Shocking Myself Straight

2

Comments

  • natlai
    natlai Posts: 35 Forumite
    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.
    Debt of £15,000 plus £9000 for a car :(
  • Mrs_Trouble
    Mrs_Trouble Posts: 75 Forumite
    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
    pudding06 Posts: 625 Forumite
    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.
    August 2009 grocery challenge £172.64/,,,,,

    no point in doing grocery challenges, have no money left over to eat :0/
  • DNW_2
    DNW_2 Posts: 74 Forumite
    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 http://forums.moneysavingexpert.com/showthread.php?t=3160618
    LBM Feb 11 - Joint Debts of around £80,000 _pale_ And nothing significant to show for it :embarasse

    Actual Debt at March 11: £79,269.65
    Debt as at July 11: £82,483.16 :mad: Thanks to fees & charges! :mad:
  • Chrisblue1962
    Chrisblue1962 Posts: 1,203 Forumite
    First Anniversary Combo Breaker
    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
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    28th October 2019 -
    £13,505 - 27% paid off.
    Demolishing my House of Debt.. one brick at a time!! :)
    Thinking of spending???..YNAB says "NO!!!!"


  • Chrisblue1962
    Chrisblue1962 Posts: 1,203 Forumite
    First Anniversary Combo Breaker
    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
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    28th October 2019 -
    £13,505 - 27% paid off.
    Demolishing my House of Debt.. one brick at a time!! :)
    Thinking of spending???..YNAB says "NO!!!!"


  • DNW_2
    DNW_2 Posts: 74 Forumite
    Good Luck DNW you have lifted my spirits immensely
    :T


    Aww shucks, thanks :o 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:
    LBM Feb 11 - Joint Debts of around £80,000 _pale_ And nothing significant to show for it :embarasse

    Actual Debt at March 11: £79,269.65
    Debt as at July 11: £82,483.16 :mad: Thanks to fees & charges! :mad:
  • Chrisblue1962
    Chrisblue1962 Posts: 1,203 Forumite
    First Anniversary Combo Breaker
    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) :D

    Thanks again DNW :A
    DFW'er - Lightbulb moment : 31st July 2009 - £18,499
    28th October 2019 -
    £13,505 - 27% paid off.
    Demolishing my House of Debt.. one brick at a time!! :)
    Thinking of spending???..YNAB says "NO!!!!"


  • fozmcfc
    fozmcfc Posts: 3,098 Forumite
    First Anniversary Combo Breaker PPI Party Pooper Debt-free and Proud!
    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
    DNW_2 Posts: 74 Forumite
    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!
    LBM Feb 11 - Joint Debts of around £80,000 _pale_ And nothing significant to show for it :embarasse

    Actual Debt at March 11: £79,269.65
    Debt as at July 11: £82,483.16 :mad: Thanks to fees & charges! :mad:
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