We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Thank you

I've not posted on this board much but have had a really good browse and done plenty of thinking (and acting) on what I have read here. A few months ago DH and I had our lbm and finally faced our cc debts. After paying minimum payments for ages and getting stuck on standard interest rates we considered a consolidating loan - however after some jiggling cards, shifting everything onto lifetime balance cards at acceptable rates and crunching the no's on 'whats the cost' we have a manageable 'snowball' payment schedule and a debt free date of Aug 2014 - When I first did this it said 13 years and am amazed that will a bit of juggling and asking for better rates we have managed to shave years of our target. And have managed 2 months with no credit card spending for the first time in 7 years!

Thank you to everyone!
People seem not to see that their opinion of the world is also a confession of character.
Ralph Waldo Emerson

Comments

  • DarkConvict
    DarkConvict Posts: 6,338 Forumite
    1,000 Posts Combo Breaker
    have managed 2 months with no credit card spending for the first time in 7 years

    That is an impressive feat, you are well on the way to bring down the debt and getting on with enjoying life to the full.
    Although no trees were harmed during the creation of this post, a large number of electrons were greatly inconvenienced.

    There are two ways of constructing a software design: One way is to make it so simple that there are obviously no deficiencies, and the other way is to make it so complicated that there are no obvious deficiencies
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 346.6K Banking & Borrowing
  • 251.3K Reduce Debt & Boost Income
  • 451.4K Spending & Discounts
  • 238.8K Work, Benefits & Business
  • 614.2K Mortgages, Homes & Bills
  • 174.8K Life & Family
  • 252K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.