I just need to say . . .

dingle123_2

That is so great, well done, you must feel amazing. Best wishes enjoying your extra money : )

Frankie100

GoldenJill wrote: »

That on Friday will be my last payment to Welcome Finance.

My last payment....

After five and a half years long hard slog I am finally nearly there. I feel like I have run a marathon with a huge anchor on my shoulders... can feel it slowly slipping off my shoulders and it's about to slide right off into the sea this Friday...

I aim to never ever take out another loan, especially one that somewhere in the small print they states 'our policy states we may increase or decrease the payments or percentage as when we deem necessary' ... I mean why did I sign that! Talk about giving a company a blank cheque! Of course they only increased the payments, never decreased....

Last year when I became a bit more affluent, I even increased my loan monthly repayment to try and pay it off more quickly however due to their 'policy' above it still took an extra 3 months!

I was grateful to receive the money, it allowed me to have a very fancy holiday in Vegas where I blew it all Red 32 :eek:.... kidding... but I was grateful, it allowed me to pay much higher debts and live from month without losing my house.

I just wanted to say to everyone who is currently on the loan hamster wheel of death... keep at it, there is an ending, there is light at the end of the tunnel and it's not a whistling locomotive....

I thought I would never see the end of this loan, I can hardly believe there is one payment left. I'll now have an extra £335 a month in hand. wow, haven't had that since I can't remember when.

Keep at it folks, you'll get there.
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Sorry for the drivel... you're probably asleep and not reading this anymore...:rotfl:

Fantastic news Jill !!:T

I cant even remember what my loan was for,it started off just a small one,then the phone calls came asking if I want a top up,I always said yes:(

BUT NOT ANYMORE!!:T

£157 per month for the next 5 years and then i,ll be posting just like you!.I can see light at the end of the tunnel Jill,so glad you made it,save it or spend it wisely,no forget that,just save it for something really special.

I love happy endings!!

Amatheya81

Great news well done!!!

I've got about 18months until I'm at the same point but I'm trying to get it down to 12. Can't wait.

Enjoy your new found spending money!

nancmat

Wow enjoy... I've got two months of my last loan left, paid of my other two in Feb and am already £465 a month better off... such a relief. CONGRATULATIONS!!!

ampafc

Congrats! It will be an amazing feeling having all of that left over at the end of the month!

Phelpsie001

Wow. They can increase the % whenever they liked? Well done for paying it off!!

JustinCredibleGillespie

Congratulations! An absolute Milestone, especially where Welcome Finance are involved. Maybe have a look now to see if your due back any PPI

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Phelpsie001 wrote: »

Wow. They can increase the % whenever they liked? Well done for paying it off!!

I know... isn't it absolutely ridiculous! I was a fool to not read it and take it out.. I mean really it could have gone up to anywhere.

I was grateful for the money when I needed it but even more grateful that I'm about to pay it off for good.

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JustinCredibleGillespie wrote: »

Congratulations! An absolute Milestone, especially where Welcome Finance are involved. Maybe have a look now to see if your due back any PPI

Thanks !

I didn't take out PPI - said no about five times when they tried to sign me up! so that's sorted

ElmerFudd

Congrats on getting it all paid off