The big challenge - pay off £20k by Christmas 2010

taxi73

Another £48 to Halifax CC and £196.60 to loan.
This brings me to just over £8k paid off so farso am pretty pleased with that.

Happytogetdebtfree

Wow taxi that is amazing well done, xx

madmich666

Hi all,

Just transferred £500 from paypal to me to pay to the bank of dad. Hoping the payment will clear on Friday so I can pay him. That will be a nice big chunk off the debts.

got a few more payments to go out this week but will wait til they leave my bank for that.

Keep up the good work everyone!!!

madmich666

Hi all,
Just checking my bank and it appears that i paid the same thing twice! so thats an extra £10 for me Ive never been so happy to make an extra payment

banwa

V impressive payments being made (although none for me today)

starnac

payment of £31.66 off C/C for me today. clearing out the bits and bobs left in my account ready for payday tomorrow. oh i can't wait. it has been a looooooooooong month

kirstenc

Nothing extra for me but I just wanted to say well done to everyone! The 1st is the big one for me lol, mortgage D-Day lol

banwa

Oooh do we count mortgage payments? Do we put the payment or how much it has reduced the balance by? I am only counting non mortgage debt at the minute.

S.Worth

I got a bit fed up the other day, I see people making PAD's and I thought "I wonder how much I'd have to PAD to reach my £12500? ". Answer? £34 a day, or about £1060 a month :eek:

I thought, "I'm never going to be able to do that just with overpayments", and it all seemed like to was going to be a real struggle.

It took a few days for me to realise that actually, it's not all through overpayments. Overpayments come from whatever money is left over after paying the bills, however, some of my bill are already going towards paying off the debt, I don't need to do it all with overpayments.

Even if I make no overpayments at all, my regular budgeted payments take nearly £300 a month off my total, so by doing absolutely nothing, I'd still be 1/4 of the way to my £12,500 by the end of the year. Add this to the amount I've already paid off, and I'm half way there, with eleven months to go!! The only thing of course is that trying to find a spare six grand to get me the rest of the way there is not going to be easy

I've just transferrred my Virgin CC to Santander on 0% and made the first payment today. I paid £100 but it only dropped by £45 due to the BT fee :mad: Still, everything is now on 0%:j

Happytogetdebtfree

Afternoon, its payday, i have paid £300 off my outstanding marquee balance... il be updating figures 1/4 i get confused otherwise lol x