It will be GONE !!! Part Two

Herewego

DebtFree2012 wrote: »

Fantastic news on the BT HWG and congrats to DS, i bet you are SO proud. That's what life's all about - enjoying those we love (that and kicking Ricardo into touch lol).
My worry is once a card is paid off, if I close it then effectively on credit report i will be using more % of available credit and just lost xx credit due to closing a card if that makes sense.

IE currently use 89% of available credit, close off CC and lose a 4k credit limit so now using 94% of available credit and avail credit is 4k less.....i am rubbish at explaining things lol.

I don't even know if that's how it works, and it's a long way off before i need to worry about it lol.
Have a lovely day xx

I do understand what you mean, at the start I just wanted to close everything and I did close all the high interest things I had as I knew I would never get caught up with them again. I have now realised that I probably wont get any new cards authorised and now I'm getting some 0% deals I will use them to my advantage.
You will get there just keep focused as these things take time.

Woowoo

Great news on the mortgage statement, do you think you will try and pay this quicker once debt free?

Herewego

Oh yes, I even have the spreadsheet set up ready. We have always overpaid by a bit and currently overpaying by about £70 a month but when we can throw the extra at it I have a plan that by the end of 2015 we will owe nothing so 5 years hard slog.

Woowoo

That will be the most amazing feeling in the world HWG

REDMADCURLS

Would you not pay the £70 to your debt for this year HWG, just to cover the shortfall you found.

As for worrying about not having credit card, LMAO, thats so long away in my life, we will have gone thru' this recession and be on our way to the next before I will be eligable!!

But yes, imagine having no mortgage............what a glorious feeling and most definately on my long term plan!

Herewego

I would have put the extra £70 to debt but when our interest rate when down it reduced by about a few hundred so I just rounded the payment up. Also DH is desperate to overpay the mortgage so this little sacrafice keeps him happy, not sure why he worries about this when we have 30k of cc debt LOL.
just completed a survey online £1 :T

Red this time next year im sure you will have some cc on 0% , watch out I could be travelling your way soon just had a text to say surprise party in Feb for one of the family they could have given us a bit of notice.
I can see next months overpayment disappearing before my eyes

REDMADCURLS

Oh Lord, thats not going to be cheap!

Is it Dublin your DH is from?

Herewego

Yes just outside had a quick look and have found flights for 3 for £95 all in dont need a car or hotel and as lots of children there wont be going out i doubt so just a bottle of vodka

REDMADCURLS

Thats not a bad price, and the euro is crap so your £ will go further...............LOL maybe you should bring the car just to buy fuel, it is about the equivilent of £1.10 there! (We only live 12 miles from border and are thinking of going down soon, just to get diesel, saving about 22p a litre)

Herewego

LOL it would probably cost us more than the flights to drive DH tank to the port, he is thinking about it so that means you will have to sort everything out and tell me when to be at the airport MEN !!!
We have a small stash of Euros from the regular visits so shouldnt need many.
Great saving on the fuel you could take a picnic with you make a day of it :money: