One Last Hurdle to GO!!!!!

FatJock

Hi all,

Thanks for your replies.

With regards to the type of student loans I took out. As far as I remember I need to earn the national average wage (which I think is over 23k) before I have to pay them back. Also if I dont pay them back before I'm 55 then they get written off by the govenrment.

As Imenda asked for my top 5 tips, I would suggest the following:

1) Work out what is owed to all your creditiors (I didnt follow this piece of advice to the letter but I knew what was owed and who wanted it). Try not to aquire any further unwanted debt (stop the rot so to speak).
2) Budget - Really important. Work out whats coming and what essential needs paying first(mortgage, food, tax, water, fuel etc) then look at whats left for your debts.
3) Use the snowball calculator to work out which debt to pay off quicker. I would suggest that you tackle any debt that is about to goto court first. This is one headache you do not need.
4) Make your payments on time and do not miss payments. Even if they are just token payments. As soon as you miss one, your creditors can say you've broken the agreement and start to make unreasonable financial demands on you. If you stick to your agreements then they cant take you to court. Remember to stand your ground - if you cant afford it dont be bullied into overstretching yourself. STAY FOCUSED.
5) Live Life - you only get one shot at it. Although you may be in debt you are still a human being with wants and needs. Try to treat yourself once in a DFW while (just try not to add to the existing debt).

I would also say - remember to laugh. At the end of the day you will achieve your goals if you stay focused but there is no need to forget who you are in the process.

Cheers,
FatJock

vics_1982

Well done fatjock,

You have done brilliantly, keep up that good work, you remind us all that sacrifices are definetly worth it and your sacrifice will be more than most.

Well done
Vics
xx:j :beer:

LookingAhead

Good 5 (ok 6!) tips there FJ! Liking them a lot.

Glitterari

Well done!

Sassers

Hello FJ! Huge congratulations to you. Seems you and me are both doing really well at the moment, as are others! I really enjoyed reading your post and hopefully catch up with you sooner rather than later elsewhere on here
Well done chook!
love Sas x

babes21

That's great, well done to you :j

poppycracker

Thats great news, well done! Enjoy your new start :T