Debt Free by 40

wilky371

Tomorrow is my 38th Birthday.
I want to be debt free by 40 !

First move today was to visit the CAB for advice etc - Done
Got all my in order - Done
Contacted Cap 1 - Interest frozen & repaying £25 pm
Cut up MBNA card - Done
Cut up Egg card - Done
Cut up Cap 1 card - Done
Reading up on my mystery shopper details received

Here's looking forward to 40

franny

Good luck

I plan to debt free at 30.

How did you get Capital One to freeze their interest? I have written to them before only to receive a NO CHANCE.

wilky371

Just gave them a call on 0800 9524 914, explained my situation, told them I could only afford £25.00 pm & they agreed to freeze the interest.

Wahay..

wilky371

Getting into this now...

Listed two CD/DVD duplication towers on ebay today, possibley £75.00 each
& a professional CD/DVD printer est value £2k.

Fingers crossed.

slowlyfading

Happy Birthday! why dont you post a SOA and then we can help you more?
Nicola x

wilky371

Nicola, thanks for the birthday wish X.

SOA as follows:

Abbey £1208
Food £325
Car Finance £252
Loan £242
Loan £143
Loan £116
Sky £38
HP £39.79
Car Ins £33.60
Kids bonds £30
TV Licence £18
Gas maintenance £14
Telephone £20
HP £14.73
Freemans £25
Next £25
Argos £14
Gas £30
Electricity £30

Total £2618.12

Wages £1757 + £105 (child ben) + £455 (tax credit) = £2317

As you can see running at a loss at the moment.

wilky371

Managed to sell the two towers on ebay for £92.00 & £78.00 so will be putting that towards something.

Will be looking for other things to go.

wilky371

Having scrutinised my debts more & have got to the down to very bottom of things, I'm now in a position to start sorting them out.
Been to the bank & CAB.

The bank suggested releasing some equity from the mortgage to repay, however the Abbey will not do this for at least another 6 months or so.:mad:

The CAB suggested "payplan", I have a call booked for an interview tomorrow, however many people seem to be using "CCCS" are there any benefits to either.

Any help appreciated.

James&Shell

Try Either of them they both seem to be very ood an they wll get your debt down to a managable and realistic amount each month.

If you have money to overpay give it to them and they distrobute it fairly and equally.

good luck and a belated Happy Birthday

wilky371

Have been on the phone to Clearstart about an IVA or DMP, they couldnt help much as I dont have any spare wonga.

They suggested I talk to there mortgage lender to add the debt to my mortgage.

But I'm reluctant to do this as its just adding to my debts.:eek:

wilky371

Downloaded all my statements from Lloyds, totted up the charges (£2587), sending letter for repayment today:D