£1 loan payments, orangutans and learning it doesn't all happen overnight...

Kepp

I have the first Lloyds loan I took out about 18 months ago which is now at £6,871 and 12.9% so that's my one to tackle after the secod loan I took from them. That's 14.9% so that's at the top of the hit list.

I still have the Santander o/d of £1,400 which is the one I'm saving up to pay off in Jul 11 when the 0% runs out and it reverts to 12.9%. Still got £1,332 to find!

And I still owe my Mum £1,304. This is 0% obviously and I include it in my debt total but I don't have a specific amount I pay off it each month as such as I pay it off by working for her.

So, 2 loans, 1 o/d and my Mum.

Much better than at the beginning when I had 1 loan, 3 o/ds, 4 CCs and I owed my Mum and my Dad! It's much simpler now.

What other debts do you have after the Lloyds CC?

Woowoo

After the never ending Lloyds card I have:

Overdraft £2,898 - 12.30%
Barclays c/c £2,963.78 - 6.9% (life of the balance)
Mum £1,300 - 0%

I can't wait to start on that overdraft and get Lloyds out of my life for good!

At the begining I had 4 credit cards, an overdraft, Next and Additions!

It will be nice to see that Santander o/d go in July, I'm sure you'll manage it

Kepp

After the nasty Lloyds card I'll bet you'll really speed through the others without so much of a high interest rate to hold you back!

Will you carry on with all the small payments to the others? Well other than your Mum, she might not appreciate being sent 1p! :rotfl:

I'm hoping I can get there for the o/d. I know at 0% in a way I probably should be putting that bit extra towards the loan just I would rather pay it straight back when the time's up rather than see £15 a month interest accruing while I carry on attacking the same loan as I am now if that makes sense?

It's so much nicer once you feel you've simplified your debts a bit doesn't it

Woowoo

I will most definately be carrying on with the penny payments to the others. I think the minimum random payments to my mum will have to fivers or I will drive her crazy!

Kepp

You could make penny payments to a pot or something and then pay your Mum each time you had a fiver.

Keep staring at my spreadsheets as if somehow the figures will miraculously change

Going to try and go sub 23K by the end of the month I think

Woowoo

Sometimes I sit here for hours just staring at my spreadsheets, but the figures remain the same!

You can do it Bec's, those shifts at the club should help loads - if not you might have to get on that pole!

EB69

I do that too - constnantly staring at the figures as if anything is going to change!

Kepp

Just been chatting to the girl who got me the job as we are both working tonight. She's just told me that on a reasonable night one of the dancers could expect to take home about £300 for 3 hours work.

Maybe getting on the pole is not such a bad idea....:rotfl:

Woowoo

I think you need to start working that pole Bec's.....

If_My_Pennies_Were_Pounds

Meant to be a great form of exercise too