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

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Comments

  • poohbear59
    poohbear59 Posts: 4,866 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    I have managed to pay £75 off my co-op credit card today.
    business mortgage £0))''(+ Barclay's business kitchen loan £0=Total paid off was £96105 PPI claimed and received £13527
    'I had a black dog, his name was depression".
  • Well done pooh bear keep up the good work x
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
  • taxi73
    taxi73 Posts: 20,815 Forumite
    edited 20 April 2010 at 11:55AM
    Another £186.01 gone off Halifax loan.
    Forgot to add that takes me to just over £15k paid off now.
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    Well done taxi. Briliant stuff.

    We're not doing much at the moment and I'm just about to add to our debt with a v expensive diet, but I'm going all-out to pay it off in record time.
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Thanks Sarah and good luck with the diet.
  • mel19632
    mel19632 Posts: 647 Forumite
    Good luck Sarah!

    I will be withdrawing from the challenge sadly as we have decided to invest in a new business venture (well its OH, but we have joint finances!). I will still drop in to see progress of everyone, so keep up the good work!

    We won't be getting into much more debt, but won't be able to make big payments. Luckily everything is on 0% so it won't hurt us by delaying payments until August.

    We have managed to pay off a big chunk with the support ofthis thread, so thanks very much to everyone for that.

    Good luck for the rest of the challenge!
    Paying down the mortgage:
    At 1 October 2011: £226,000
    Currently: £224,499
    Aim: 85% LTV (£212,500)
    Paid £1,500
    Target remaining: 88.89%
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Good luck with the new venture.
  • chops22
    chops22 Posts: 650 Forumite
    £200 for me today
    LBM Total: £33356 15/11/09 :eek: £6085.63 paid
    Pay off 10% by March 2010 (3336) yes!!!:j
    Pay 19k by Dec 2010 19000/5732.39 30.12%
    DFW Long haulers #198.
    23/40lbs
  • sarahs999
    sarahs999 Posts: 3,751 Forumite
    Good luck Mel - but don't withdraw. Just keep making small payments nad keep updating. Business debt is separate from personal anyway so it doesn't affect your personal debt challenge. Good luck with it!
  • Wow taxi great stuff you will come in over your target that's amazing xx Sarah keep up the good work and all the best for diet I too am dieting lol. Mel bob in from time to time minimum payments will still make a difference if it's 0% just reduce your target accordingly lol good luck with the venture xx
    I AM A MONEY MAGNET, THEY ARE MAKING MORE MONEY FOR ME AS WE SPEAK:pMIKES MOB, DFW NERD 1071, DFW LHS 132!MIRACLES HAPPEN I'VE SEEN IT WITH MY OWN EYES. LBM 08£77240.69 Current outstanding total £36083.01 Paid so far = £41157.68
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