The "Pay ALL your debt off by Xmas 2012" challenge - PART 2!!!

loubie_lou

Hiya peeeeeeeeeeeeeople!

Finally on my two weeks hollibobs and its the best feeling ever! :j

Added 15 squids to my change pot this afternoon, totals are adding up nicely

I wrote to my DCA who are dealing with an old debt about a F&F. The balance is £500 and they are offering £450.............would you accept?

Thanks xxx

affordmylife

any suggestions about how to make some extra money. i want this debt gone.

please dont say ebay or surverys. but any thing else considered xx

DorsetGirl_2

affordmylife wrote: »

any suggestions about how to make some extra money. i want this debt gone.

please dont say ebay or surverys. but any thing else considered xx

Music Magpie?
Ciao/DooYoo reviews?

InsertWittyName

Ok, it's been a month since my last update as I only update my figures once per month on payday (and it's payday tomorrow!)

#055 InsertWittyName £4,460.66 / £15,626.32 (28.55%)

Very pleased with that!

choclover

Hi everyone,

Just looking for a bit of advice. Received a letter today from DLC which are handling my HSBC cc (at 0%). They've written to say that any overpayment that I pay in Feb and March, they'll match and basically write that amount off my balance. So if I make an additional payment of £200, they'll write off £200 and so my balance will be reduced by £400.

Good deal I thought initially, as that means I could reduce my debt with them by £1000 over those two months. However, I've just worked it out on my spreadsheet and because it would mean diverting my over payments to my barclaycard, which I pay 25.9%, overall it wouldn't make much difference as my DFD would be pushed back a month and I'd pay £300 more in interest.

So Initially I thought it was a fantastic offer, which it is, but not for me. If it was the only debt I had I'd go for it, but now I'm thinking that I should just stick to my original plan and pay the highest interest debt first.

And actually the DLC debt would also be paid off one month later than originally planned so won't help to remove my default any quicker off my credit file.

As you can see I'm trying to convince myself as I'm worried about making the wrong decision:(

choclover

InsertWittyName wrote: »

Ok, it's been a month since my last update as I only update my figures once per month on payday (and it's payday tomorrow!)

#055 InsertWittyName £4,460.66 / £15,626.32 (28.55%)

Very pleased with that!

Wow, that's amazing! Well done!:T

choclover

loubie_lou wrote: »

Hiya peeeeeeeeeeeeeople!

Finally on my two weeks hollibobs and its the best feeling ever! :j

Added 15 squids to my change pot this afternoon, totals are adding up nicely

I wrote to my DCA who are dealing with an old debt about a F&F. The balance is £500 and they are offering £450.............would you accept?

Thanks xxx

I don't think I would, if it was more like 25% instead of 10% they were willing to knock off then maybe.

eddi

gemred_21 wrote: »

Wow its taken me ages to catch up with the thread, note to self don't miss 2 days!

Yes quite! same here.

mf0u1098 wrote: »

See, this thread has everything you could possibly need: debt clearance, hints/tips, weight loss, romance and babies!

...and people disguised as oranges, evil looking cats and gnomes!

Almost at my target for this month. Car has a few bits and bobs being done and MOT next Friday so will see what I've got left after I've paid the bill.

Malmol09

Howdie people :wave:

How are you all doing? I've been reading along....enjoying hearing what everyone is up to....

I'm slightly over the moon as my debt figure is in a different thousandth bracket (the 16,000ssss as opposed to the 17,000ssss) that feels really good!!! Small little chips away at the debt = real progress!!!!:T

So.........
#063 £630.03 / £17630.02 – 3.57%

Times are hard in some respects.... one of recurrent-ostrich's posts rang true to the work situation in our household at the mo.....but the debt is going the right way....and long may that continue..... YIPPPPEEEEEEE....never thought Id get SO excited about paying off debt!!:D

Keep at it people xx

rosiest

I cant wait til monday as its pay day and we're paying off over £1000 this month which we've never done in one go but also really sad at im returning to work full time after a year off on maternity. my job is quite well paid though and just keep telling myself its going to pay for a nice house with a good back garden ( once CC's gone ) and a decent life for my daughter but going to miss her soo much