo Breaker
    All sounding pretty darned good, if you ask me!!!

    Happy May!

    :D
    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)
  • beanielou
    beanielou Posts: 95,562 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Great reduction :j
    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.
  • millionaire_in_training
    millionaire_in_training Posts: 5,818 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Well done Sea on the reduction. I do the same with Santanders overdraft but I am getting charged £20 this month for some reason. I didn't go over so I am at a loss as to why. I've e-mailed them so I will see what's what. If it is going up to £20 per month then I will be getting rid of it ASAP.
    5 Year plan. April 2020 to June 2025- CC and mortgage free by time I'm 60
    Currently CC £23,674.36 /£14,895.41/£14315.42
    Mortgage £28,214.65/ £26,254.71/ £25,746.43
    By end 2020 I want CC at £ 19,000.00.
    By end 2021 I want CC at £10,000.00
  • chevalier
    chevalier Posts: 7,937 Forumite
    Part of the Furniture Combo Breaker
    Glad to see such a good reduction on your debt.

    Ref the debt I don't mean to be a wet blanket, but it is ok getting rid of the overdraft, but what if they decide to suddenly cut it. Then you don't have the safety net to pay the tax with it....
    chev
    I want a job that is less than an hour driving away from my house! Are you listening universe?
  • taxi73
    taxi73 Posts: 20,815 Forumite
    I was just going to post the same thing Chev.
    Brilliant news on the reduction though.
  • Verbatim
    Verbatim Posts: 4,831 Forumite
    Part of the Furniture 1,000 Posts
    Well done on the stelllar reduction sea.
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
  • Seaxwyn
    Seaxwyn Posts: 4,896 Forumite
    Thanks all. It is possible that they would decide to cut the overdraft. But then they could do that any time anyway, so better to have it unused in that case. But I've had that account since 2006 and the limit has never changed all that time.
    Total debt: 1 January 2007 £[strike]49,387.79[/strike] 1 January 2012 £[STRIKE]19,312.85[/STRIKE] 1 August 2012 £11,517.62



  • Eager_Elephant
    Eager_Elephant Posts: 4,714 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    millionaire_in_training wrote: »
    Well done Sea on the reduction. I do the same with Santanders overdraft but I am getting charged £20 this month for some reason. I didn't go over so I am at a loss as to why. I've e-mailed them so I will see what's what. If it is going up to £20 per month then I will be getting rid of it ASAP.

    I also have a Santander account and a few months ago we got an insert with our statement

    http://www.santander.co.uk/csgs/StaticBS?blobcol=urldata&blobheader=application%2Fpdf&blobkey=id&blobtable=MungoBlobs&blobwhere=1223420520406&cachecontrol=immediate&ssbinary=true&maxage=3600

    Fees are now £1 per day:(
  • Seaxwyn
    Seaxwyn Posts: 4,896 Forumite
    Thanks Eager Elephant. That seems to be the same arrangement I have - £1 per day capped at £10 per month. I've calculated that that works out equivalent to roughly 4% interest on my overdraft, so it's still lower than some of my other debts.
    Total debt: 1 January 2007 £[strike]49,387.79[/strike] 1 January 2012 £[STRIKE]19,312.85[/STRIKE] 1 August 2012 £11,517.62



  • millionaire_in_training
    millionaire_in_training Posts: 5,818 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Mine used to be capped at £10 but not any more. Now need to pay £1 per business day so I am concentrating on it now and getting rid of it ASAP
    5 Year plan. April 2020 to June 2025- CC and mortgage free by time I'm 60
    Currently CC £23,674.36 /£14,895.41/£14315.42
    Mortgage £28,214.65/ £26,254.71/ £25,746.43
    By end 2020 I want CC at £ 19,000.00.
    By end 2021 I want CC at £10,000.00
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