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The Challenge - Debt free in two years!
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That would be wicked if that comes off, I wish I could get a 0% so I could get rid of Lloyds quicker.LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
I'm trying not to get my hopes up though.Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
Fingers crossed
Nationwide are also offering a good deal at the mo, I'm trying to decide whether to apply for it or not.Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0 -
June overpayment has cleared already. Just waiting for the rest of the minimum payment to clear before updating all figures. Current total down to £16,168.79Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
So close to being under £16k now LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000 -
I know! According to my calculations, when the other payment clears this week, I should be down to £15,974.46 after interest. Lets just see how accurate my spreadsheet is
I should be able to make about another £200 payment too Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
Will be great to go under the 16K mark Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0
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I know, going below each £1,000 mark is a new milestone really, it's so much more motivational to do it. At the moment I'm hoping to go below another one every other month Adam's diary - My Debt Diary - The Challenge | LBM May 2010 with £23,343.35 | £16,141.46 to go...
Cleared: £7,369.16 / 30.85% | Current DFD: Oct2012 from Jan2014 | July repaid: £600/£800
Goals: Aug-11 37% | Nov-11 60% | Feb-11 67% | May-12 76% | Aug-12 86% | Dec-12 debt free0 -
It does really give you a boost when you drop a K.
I'm aiming to pay a £1,000 plus interest every month so that I can drop a K a month. Have managed it for Apr and May so far. Will be harder though when my interest goes back up!Debt at LBM Apr 2010 £28,767 Debt free as of Nov 2013 :j0 -
You two are doing so well, I can't even drop £100 a month at the moment!LBM Aug 09: £18,650.47 - Current: £12,854.93 (£5946.79)
Barclays: £2,928.34 Lloyds: £2,499.60
MBNA: £3,788.99 Overdraft: £1,900.00 Mum: £1,738.00
Surveys: £6.60/£40.000
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