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my story!
poorbutgettingricher
Posts: 54 Forumite
ok, just wanted to tell you all how ive repaid my debt! (hope this is the right place)
i got into alot of debt back in 2004, and realised there was a problem in august 2004 (just over £19000 in a personal loan and £2000 on a credit card (limit £1800) )
i was in a relationship with someone who just spent and spent, and i found myself doing the same, i tried to talk to her, but everytime she'd go out and spend to make herself feel good (looks like im blaming her, but im not), so we split.
stupidly the loan was im my name, although it benefitted her quite a bit, so was left with the repayments (£348 p/m with a&l, wouldnt use again as never replied to letters or phone calls when i was struggling to make repayments, and defaulted 4 times).
i was earning £12000 p/a at the time, so saved every penny i could, sold all the junk i didnt need, and took another loan for just £9000, and repaid the loan and cc and used all my savings.
now comfortably paying back just £275 over 3 years and got a much better job, now earning £19000, with company van so sold own car, and just purchasing a house.
have been looking at other posts and heard martin on radio 2 yesterday about having savings accounts for xmas, birthdays etc, and have decided to save all extra money at end of month to repay debt early, including mortgage!
debt free in 2 years, mortgage in 23!
also, having a company car, try to fill up at tesco all the time, and have just received £35 in club card vouchers!
i got into alot of debt back in 2004, and realised there was a problem in august 2004 (just over £19000 in a personal loan and £2000 on a credit card (limit £1800) )
i was in a relationship with someone who just spent and spent, and i found myself doing the same, i tried to talk to her, but everytime she'd go out and spend to make herself feel good (looks like im blaming her, but im not), so we split.
stupidly the loan was im my name, although it benefitted her quite a bit, so was left with the repayments (£348 p/m with a&l, wouldnt use again as never replied to letters or phone calls when i was struggling to make repayments, and defaulted 4 times).
i was earning £12000 p/a at the time, so saved every penny i could, sold all the junk i didnt need, and took another loan for just £9000, and repaid the loan and cc and used all my savings.
now comfortably paying back just £275 over 3 years and got a much better job, now earning £19000, with company van so sold own car, and just purchasing a house.
have been looking at other posts and heard martin on radio 2 yesterday about having savings accounts for xmas, birthdays etc, and have decided to save all extra money at end of month to repay debt early, including mortgage!
debt free in 2 years, mortgage in 23!
also, having a company car, try to fill up at tesco all the time, and have just received £35 in club card vouchers!
Debt at highest (april 2005) £19000
Current Debt (september 2006) £7600
Mortgage Pig = £31.43 and we move in on Friday (6/10/06)
:j £2 savings = £22 started 1/9/06
Current Debt (september 2006) £7600
Mortgage Pig = £31.43 and we move in on Friday (6/10/06)
:j £2 savings = £22 started 1/9/06
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Comments
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Wellcome and well done;)
It seems like you'er doing ok with sorting yourself out.
Be warned though - this site is adictive!
Before long you'll be looking for freebays, ways to reduce your expenditure and become debt free sooner. Good luck :T0 -
Well done. Hope that you find a warm, loving and sharing relationship soon.'You can't change the past, you can only change the future' Gary Boulet.
'Show me the person who never makes a mistake and I'll show you the person who never makes anything'. Anon0 -
Good on you. Working towards been debt free will be fun now with the help of this site.
Rebecca x0 -
hiya welcome to mse, as judi says this is very addictive.... but you look like you are doing great on your own 
lets hope those debtfree and morgagefree dates can be smashed 
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