Pay off as much as you can in 2012 challenge!

danetastic

Can I join Had LBM after being turned down for loan to clear debts and by end of year want all debts apart from mortgage gone therm next year will work on that ATM I owe vet 200 and have total of 4000 on cards as well as 2000 overdraft . Have 350 a month that can start to pay ant think overdraft fist (am I right). Then cards vet paid this mpnth

Needhelpsaving

danetastic wrote: »

Can I join Had LBM after being turned down for loan to clear debts and by end of year want all debts apart from mortgage gone therm next year will work on that ATM I owe vet 200 and have total of 4000 on cards as well as 2000 overdraft . Have 350 a month that can start to pay ant think overdraft fist (am I right). Then cards vet paid this mpnth

Hi Danetastic - welcome to the thread. I think that in order to advise on what to pay off first, it wouldbe helpful to know what the interest rates are on your overdraft and CC.

Then I would pay off the most expensive debt first.

jacci45

Hi all.........no 36 reporting..a baby overpayment to Sainsburys and b/card so now owe 16433 and this yr have paid 156.86/10000, going down exceptionally slowly...will I ever get to the 15's???????

Happy Sunday all!!

Happytogetdebtfree

Keep doing what your doing jacci and im sure you will achieve it xx

jacci45

I know I will Happy and thanks for that but Im being a bit impatient at the mo. Also Im earning a fair bit less at the mo as cant do o/time at work due to wrist which is frustrating...but we will get there in the end.
I just wish the end would hurry up!!!

Happytogetdebtfree

I know what you mean, at times like this its always good to remember we didnt accumulate overnight it wont go overnight but take pleasure in the fact that had you not had a lbm you would have quite possibly have been further into negative wealth .... we are all in the same boat i cant wait to get near where you are but with the support of this thread and positive thoughts we will all get there xxx

millionaire_in_training

£8 for me today. This is way too slow for me and I need to up my game. I have nearly £4k on a cc to pay by August before the 0% runs out :eek:. Doesn't sound that much but on top of everything else it will be hard going. I've sat for most of the day choosing a new kitchen which I have promised myself when I pay this all off so that will spur me on I hope .
Any way that's £565/ £10,000

seasideDreamer

Paid off £5 from ebay and Quidco so that's 46.00 paid off so far this month. Hmmm not going great, decided to sell my Santander shares asap, which are worth approx £750. Then I found out Santander will soon be charging me £20 a month for my overdraft so I think I will vote with my feet and get a new bank account but this also means my £1300 overdraft needs paying off now:( looks like this will end up being added on to cards and the debt increased. So gutted as its one thing after another right now. On the plus side our joint account is also so overdrawn that BFs also wanting to be fruggle too so at least I won't be broke alone and stressed out about the lack of money because he'll be being better too:)

I'm hoping all these increases are temporary and not the real picture of our finances. There's been there car insuarnce, £130 of bits for the car this month already so its not like its all normal expenses. Phew here's hoping a few balls come up on the lottery soon through lol even a tenner would help:)

Happytogetdebtfree

I closed my Santander account I was not impressed but to be fair no bank is great I'm with Halifax now i don't like the hassle of organising direct debits but I suppose as things get paid off less to transfer to new banks :-) xx lets aim to put a cripple on the financial companies bonus's this year hehehe x

seasideDreamer

They are truely awful and pretty useless customer service wise. I have quite a few shares so looking forward to selling those and using the money to cut all ties with them:)