Pay off as much as you can in 2012 challenge!

peaceandfreedom

Hi everyone and Jwil.

Paid off a total of £317.75 in March, bringing my total this year-to-date to £2211.36. That's not too bad and within target so way-hay. :j

steffi104

Just paid £800 off so I'm £1000 paid so far :j
#101 £1000/£10,000

snailmail

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 don't use this card at all anymore, luckily I've forgotten the pin--I only used it in January to get myself out of an overdrawn overdraft mess.

My minimum payments went from about £30 to £60; starting this month, plus the stupid prolifestyle payment off the top of it---I thought this had cancelled since I had a letter from MBNA saying they were investigating my PPI claim against this, but obviously not! The interest on the card was £41 and the pro lifestyle was £16 so the small overpayments I was making didn't make a difference at all! I have now spoken to virgin and they've cancelled the pro lifestyle so at least now the minimum payment will cover the interest and a little more.

No extra payments yet, but my last DD goes out my current account on Thursday so I will at the very least round down and pay a little more off to Virgin

skaps

Update from me paid off £1331.27

lynnsey30

#98 adding £10 please. Over 1/5th of the way there now :j

sarahs999

well done everyone making payments. Can't wait for today's total!

jacci45

12.00 PAD so now owe 14814/31843 and paid 1766/10000

Happy Monday all!!

SS6624

Payment of £125 made, making my challenge total

#124 - £263 / £14,990.16

Looking forward to watching this balance shrink dramatically this year!

LAM2011

Hellooo everyone. Sorry about being AWOL - I went on holiday . Back now and ready to do some proper debt busting. Had plenty time for thinking on holiday and have come back with renewed enthusiam to chip away at it. My current total is :

# 2 £3,371 / £7,500

archery

Just paid an extra one off payment on my mortgage of £60.00 less than 5 years on this debt so on a mission to reduce this and pay if off one year early :j
89 £3117.30/£13,500