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My first diary

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Comments

  • cococoladebt
    cococoladebt Posts: 221 Forumite
    Nothing major to add this week. Think my debts increased by £200.
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    closed wrote: »
    What kind of job pays no salary?

    There are a number of graduates, like me, who would work for free to gain experience in the industry they want to work in. That's how desperate things are at the moment.
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    edited 21 August 2010 at 2:20PM
    Just a small update.
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    edited 26 April 2010 at 8:12PM
    closed wrote: »
    Which industry?

    16 months without pay, time for a rethink.

    Don't want to share which industry - you would have a fit. :eek:
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    I'm finally being paid a salary - I will now need to put together a realistic plan to cut down on the debt.
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    4 months along the line I have increased my total debts to £21,800... not looking good. And what looking even bad is that I have no 0% offers remaining. :eek::eek:
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    How my debts stack up as at 21/08/2010:

    Student Loan: £8,666.80 - 4.4% from 1st September 2010.
    Marks and Spencers: £2,536.61 - 15.9% interest
    Halifax Credit Card: £2,469.34 - 15.94% interest
    Virgin Credit Card: £2,246.16 - 19% interest
    Halifax Overdraft: £2,000.00 - £1 per day fee
    RBS Overdraft: £2,000.00 - 15.5% interest
    Egg Credit Card: £1,377.57 - 16% interest
    Smile Overdraft: £115.00 - 15% interest
    Mint Credit Card: £435.07 - 20% interest....

    Target year end: Clear 3k debt
    Target year end 2011: Clear 10k debt
    Target year June 2012: Clear 8.6k debt

    I will observe fasting until 11th September which should help me to save at least £100. How I am going to clear this I don't know.
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • jwil
    jwil Posts: 23,092 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Hi Coco, have you played with the snowball calculator? That will give you an idea of which order to pay your debts in, it's usually the one with the highest interest rate first. You pay the minimums to all of the debts except the one with the largest interest which you pay as much as you can to. Once that one is cleared, you move to the next one. http://www.whatsthecost.com/snowball.aspx

    Good luck with it!
    "Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    Thanks very much. I am going to play with the snowball debt calculator now.
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • cococoladebt
    cococoladebt Posts: 221 Forumite
    That's actually a fantastic tool. Thanks very much,
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before     [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
This discussion has been closed.
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