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

jakes-mum

Ok had a confusing moment as my spreadsheet didnt match my total paid on here :think: but I think I have it figured, the difference was £180.27 less paid on my spreadsheet than here and i think I had not taken a loan payment off from one month so actually my loan only has £721 left now :eek: :eek: (doesnt affect my total on here though :rotfl:)

kerri_dfw

100 points off my 7th SB £5 rainforest voucher

mf0u well done on the weight loss I managed to lose my xmas dinner in the last week, 1inch off thighs, hips, bum, tum
You knoooow Pedro is going to have to say "but you don't need to lose any weight" when he sees you after all this talk of weight losing

Superheavy

mf0u1098 wrote: »

I HATE THEM!!!! The only reason I still have an account with them is because of my graduate loan... The day that is paid off will be without a doubt the happiest day EVER!!! Instead of ending in Aug 2014 then I'm hoping for it to be gone by October this year at the latest as I still have £8k to pay off yet so need to really ramp up the savings!



You've just reminded me that I have a mini-chocolate roll in my drawer. Drat! :rotfl:

I'll not mention who my employers are then...

It may be worth your while to refinance the loan however, as those set up a few years ago don't have the ability to take over payments, while those that have been set up more recently can take overpayments on a piecemeal basis rather than having to pay off the whole loan in one go.

I'll go hang my head in shame elsewhere.

rdchick

Well done Jemma! I lost another lb yesterday so down to a lovely 83.9 7lbs for January! yay

mf0u1098

kerri_dfw wrote: »

mf0u well done on the weight loss I managed to lose my xmas dinner in the last week, 1inch off thighs, hips, bum, tum
You knoooow Pedro is going to have to say "but you don't need to lose any weight" when he sees you after all this talk of weight losing

To be honest I get that all the time anyway as I'm 5ft7in and 11st so a size 12. My boss says that if I turn sideways then I'd have to marked as absent! They just don't understand though that I prefer being a size 10 hence why I'm trying to lose the extra but it gets tougher the closer I get to my target weight! I'm just glad that I've almost got rid of the Xmas weight...

Poor Pedro, he's really been in a goldfish bowl hasn't he?! He's probably ran away now, thanks Kerri!

Yay for your weight loss kerri!!! It's a great feeling isn't it to be losing lbs as well as £'s...! xxx

mf0u1098

Superheavy wrote: »

I'll not mention who my employers are then...

It may be worth your while to refinance the loan however, as those set up a few years ago don't have the ability to take over payments, while those that have been set up more recently can take overpayments on a piecemeal basis rather than having to pay off the whole loan in one go.

I'll go hang my head in shame elsewhere.

Oh no!!! I'm so sorry, I really hope I've not offended you or made you feel bad. I've just had bad experiences with that bank that's all...

If i refinance then wouldn't the interest just get lumped back onto the capital again so in effect I would be paying interest twice...? xxx

kerri_dfw

mf0u1098 wrote: »

To be honest I get that all the time anyway as I'm 5ft7in and 11st so a size 12. My boss says that if I turn sideways then I'd have to marked as absent! They just don't understand though that I prefer being a size 10 hence why I'm trying to lose the extra but it gets tougher the closer I get to my target weight! I'm just glad that I've almost got rid of the Xmas weight...

Poor Pedro, he's really been in a goldfish bowl hasn't he?! He's probably ran away now, thanks Kerri!

Yay for your weight loss kerri!!! It's a great feeling isn't it to be losing lbs as well as £'s...! xxx

I was more after the inch than anything else as my jeans were quite tight. I'm one of those that everyone hates, can never put weight on. I was 7st 7lb for years until I had my thyroid removed, when I went to a much healthier 8st 7lb then xmas I was almost 9st :eek: So beans on toast everyday for lunch instead of Mr King and I'm back to 8st 6lb without having to do any exercise other than briskly walking to and from the train station instead of driving
*awaits the scowls*

Oh and I'm pro-hsbc, they've always been great with me and I've never had ridiculous charges them

HelenPie

mf0u1098 wrote: »

I HATE THEM!!!! The only reason I still have an account with them is because of my graduate loan... The day that is paid off will be without a doubt the happiest day EVER!!! Instead of ending in Aug 2014 then I'm hoping for it to be gone by October this year at the latest as I still have £8k to pay off yet so need to really ramp up the savings!



You've just reminded me that I have a mini-chocolate roll in my drawer. Drat! :rotfl:

:rotfl::rotfl::rotfl: Sorry!

Superheavy wrote: »

I'll not mention who my employers are then...

It may be worth your while to refinance the loan however, as those set up a few years ago don't have the ability to take over payments, while those that have been set up more recently can take overpayments on a piecemeal basis rather than having to pay off the whole loan in one go.

I'll go hang my head in shame elsewhere.

Awww, not aimed at individulas, of course, just the general culture and unfriendly people on many an occasion

Superheavy

Someone did once tell me that I don't seem like I work in a bank because I'm not at all scary...

Basically, when you pay off the loan any interest that you haven't already paid gets refunded, so for example -

5k outstanding, plus 1k of interest (if the loan was to run to term). So the total amount to repay would be 5k.

New loan would then be taken out for 5k (this is where it may be worth comparing interest rates to see if the maths works out.) If the rate is the same, then the new loan will be calculated, and as long as it is over the same term as the number of repayments you have left, then it will calculate the interest to the same amount. So with the same example the new loan would be the 5k, plus 1k interest.

So what I mean to say is that you wouldn't pay the interest on your loan twice.

GreenSaints

Hi all,

Hope you are doing well.

Another £29.47 to my CC so my total is:

Member #27 £1064.16/£22,922.39 (4.64%)