Paid off £15K this evening.

Skint_Entrepreneur

Just paid off £15,000 on credit cards this evening. I have £12K outstanding. I have a new job which has increased my net pay by £500 pcm, rising by another £400 over 4 years at today's price. Wife has a new p/t job paying £550 pcm net plus a little commission. How did we pay off £15K? We sold (not cashed in) two endowment policies. By January 2007 I should be saving again to pay off the remaining £12K. It's been a tough 10 years. My wife gave up work in 1995 when out 1st daughter was born. She had special needs requirements. We had no family to support us. I held down a couple of jobs. We lost £900 pcm net salary as a result but we were determined our first and second daughters would have a mother at home. We have moved house three times and entirely moved area once. I am tired, my wife is tired (anemic I think) but the children are doing well at school. When I get entirely debt free I'm going to write to all the credit card companies and I will tell them where to stick their bits of plastic. Would you believe one of my creditors sent me some blank credit card cheques? Ar*eholes.

jessicamb

Well done on your determination to get debt free.

Skint_Entrepreneur

p/s My mortgage is £917 pcm. It will rise to £1100 in January. My current lender has sent a provisional offer for a new 2 year deal. Do you think they'll let us take the cheaper deal since my credit rating or whatever is now a bit messy? We stopped paying full monthly amounts to credit card companies in May 2006. We are up to date with mortgage payments, and no CCJs.

jessicamb

Not my area of experise but worth a try

seven-day-weekend

Well done in your quest to be debt-free (and for thinking it important to have a mother at home when the kids are little).

LittleL_4

Sounds like your tenacity and determination has finally paid off. Very well done :T :j :T :j - you sound like an amazing dad! :A
L
x

chevalier

Even though you have had trouble with debts, it is still worth looking at switching to a different mortgage provider. Your current one may have offered you a deal, but it may not be the best one. So you could check out some other ones, or maybe you could be cheaky and phone your current mortgage provider, and say that their offer of a deal is a nice starting point, but surely they can do better as you are a good payer etc.
best of luck and well done so far
chev