Olympic Countdown aka clear those debts by July 2012!

misswissy

CherryPie wrote: »

Better late than never................

Can I join please?

As of today I owe a whopping £14278.24 :eek:

Have decided to get rid of all the silly little debts first, then chip away at the bigger ones.

I've realised that if I don't start taking control of this debt, no-one else is gonna do it for me.

I have 1 loan that I took out to clear my credit cards 2 years ago......

3 credit cards, all at their limit, a couple of storecards with ridiculously high APR's and an ever incresing gas bill!!

Was scary when I first added it all together but I'm looking forward to watching the total come down bit by bit.

:beer:

Welcome to the thread Cherry. Dragon will be along soon to sign you up I'm sure.

Your total debt is about the same as mine so we'll all chip away together.

Have you done a snowball to prioritise which debt to pay first (the highest apr basically) and to find out your debt free date? Its very motivating.

Great to have you on board and good luck.

saxysarah

yey i have paid off CC1 £33.40 and knocked £500 off CC2 so have finally made a start woo hoo!no idea what that might be in terms of percentages or anything but if u can update my totals £533.40/£19000 that'd be great ;-)

thrifty_fifty

Room for one more? Total debt £12602. Made my payments to credit card etc this month already as payday was on 25th. Have some ebay sales going through so fingers crossed there'll be some more to knock off that before the end of March.

Jboy

Hi everyone, and a massive welcome to everyone joining the challenge in the last week or so.

Just updated my sig (a part from the end bit with the totals, I need Dragon's maths sorcery for that) and can reveal that after two months have paid £1675.19 off my total.

Even BETTER news is seeing the amount of monthly interest I have to pay go under £500 for the first time in AGES! ...Sub £400 by Summer?!

dentonemma

Well done to everyone else for all your payments, and Dragon thank you for this challenge.
My payment today is £498.:T

missmental

Please may i join dragon? I am new to this site. will let you know my target tomorrow if that's ok?

Bye.

planning_ahead_2

Finally managed to make a dent in the total - after having had to use CC to pay car repair bill:o the totals didn't go down at all (in fact went up but I refused to post until I was making the total go down again:D)

New payments for me today are £427:j:j

So that makes a total of £3007 off my debts to date - which I think is 6.3%:j:j:j

Paulgonnabedebtfree

Edited as duplicate post made in error.

Paulgonnabedebtfree

Nowhere near as good as it sounds because there was a very large element of "borrowing from Peter to pay Paul" but during February I paid £6,524.84 towards various creditors.
%wise this takes me to 12.5554167%

The_Dragon

Okay back after the weekend of not really getting on the computer (spending time with Dr Dragon LOL)

Just off to update the spreadsheet and then I will let you know the front runners as of the end of Feb start of March! oh and a very warm welcome to the new marathon runners of

Deni debt-free dreamer
CherryPie
thrifty fifty
missmental

I hope you enjoy the run!