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Thats another fine mess I got myself into

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Comments

  • REDMADCURLS
    REDMADCURLS Posts: 3,766 Forumite
    I have cleared out Paypal throughout the month because I was short of money but have decided to try and leave it in this coming month to allow me to put it to something useful - like Ricardo or such like!

    Managed to make £195 in July so hopeful for £200 in August :)
    LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
    (CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
    Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84

    There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
  • taxi73
    taxi73 Posts: 20,815 Forumite
    I don't know much about credit unions but I know you have to save with them before being able to get a loan..think its about 13 weeks but not sure they lend big amounts...think you have to look in your area...think they've all shut in our area.

    great news on being sub £10k on business debt and the amount you've paid off so far.
  • REDMADCURLS
    REDMADCURLS Posts: 3,766 Forumite
    My mum says they lend about 4 times what you have saved - so thats a good incentive should we need a van!

    I was thinking rather than putting money into savings account to create a buffer, CU would be better because its savings, plus giving us the possiblity of a loan (hopefully in the far future) if necessary. Or maybe I should just try saving up the buffer in a savings account.

    There is one in the next town and DH passes it every week so will get him to pop in for some info
    LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
    (CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
    Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84

    There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
  • taxi73
    taxi73 Posts: 20,815 Forumite
    Good idea to be armed with the info incase it isn't suitable for you.
    MYself my buffer is my mortgage savings...hopefully we won't need to use it.
  • lucielle
    lucielle Posts: 11,500 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Fab news on the business debt.
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
  • REDMADCURLS
    REDMADCURLS Posts: 3,766 Forumite
    Thank you Lucille, it is getting better at last!
    LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
    (CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
    Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84

    There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
  • lucielle
    lucielle Posts: 11,500 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    There are many up and downs along the debt journey!
    L
    Total Debt Dec 07 £59875.83 Overdrafts £2900,New Debt Figure ZERO !!!!!!:j 08/06/2013
    Lucielle's Daring Debt Free Journey
    DFD Before we Die!!!! Long Haul Supporter #124
  • REDMADCURLS
    REDMADCURLS Posts: 3,766 Forumite
    There sure are!

    You have done amazingly well in 2.5 years - keep that up and you will be done in a year!
    LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
    (CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
    Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84

    There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
  • pania
    pania Posts: 8,258 Forumite
    mooooorning!
    debt @05/11/11 £12210.63!! slowly chipping away!!
    :heart2:impossible is nothing.:heart2:
  • REDMADCURLS
    REDMADCURLS Posts: 3,766 Forumite
    hhhhhhhhhhheeeeeeeeeeeeeeeeelllllllllllllllllllllllllllloooooooooooooooo
    LBM Feb 2010 £62,700 Total Debt Jan 11 [STRIKE]£49,403.84[/STRIKE] £47,530.32.
    (CC/LOAN = [STRIKE]36,378.98[/STRIKE] 35668.47. O/D = [STRIKE]1255.32[/STRIKE] 1212.35/[STRIKE]1999.78[/STRIKE] 1934.52, BUS = [STRIKE]9769.76[/STRIKE] 8714.98)
    Challenge = Debt at 31/01/12 = £25k. 2011 Payments = £1,944.19/£24,403.84

    There is no point in negative thought, it takes up time and energy which could be used in a positive, happy way!
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