Day 1, the start of becoming DEBT FREE

edinburgher

No I wrote freeway as I wasnt sure if Americans who where reading it would understand

You're too polite. I wouldn't worry tho, I think it's mostly Brits on these forums (with some exceptions).

blondy24

Hi,

You have kind of inspired me to start my own blog like this as I need to reduce my debt.

You definitely have some interesting ways of saving money to help clear your debt e.g. the jam making one and the wine bottle (atm I have my spare change in a pot but it's easy to get the coins out!! opps!!)

I can understand why you didn't want a student loan but you only pay a small percentage back each month after you earn over 15k. I am only paying about 30pcm which is nothing but it is not a loan that you have to worry about - I would prefer this than having to pay 12k back with creditors on my back. Just my opinion I guess - hope this doesn't offend you.

Thanks for the thread and good luck - I will be viewing this thread for any other good ideas

debtfreeitseasy

Not to worry, I have many many many ways

If you wish to start up a blog, please do pm me and I will help you out with setup for free.

There are many ways you can make small amounts of cash to make sure you pay off your creditors

debtfreeitseasy

Cut up the card - Day 4

I am now four days into becoming debt free, I have today contacted my bank and asked for a smaller overdraft, to my disgust HSBC tried to charge me £30 to change my overdraft, with the possibility of being rejected, so I closed my account with them and went next door and opened an account with Lloyd’s TSB. Lloyd’s TSB offer a much better service, with friendlier staff.
Cutting up the card
Today I decided to make the drastic action to cut down on my debts and decided to cut up my credit card to make sure I didn’t use it to further, put my self in debt. I used a shredding machine for safety and then disposed of it by throwing it on a fire I had made in my back garden to clean out all of the clutter of branches that had fell of my trees. I believe this will be another great action to help cut down on my debt.
Also today I received money in the post off my parents, which I put straight into my wine bottle, they sent £200 as they have been reading my blog and want to help me out every now and again.
So for today that’s £27134.94 – £200 = £26934.94 left of my large debt.

myothercarisaferrari

what great parents

debtfreeitseasy

My parents always help me out a little. I do pay back all they give to me.

Thisisforthekids

Sorry, but how has that reduced £200 off your debt if you intend to pay it back?.

Be gratefull and smile:D if its a gift, others are not so lucky to have such helpful parents.

debtfreeitseasy

I pay back in different ways, like buying small gifts randomly or a card

debtfreeitseasy

Day 5- My plans

Here are a few of my plans on how to get out of debt below.
· I am planning to hire a professional who can assist me. Accountants, advocates & credit analysts are qualified with these issues & can every now and then get involved on your behalf & provide you all kinds of breaks that make it simpler for you to embark on paying off credit card arrears without ado.
· I am willing to cut down on expenditure. Loads of citizens’ endeavor paying off credit card debt at the same time as concurrently living the similar standard of living they have been leading from the very beginning. This is more often than not probable, in view of the fact that the things you bought are what have put you into this condition in the first place.
· I am trying to figure out a feasible financial plan & trying to bond to it day by day; after that, similar to a dieter, if I have a day where I make a mistake & expend cash on various frolicsome things in that case I won’t hammer myself up over it. I will simply get back on trail without more ado.
Today I have paid off £300 of my debt through using my wages.
So today its £26934.94 – £300 = £26334.94 left to pay

edinburgher

I am planning to hire a professional who can assist me. Accountants, advocates & credit analysts are qualified with these issues & can every now and then get involved on your behalf & provide you all kinds of breaks that make it simpler for you to embark on paying off credit card arrears without ado.

According to your edit the professional will be cheap or free. Best of luck....