The "Pay ALL your debt off by Xmas 2012" challenge

michelle2904_2

Gutted to say my debts are £11,255 on credit cards & £15,000 in loans

My 2012 challenge is to pay all my credit cards £1,000 a month also to continue paying monthly dd on my loans then to batter them in 2013.

mrso2b

Another £35.94 off the Barclaycard

#152 £447.49/ £12,000

mrso2b

lemonpopsicle wrote: »

Hi peeps,
I need a bit of advice/ thoughts. We have had an insurance pay out of £1200 and I would like to use some or most of it for debt repayment. Do I a. Pay £1200 off of cc debt of £4800 at 12% apr
b. Pay same amount off of NR loan - £1600 outstanding 6% apr

My gut instinct is to pay it off cc because of the higher apr, but it would make a bigger dent in the loan. Any advice welcome

you could do half and half?

salkunh

Hello all!

Have returned from a mountain of chocolate wrappers and Christmas films! Back to normality now

Just managed to make another £30 payment thanks to Santander giving me some money back. They'd charged me for an overdraft and card payment but there was money in the account and it never went into an overdraft. I suspect I'd partially helped fund their Christmas party :rotfl: but thanks to the call centre (who amazed me by actually being helpful), the money is back in my account. So to celebrate, I put it against a debt :T

New total is....

#030 £103.59 / 38028.13

bottleofred

Hi,

Can I sign up please. I have total debts on cards of around £3000 with the majority at 0%, but around £800 at 16.9%. I had hoped to be debt free by 2011 and have made serious inroads, but hope this thread is an incentive for next year.

loubie_lou

Hiya Munckins. Missed you all a lot. Payday today. 35 days of waiting. It's almost like the time of the month isn't it hahaha?! :rotfl::rotfl:

Anyway, here is my update:

#4 £1220/£13,876.93 :T:T

Hoping to pay off some more in a week or two when some cheques etc clear.

PS Jemma, glad to see things are ok for you xxx

PPS Well done to everyone else, you're all doing sterling job :money::j:beer:

PPPS Cleared one debt today. 5 more to go!

lancashirelassie

Hello everyone,

loving the link.

I cant believe how many of us are in the same boat. It seems weight gain comes with debt!!! oh dear and this country has a lot of obese people..I too am on that magic 3 stone loss required along with the debts. Been reading on here for a while and been inspired by comments and tips and been making use of them, thanks.
I have just cleared a Halifax card in December and feel epic as i was incurring charges I am on a roll to get the others sorted.:jI will be snow balling the debts. Need to register with 365 Days thread also and am going to my son and his gf on this also.
£1300 (0%)to Nwide 0 by May 2012. snowball payments plus 2 free council tax months will have it sorted;)
£3200(0%) to Virgin in 2 parts May and July 2012 will have to move this onto another 0% though. Minimum plus £10 snowball payment.
DH £150 on Barclays till July 12 this is £30 pm(0%) till paid off!!;)
Need to find a sealed pot in a charity shop and will take that challenge on
DH £2400 Virgin (0% till March 2012 - needs moving in Feb)

Good luck everyone

mf0u1098

Wow, it's taken me 1.5hours to catch up and write down everyone's totals so I can update the 1st page with our debt busting and add our lovely newbies.

:wave::wave::wave:We have 30 new members!!!!:wave::wave::wave:

Welcome to all of you and congratulations on your debt busting peeps. Hopefully tonight I should be able to get to grips with what I've managed to pay off as I still haven't done it!!!

natlie

Another £55 payment today #023 Natlie £707.31/9800 In 12 days I will have got rid of the first £800 and more :jpleased so far as on crap maternity pay and didnt think I would have been able to pay so much

mf0u1098

Right, I think we're fully updated now...phew! Can you please let me know if I've missed anything xxx