Debts consolidated!

immoral_angeluk

You are far from debt free hun. Just make sure that you don't use the cards again once they're paid off, cut them up and cancel them as soon as they're clear otherwise I guarantee you'll end up in a downward spiral.

System

Broken_hearted wrote:

Been there done that now the loan is one debt among many and costing me the most.

Me too. I am you and you are me, you are me and I am you. Oh my friend I cant see you, this plate fungus obscures my view. (Vic and Bob). Apologies in advance.

JohnInDebt

LewisC wrote:

Hi everyone,

I got a call from my bank manager yesterday asking me to come in and see her today. When I got there, she asked me for a breakdown of all my debts, and proceeded to tell me that they could consolidate all my debts for me with a loan on my account at just 9%. It all went through brilliantly, and the money will be in my account at midnight!

It is such a relief to be essentially debt free - no more credit card bills, no more car finance - just a direct debit to the bank each month, which works out as less than I was paying anyway!

It's the last step towards being completely debt-free and it feels GGGGRRRREEEAT!!! :j :j :j :beer: :beer: :beer:

That was the exact reasoning that got me into a mess a few years back.

Please don't go down the same route as me.

Phoenix79_2

Consolidation can work if you are very strict with yourself. Hope you are Lewis C I've consolidated four times! Learnt my lesson now!

Mrs_Sparkle

Hi LewisC,

The last time I consolidated was 2 years ago- I got a loan for £16K, got a nasty shock when I saw that figure written down and promised myself faithfully that I would never run up a single other debt as long as I lived. But I did- and look at my signature :-(

I'm sure you will learn from our mistakes and not fall into the same trap. Wishing you the best of luck.

skintasusual

i reckon I have consolidated 4 or 5 times....to be honest I cant remember!!

needless to say i didn't cut up my cards...all chopped now though!

just don't learn the hard way like me!

LewisC_2

Hi guys,

Thanks for all your concern - it's very touching, but I can guarantee you that I'm nowhere near the slippery slope (and I'm wearing shoes wih 6 inch spikes on the bottom anyway )

I had my lightbulb moment a while back, and I don't think for one minute I'm debt free, but I'm a big step closer. I now only have one debt, and I can pay more off it each month and be clear before long.

As a side note, the amount of debt I have is nowhere near the figures I've seen thrown around here. However, debt's debt and I'm 100% committed to clearing it ASAP. I have no-spend-days virtually every day of the week

Mrs_Sparkle

LewisC wrote:

Hi guys,

Thanks for all your concern - it's very touching, but I can guarantee you that I'm nowhere near the slippery slope (and I'm wearing shoes wih 6 inch spikes on the bottom anyway )

I had my lightbulb moment a while back, and I don't think for one minute I'm debt free, but I'm a big step closer. I now only have one debt, and I can pay more off it each month and be clear before long.

As a side note, the amount of debt I have is nowhere near the figures I've seen thrown around here. However, debt's debt and I'm 100% committed to clearing it ASAP. I have no-spend-days virtually every day of the week

Good for you hun :T

Diamondgirl

Originally Posted by Broken hearted
Been there done that now the loan is one debt among many and costing me the most.

Im just the same!

james32_uk

Absolutely the right thing for you to do in your situation. Just one thing:

CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!! CUT THEM UP!!!

You WILL regret it if you dont I promise!