We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Self Debt Management!
gymbunny1984
Posts: 12 Forumite
Hi Guys, I just wanted to post my positive experience. Still in debt, (£10,300) but I am now repaying! Wohooo!
Basically I got my head out the sand and rang each creditir myself. I have plans with each and repay a slightly lower amount, but without interest! SO my debt is coming down and I'll get no defaults registered. :-) This is set for a year (MBNA set for 5! much better) other companies ay extend the plans when we reevaluate after a year.
just wanted to say despite the initial tears, and worrying about my credit file, its a massive eight off my mind!
5 years at this rate and I'll be debt free. However I am paying further chunks off when I get bonuses etc so It will be less.
:T
Basically I got my head out the sand and rang each creditir myself. I have plans with each and repay a slightly lower amount, but without interest! SO my debt is coming down and I'll get no defaults registered. :-) This is set for a year (MBNA set for 5! much better) other companies ay extend the plans when we reevaluate after a year.
just wanted to say despite the initial tears, and worrying about my credit file, its a massive eight off my mind!
5 years at this rate and I'll be debt free. However I am paying further chunks off when I get bonuses etc so It will be less.
:T
0
Comments
-
I am just the same, thanks for your post "great news". :-)0
-
Nice one gymbunny!Savings target: £25000/£25000
:beer: :T
0 -
Well done, I have my own DMP set up as well, just a case of putting your big girl (or boy) pants on really and realising it isn't going to go away.Light Bulb Moment: October 2011
Debts: Cabot [STRIKE]£3289[/STRIKE] £0 :jLink 1 [STRIKE]£4050[/STRIKE] £0 Monument [STRIKE]£2907[/STRIKE] £0 Link 2 [STRIKE]£1083[/STRIKE] £0Overdraft [STRIKE]£3450[/STRIKE] £0 :beer:
Mortgage balance Mar 15 £16,927.68 / £14,3,8100 -
Good luck on your DF journey!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.5K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.5K Spending & Discounts
- 245.5K Work, Benefits & Business
- 601.4K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards