Pay off as much as you can in 2012 challenge!

jwil

sarahs999 wrote: »

Well done snailmail. But I'm worried how your balance is going up if you've been overpaying? Have you been putting new things on the card? I thought minimum payments always included all the interest incurred, otherwise you could never reduce the balance with just minimum payments...

I had a card that was like this :mad: the minimum would not cover the interest. I had to be very careful to ensure I overpaid it.

jacci45 wrote: »

No 36 again...just had to a PAD of 35.00 to make my debt now 14999...so glad to be in the 14's!! Also Ive now paid 53% of total debt and have worked out since Dec 10 have paid 16944...what could I have done with that money???
I need to get this debt paid off asap in light of the cancer diagnosis as this is a secret debt...hubby has never known and if the worse came about I do not want him to be saddled with it.Im feeling positive but I have to think about the worse case scenario as well so another very important reason to pay this off asap.
Happy Friday all....now onto the 13's!!

Well done jacci, you've done so well. You'll have it cleared in no time. I know what you mean though, I do worry that if something happened to me, my hubby would be stuck with all this (it's in my name so not liable, but still a hassle).

jwil

debtfreeonedaysoon wrote: »

Hi

I would like to join in here, newbie with some debts that need sorting so my target for 2012 is £15,000

Welcome debtfreeonedaysoon, good to have you on board Good luck with the debtbusting

jwil

danetastic wrote: »

Number 94 here
After a VERY difficult month £700 paid against overdraft so am now below the limit
Don't know now whether to kill off overdraft or cc - what do you think

Well done danetastic - generally the idea is to clear the one with the highest interest first, so that is probably what I would do

166million

Hi everyone,

£89 paid off Very today, so that's me.....DEBT FREE!!! :beer::j:money::j:D:p;):T:T:A:j:beer:

I feel quite emotional reading all your congratulations, you are a lovely bunch - and you all work so hard to kill the dreaded debts.

Good luck everyone with the challenge - I will be keeping an eye on you

2012 total: 34. 166million -£1154/£1154 = £0

166million

Sorry I forgot this:

:dance::dance::dance:

debtfreeonedaysoon

jwil wrote: »

Welcome debtfreeonedaysoon, good to have you on board Good luck with the debtbusting

Ah, its a long slog but one thats very worthwhile, roll on 2015 when my unsecured debt is gone and I can work on the mortgage!!:j

jwil

Sarah (also anyone else who is interested) - just in case you hadn't spotted it - it's free listing this weekend :j

seasideDreamer

wannabehermit wrote: »

Gap insurance? I didn't realise you could claim that back. We've never had PPI so these companies phoning telling me that I can claim thousands back and then asking me if I'm absolutely sure I've never paid it don't get the politest answers! But I know DH had gap insurance on our old car as that was only a few months old, and I expect the car before that as that one was brand new. How do you go about claiming that back?


I'm almost at the £800 mark, current total is £796.12/£2000.

That's £15 paid off the Very today and Cap1 statement came out today, cleared £24.57. I do hate how much comes off compared to how much is paid but needs must and if cars need fixing, they need fixing unfortunately. Besides robbing the post office not an awful lot of choice. I'm expecting to get them pretty much paid off when we get a major breakdown.

I wondered but never did anything about it but got a letter from Bank of Scotland about it (loan was through the AA) and basically because I had shares/savings etc that could have covered the difference they gave me a refund. I suggest finding out who underwrote the loan for the car and contacting them. They asked me like a couple of questions and that was it.

fairyclicks

Just made a payment of £50 to avon account

That means i have paid off: £1272.75/5000

Been a bit slow at making payments this week - really must get my mojo back

archery

Morning,
just paid next months bills on my computer this morning - managed to clear another £1076.01 off my debts (dont forget the 1p :rotfl::rotfl:

my new total now stands at

number 89
archery - £2997.30/£12,000
Enjoy your day all!