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We've just cut up all our credit cards!!

:eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek::eek:
Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: £41,568

Oct 2012 = Current debt: £40,548.93
Oct 2013 = Current debt: £39.054.70


DMP Support number 424 - Long haul number 308
«13456

Comments

  • Jenjen
    Jenjen Posts: 148 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    Well done!!!!!:j

    We've still not quite been brave enough to do that!
  • January20
    January20 Posts: 3,769 Forumite
    Debt-free and Proud!
    Scary feeling isn't it, to be without a "working" credit card?
    Well done!
    LBM: August 2006 £12,568.49 - DFD 22nd March 2012
    "The road to DF is long and bumpy" GreenSaints
  • Yep, we were terrified cutting up the Barclaycard as that one was still 'working', but we just simply can't afford to keep any credit cards going, can't even pay it off and it's a baby debt compared with the others and the loan.
    Of course, in-between now and the 20th (pay day), I'll bet things will crop up when we think 'oh, if only we hadn't cut it up'
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: £41,568

    Oct 2012 = Current debt: £40,548.93
    Oct 2013 = Current debt: £39.054.70


    DMP Support number 424 - Long haul number 308
  • You sure you didn't cut up your debit cards as well?:p







    I did this once, cut up the wrong cards.
  • Not yet lol although we were thinking about doing that for the 'old' account, but fo now it's just somewhere safe
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: £41,568

    Oct 2012 = Current debt: £40,548.93
    Oct 2013 = Current debt: £39.054.70


    DMP Support number 424 - Long haul number 308
  • Well done :j

    Thats one of the big steps done x
  • lika_86
    lika_86 Posts: 1,786 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Didn't quite do this but lost my purse and so cancelled my cards, my credit card address is still my mum's house so the new one got delivered there, haven't picked it up yet, it's one way to resist temptation completely. Thought I'd feel a bit lost without a backup but haven't yet (maybe the trauma of being without even debit cards for a week until they got delivered helped ease the shock).
  • Well done :j

    Thats one of the big steps done x


    It was surprisingly scary.

    Rest of the letters to creditors with £1 postal orders to be posted in the morning, and also the paperwork back to CCCS.
    Looks like we're doing this!!
    Our LBM: Dec 2011. DMP started: Jan 2012. Debt at LBM: £41,568

    Oct 2012 = Current debt: £40,548.93
    Oct 2013 = Current debt: £39.054.70


    DMP Support number 424 - Long haul number 308
  • MFWannabe
    MFWannabe Posts: 2,481 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Well done. Now you can start your road to a debt free life :)
    MFW 2025 #50: £1989.73/£6000

    12/08/25: Mortgage: £62,500.00
    12/06/25: Mortgage: £65,000.00
    07/03/25: Mortgage: £67,000.00
    18/01/25: Mortgage: £68,500.14
    27/12/24: Mortgage: £69,278.38 

    27/12/24: Debt: £0 🥳😁
    27/12/24: Savings: £12,000

    12/08/25: Savings: £12,000



  • MsDaisy
    MsDaisy Posts: 104 Forumite
    :T well done BR! I don't feel able to do that yet but I wish I did. Good for you :)
    Sealed pot challenge no 1521

    16/28 lbs. . . . . . . . £2100.85/£2000
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