Olympic Countdown aka clear those debts by July 2012!

thefemaleterrytibbs

I would definatley like to join this challange, I have worked out I need to be paying an extra £600 per month to be debt free by July 2012. I have £18,734 remaining.

salnew

Happy New Year Everyone.
Just to let everyone know my debt total is now £12,100, Still away to go to get debt free by July 2012 but am going to do it.... I have sorted out lots of stuff for ebay and carboots.
Dragon can you up date my total.
so how is everyone feeling today?

The_Dragon

thefemaleterrytibbs wrote: »

I would definatley like to join this challange, I have worked out I need to be paying an extra £600 per month to be debt free by July 2012. I have £18,734 remaining.

I've got you thefemaleterrytibbs and you are runner number 129

salnew wrote: »

Happy New Year Everyone.
Just to let everyone know my debt total is now £12,100, Still away to go to get debt free by July 2012 but am going to do it.... I have sorted out lots of stuff for ebay and carboots.
Dragon can you up date my total.
so how is everyone feeling today?

Thank you salnew - you are creeping close to 25% paid off! :T

learn2cope

Paid £23.87 off cc yesterday, not a lot but it all adds up!

The_Dragon

learn2cope wrote: »

Paid £23.87 off cc yesterday, not a lot but it all adds up!

It does indeed! every payment is closer to a debt free day!

misswissy

This thread is rocking!!! I think we're all fired up for the new year.

Another wee payment from me towards my student loan £72.19 most of which is the automatic payment from my salary but I sneaked an extra £30 in Total paid £6642.79 which I think puts percentage at 37.5%.

Well done everyone on the updates.

me-shelly

I have paid more off my total paid is now £4498, please update dragon. It has gone slower than I wished but is still in the right direction. Happy new year everyone.

The_Dragon

misswissy wrote: »

This thread is rocking!!! I think we're all fired up for the new year.

Another wee payment from me towards my student loan £72.19 most of which is the automatic payment from my salary but I sneaked an extra £30 in Total paid £6642.79 which I think puts percentage at 37.5%.

Well done everyone on the updates.

I've got it and yes we are kicking off again it seems

me-shelly wrote: »

I have paid more off my total paid is now £4498, please update dragon. It has gone slower than I wished but is still in the right direction. Happy new year everyone.

As you say going in the right direction!

Paulgonnabedebtfree

#29 here.
Repaid £1,058.71 (of £60k) to my debts in December.
Amount paid in towards them now totals £19,074.98.
% = 31.7916333 .
Interest payments mean the the debts are reduced by rather less though.
Also, unfortunately, I needed to hit a couple of cards fairly heavily in December - mainly due to being unable to work because of snow and ice. Even allowing for this though, my net debt level did drop a bit.
Once winter is out of the way and I'm earning better again, I will be putting extra money toward my debts. I've been holding back since the summer due to knowing that the debt repayment hierachy on credit cards is changing since Jan 1st. I didn't want to put extra money towards debts knowing that the lowest rate would be paid off first.
At least I've managed to save up the taxman's bit this year - for the first time in quite a few years.

The_Dragon

Thank PGBDF - I think December is a bad month for everyone for debt payments!

By the way I think you need to update your Signature