My Journey To Financial Freedom Begins

richardvc

Welcome aboard !

This site and the dfw board in particular are quite inspirational. I lurked for a long time without posting and cannot thank enough people for the amount of money that I have saved and the way I deal with my debts.

If you have a problem, share it with the board and you will find that you will not be alone but make sure you share your good news too !!

Anyway, welcome and good luck and just as a pointer, I received a phone call today from Amex to telling me that a cheque will be on its way later this week for my refunded charges !! If it hadn't been for this site I would never have got that money back !!

Paige

Just wanted to say welcome. Although I do not always post this board is FAB for support and ideas. Paige

joeblack066

"I Guess My Main Reason For Starting This Thread Is I Want To Get Away From The Feeling Of Isolation My Situation Has Given Me. I Have Very Good Friends And A Loving Family However Maybe Through A Combination Of Pride And Shame I Have Found Myself Unable To Tell Them."

Hi kingsg, yep, that is exactly where I am! Best of luck, I'm in it with you! Debs. :santa2:

kingsg

Well here it is folks ! not a nice picture but i am sure it could be worse. At least i now know what i am looking at in full.

Statement Of Affairs

Monthly Income
Income Amount
Net Monthly Salary £ 1,062.50
Bar Job £ 156.00 (This is a very conservative figure as this is changeable on a weekly basis. This represent the minimum that i would earn)

TOTAL MONTHLY INCOME £ 1,218.50

Essential Monthly Outgoings
Outgoings Amount
Mortgage/Rent

£ 100.00
Mobile Phone

£ 30.00 (Begins 1/2/2006)
Petrol

£ 15.00
Other Travel

£ 20.00
Birthdays/Christmas

£ 80.00
GYM

£ 47.00 (begins 1/1/2007)
TOTAL MONTHLY OUTGOINGS

£ 292.00
NET MONTHLY SURPLUS

£ 926.50

Monthly Debts
Debt Total Debt Min Payment Rate
Cahoot loan £ 8,756.04 £ 176.00 9.10 %
Lloyds tsb loan £ 8,923.60 £ 306.00 17.90 % (what was i thinking when is accepted this rate)
LLoyds TSB Credit Card £ 1,498.20 £ 31.00 7.90 %
Egg Card £ 3,014.73 £ 61.00 16.90 %
TOTAL DEBT £ 22,192.57

Thanks for the advice on the PPI had a look at some of the threads and will be sending a letter into them shortly. I have already sent a letter to lloyds in respect to historic bank charges on my account and they now have 22 day of the 40 to return the information to me..

Can anybody recommend a good current account, want to leave lloyds as soon as possible and feedback would be appreciated.

Cheers guys

FerociousDave

I'm thinking of going over to Alliance and Leicester from Lloyds, because Lloyds are charging me 18% for my overdraft! A&L will give me this interest free for one year, buying me a bit of time to get rid of it.

jenchin66

Bump for op

lynzpower

OP
a few things

If you are about to START paying the gym, get out of it before you start paying. LIkewise with mobile phone .

Do you seriously spend a grand on Xmas & birthdays? If so its too much :eek: its effectively you are working your bar job- just for that!

Verbatim

Bump ........

kingsg

bump and bump for op not really sure what this means, could you enlighten me !

nikongirl

'Bump' just means that someone's posting again in the thread purely to bring it back on to the first page of the forum. 'Bump for OP' means they're doing that so you get to see it.