The Debt Free Roll Of Honour

diamonds

MSE_Andrea wrote: »

Love these diamonds!

Thanks Andrea When you master these you master the hardship ongoing so much easier too clearing such debts and doing without.

Was a very hard lesson/s to learn at the start though! The depression that financial difficultly caused at the start taught me it - being 3 times your annual incoming in debt is a hard lesson to learn, as was 65%+ of my debt the ex and a lifelong 'friend' caused and left me up a sewage river with no paddle, karma though... in the long term I win.

Even going off sick years later for physical problems I held my ground and carried on, even with the stress DWP cause claimants -they lying had me in tears a few times, more than the debts ever did. The whole experience has made me a better even more compassionate human being, I have taken more time to help people with depression, bipolar, drink and drug issues and dementia and that is priceless I have learnt not to help others financially too, other than teach them my ways of money handling, MSE'ing etc lol


For any scots on the board offering £5 a month to any debt should stave off court action with a incomings and outgoings breakdown (a financial helper at CAB who wanted to know if I done it properly!? then said you have nothing for clothing and recreational in it, I said I make do, the internet is a source of entertainment, bargains and education) when I could pay more I did.

The biggest single debt was BOS unsecured loan just under £9000 who miss sold me PPI on it I could not use and I refused to pay anything...I told them they will never get a payment until it drops off my credit file because of this and I guess they thought the default was enough punishment for 6 years, they knew taking court action they would not win because I had them over a barrel on mis-selling PPI and never got 1 more letter the following 4 and a half years I also paid nil and it dropped off my credit file.


Hard ball and hard slog...anyone can do it, if I did...just dont let the mental stress side take priority over the focus of being debt free

katy_ann

Hi all - Im so excitied, it's my day to report in on this thread! I've just made the last payment to my credit card clearing it! I'm officially debt free!


a. The date of your lightbulb moment: December 2012
b. Debts at their highest: £8500
c. Debt-Free Date: 10th December 2015
d. Your one perl of wisdom: Put a little money aside each month for yourself, even if you go out for one meal or one night out!
e. Links to the MSE guides that helped you: I found the DFW board was my saviour!
f. Which forum threads helped you: £2 savers challenge, Daily DFW check in
g. And if you had a debt diary on the Debt-Free Wannabe board (DFW), a link to it: N/A


I'm so happy! I'm off for beans on toast to celebrate!! (Not cause I can't afford to eat, just because I'm really craving it!!)


Keep up the hard work all you DFW-ers - I had times were I was low, high, upset. I've battled through depression and OCD during my time paying off my debt but I'm proud to say that I paid off every last penny that I owed!


You will have hiccups along the way, oh my god, I did - loads!


Good luck to everyone else! x

beanielou

Great result Katy Ann.

No 99

Playing_with_Fire_2

Just found this thread, so pleased as I became debt free in 2015

a. Lightbulb moment was August 2012
b. Debts were 116k loans and credit cards plus 76k mortgage = £193,214.31
c. I was debt free on the 27th July 2015
d. Health, then wealth, then things.
e. I couldn't have done it without the budget planning guide and OS board

beanielou

Playing_with_Fire wrote: »

Just found this thread, so pleased as I became debt free in 2015

a. Lightbulb moment was August 2012
b. Debts were 116k loans and credit cards plus 76k mortgage = £193,214.31
c. I was debt free on the 27th July 2015
d. Health, then wealth, then things.
e. I couldn't have done it without the budget planning guide and OS board

So we reach a 100 :j :j :j :j
Thank you everyone who has posted :T :T :T

fermi

What a fantastic benchmark for next year.

100 by 11th December. :T:j:T

Former_MSE_Andrea

We really are so pleased and proud of everyone on here for all your efforts. You truly are phenomenal and totally inspirational to everyone here on the Debt Free Wannabe board.

A fab early Christmas present for us at MSE Towers!

Don't forget to post on the "What they did next" thread to let us know how it's going.

katy_ann

Thank you all! And thank you MSE for my debt free badge! I'm so proud, I never thought I'd get here and seeing my online banking state a big fat 0 for my credit card is an overwhelming feeling!

fermi

MSE_Andrea wrote: »

Don't forget to post on the "What they did next" thread to let us know how it's going.

For reference, I think that is this.

---> DFNLWs - what did you do next?

Rachiedabbler70

I became debt free this year.

a. The date of your lightbulb moment - I really started to concentrate on reducing my debt in Nov 12
b. Debts at their highest - £18,000
c. Debt-Free Date - 19.09.15
d. Your one pearl of wisdom - keep at it little by little and don't borrow any more
e. Links to the MSE guides that helped you - I used the demotivator to stop small spends that added up, such as meals out and takeaways, I also motivated myself using the mortgage overpayment calculator and realising that if I got rid of my debt I could then save myself lots of money by paying off my mortgage
f. Which forum threads helped you - pay your debts off by Xmas 2014 and 2015

I have now saved £1,050 for an emergency fund and am overpaying my mortgage by £200 per month, paid Xmas from my salary this year and will overpay my mortgage by £500 a month from Feb 16.:j