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Private_and_Confidential

Today I had to have a difficult conversation with my bank (for my secondary account). The result was that all relationships with First Direct would cease (Current Account and 2 Savings Accounts) and the balance due on my overdraft (-£431.13) would be payable at £10/mth.

I left the call with a huge lump in my throat, and a sense of despair as I'm ashamed to have gotten into such a financial mess.

I thought I'd update my MSE Auto-Signature to try and give me clarity on the situation but there is too much to list....

Since recognising my so called 'Challenge' way back in December 2008, I have to be honest and say that it's been a mix of great success and shameful pitfalls. The end result is that I actually owe more now (by c£2000) than I did back then.

Mostly due to my foolish lack of provisioning for Income Tax which I now have a bill for (c£3500).

Here is the picture... suppose I'd better try to rectify before my wife finds out.

My Challenges @ 30 Dec 08

A&L Loan #1 = £5,421.36 (now £3,460.22)

A&L Loan #2 = £8,746.92 (now £5,742.31)

Halifax Loan = £3,721.39 (now £2,934.76)

Next 0% (Furniture) = £740.64 (now £370.32)

New Debt : HFC (TV) = c£800 (now c£700)

HSBC CC (16.9%) = £1,547.32 (now £1,933.80)

Halifax CC (20.9%) = £145.53 (now £479.22)

New Debt : HMRC Tax (3%) = c£3,500 (now c£3,430)

New Debt : Accountant Fee = £431.25 (now £181.25)

New Debt : First Direct o/d = £431.13 (now £431.13)

TOTAL = £25,485.54 (now £19,763.01)

*Last Updated 04 Mar 09*

I'm fortunate that (hopefully) in March I'll get a bonus at work of c£2k gross and I have some additional work coming up in the summer which should pay good, but I do have a holiday booked for Cyprus which I need to pay for and have spending money too.

Maybe I should tell my wife afterall

nanna58

Hi try to speak to your oh a prob shared is maybe worked at together.
really cant offer help but lots of hugs and good luckxxxxxxx