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Final Payment to DMP - Debt Free as of today!

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  • moneypenny2k
    moneypenny2k Posts: 1,122 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Madison wrote: »
    After six years and seven months I have cleared £48,000 worth of debt. My original extimated completion date was December 2013 so I'm way ahead of schedule. It'll be the middle of next month before it's cleared with Payplan and then my creditors but I've no more payments to make after today. :j

    Prior to my LBM in 2003, I'd been in debt since 1993 so it's 17 years since I've had a zero balance on any credit account. The only debt I have now is my mortgate and I consider that an investment. What's more, my final payment was less than half of my regular monthly installment so I'm quids in this month and looking forward to a great bank holiday weekend. :beer:

    For those of you still stuck in the debt hellhole - take it from me, it does end and the feeling of relief is IMMENSE :dance:

    Thanks for posting, It's great to see somebody feeling so good. Enjoy the bank holiday. So what are the plans for the money you normally spend on getting debt free? Are you going to start saving some?
  • mamajojo
    mamajojo Posts: 630 Forumite
    :j:j:j:j:jWow Madison - Congratulations:j:j:j:j:j
    Really pleased for you - we are at the beginning so its fab to hear from someone free at the other end! Enjoy!!
    DMP mutual support thread member 371
    LBM Jan 2010
    DMP Paddle No 2
  • Deep_In_Debt
    Deep_In_Debt Posts: 8,579 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    congratulations! I'm dead jealous.

    I've still got another 3 years to go on mine but if have my way it will be a lot sooner.

    Good luck with staying debt free in the future too!
    Debt 30k in 2008.:eek::o Cleared all my debt in 2013 and loving being debt free :)
    Mortgage free since 2014 :)
  • Savvy2Be
    Savvy2Be Posts: 173 Forumite
    Big congratulations to you..must be a wonderful feeling. You definately deserve a treat to congratulate yourself..crack open the champers x
  • tealady
    tealady Posts: 3,851 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    Congratulations
    Now go and put your name on the roll of honour and enjoy planning what you are going to do with the extra money
    Find out who you are and do that on purpose (thanks to Owain Wyn Jones quoting Dolly Parton)
  • beanielou
    beanielou Posts: 95,580 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Fantastic news for you.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
    ***Fall down seven times,stand up eight*** ~~Japanese proverb.     ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • shrimpy_80
    shrimpy_80 Posts: 1,631 Forumite
    Congratulations Madison!

    I love these debt free posts :D It will be me soon!!
    Barclaycard [STRIKE]£7,296.35[/STRIKE] £6134.99 - MBNA [STRIKE]£4,182.88[/STRIKE] £3267.08 - O/draft [STRIKE]£569.31[/STRIKE] £413.59 - Capital One [STRIKE]£1477.55[/STRIKE] £1451.44
    Total debt [STRIKE]£12048.54[/STRIKE] £11267.10 6% paid
  • Want2BMoneySavvy
    Want2BMoneySavvy Posts: 151 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Congratulations, that is excellent news! (And you've just inspired me to make another payment towards my CC this month :)
    2021 wins: eco-friendly bedding bundle
  • drewdrop
    drewdrop Posts: 90 Forumite
    :jHi, well done, that is amazing:T
    :jDEBT FREE 27th MAY 2010:j
    Paid off - o/d £2750, loan £23000 (11 mts early), CC @ £14000
    :A
  • BabyBetty
    BabyBetty Posts: 196 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Congratulations,

    I am really made up for you. Can't wait to be debt free myself.

    BB
    Original debt at LBM July 2008, £47, 654.34. Debt at January 2016, £21,443. Barclaycard [STRIKE]£9,000[/STRIKE]£8,756, Tesco cc [STRIKE]£3000[/STRIKE]£1,136. Debenhams storecard [STRIKE]£350[/STRIKE]£263, OD [STRIKE]£3,500[/STRIKE] £3,000, Corp Tax £3,036, Study loan £1,750, Smaller debts £2,000.

    Since my LBM I have not been fully committed so now I have had a 2nd LBM.
    Aiming to be debt free by December 2016:D
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