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Being in debt

Yes i am one of those unfortunate many who is in debt.

Being young and spending far beyond my means got me there.

Well after looking at my statement, i've found that one out of my three debts finishes off in a few months which puts me in a far better position for paying off the two credit cards i have left.

Now i've done this the hard way, paying off much as i can gradually whittling it down.

So just as a let know to all of you who feel despondent, there is light at the end of the tunnel, all of us have been there and know what it's like to feel trapped.

Just wanted to add my little piece, hope none of you mind :)

Comments

  • Not at all. Well done. Do you see yourself cutting up all your cards and never use CREDIT CARDS EVER again?
    Credit Card Debts: £11,605.95/£16,240.53 - 71% paid off.

    £4,634.61 credit card debt remaining. Aim for credit card debt free before
    [STRIKE]October 2011[/STRIKE] December 2012. In debt since 2004.
  • bottleofred
    bottleofred Posts: 2,902 Forumite
    Well done huxley. I hope your experience can help others in debt.

    Red
    If you've nothing decent to say, perhaps you shouldn't say anything.

    £2 savings jar £300:D
    Total credit card debts £1250:mad::mad::mad::mad::mad: - Will I ever learn!!
  • huxley309
    huxley309 Posts: 12 Forumite
    Too right, one is closed and being paid off, the other is egg who won't close it, but that's ok just means i'll save it for last.

    The other is a loan, which will cut my outgoings by a third if not more, which will make quite a difference as im sure you all know.

    I'll keep using the one card, but it will be tightly used, i've learned the hard way just how easy it is to get trapped into debt.

    Not paying it off, just barely able to cover the payments, that's where they like to keep you.

    They'll have a shock in a few months that's all i can say ;)
    Not at all. Well done. Do you see yourself cutting up all your cards and never use CREDIT CARDS EVER again?
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