Shocking Myself Straight

natlai

I set up a bog standard online savings account that I transfer the amount of my car loan to on pay day and then move it back to main account 3 days before it is due. That way I know I've always got it.

Mrs_Trouble

DNW wrote: »

Another strange thing has been happening.. we've been getting SMS texts to the home phone from Frederickson International - but we haven't actually defaulted on anything yet, in fact we're still up to date with minimum payments at this point in time (but won't be after I cancelled all the DDs today..). I wonder if they're calling from the future!!

How bizarre - I have had texts today as well and my CCCS letter went out on Friday - maybe they have a mole?

pudding06

I have had texts 2 days running form frederickson international, its really irritating as I havent defaulted on anything either. I did a search on here but nothing but this seems to come up, wonder what it is, sure I dont have any out standing payments.

DNW_2

I found out what they were ringing me about - it wasn't actually me they were after, it was my ex DH's wife!! I posted about that in a new thread https://forums.moneysavingexpert.com/discussion/3160618

Chrisblue1962

One of the reasons I love this site and forum is that as a fellow DFW'er I learning a very hard lesson about money and credit.

The good thing is that this site is helping thousands of others to empower themselves and get free of the slavery that is misguidedly called "credit".

Good Luck DNW :T

Chrisblue1962

One of the reasons I love this site and forum is that as a fellow DFW'er I learning a very hard lesson about money and credit.

The good thing is that this site is helping thousands of others to empower themselves and get free of the slavery that is misguidedly called "credit".

I really love the bit from DNW which says "...start living the life we should have had if only we weren't giving so much of our cash away each month."

By being enslaved to credit WE are giving away the money WE have worked hard for but THEY are getting the benefit of !!

I'm also going to set up an online savings account so that I can "ringfence" my CCCS payment and ensure that it's paid without fail. Also now have credit union account for car tax, car servicing and alike.

Good Luck DNW you have lifted my spirits immensely
:T

DNW_2

Chrisblue1962 wrote: »

Good Luck DNW you have lifted my spirits immensely
:T

Aww shucks, thanks It's just so great being here where there are people at so many different stages of their journey (why do I think of X Factor every time I say that!! :rotfl:) and the support for complete strangers is just amazing.

Good luck with your [STRIKE]x factor[/STRIKE] journey too :beer:

Chrisblue1962

Not meaning to hijack thread but...

I set up a second Co-op Bank SmartSaver account this afternoon - apparently you can have as many as you like according to the nice Co-op Bank lady I spoke to - this means I can "ringfence" my CCCS payment when I get paid (15th) and transfer it back into my Cashminder basic account the day before the DD operates (1st following month)

Thanks again DNW :A

fozmcfc

I too wished I had had my LBM years ago and not when I was 38.

Due to being a bad gambling addict from the age of 18, I dread to think how much I have chucked away. Had many loans/credit cards but the only good thing I can say is that I have always managed to just about stay on top of my debts, but must still have paid 10k + in interest easily.

Luckily I have always had a good/well paid job and have never had any massive outgoings. Now the bad gambling days are behind me, I have managed to finally start to turn around my life.

Next year I will hopefully get my first ever place of my own (rent probably) and that's at 41 years of age.

Finally, it is possible, to used some form of credit to your advantage, such as Credit Cards on 0% interest and also I was lucky enough to transfer my original CC debt to a 0% deal as well.

DNW_2

Foz well done on beating the gambling, it must've been quite a tough mountain to climb and good luck in getting your own place :T

I know it can have its uses, but for me, I know I will never have any kind of credit (0% or otherwise) ever again - I can't trust myself (or DH) not to spend if the credit is available, so it'll be cash savings all the way for me (although having any kind of savings is a very very long time away yet). I guess I feel a bit like a reformed alcoholic who can never go near a pub or off-licence. God bless my late dad and all the personality traits I inherited from him!