The "Pay ALL your debt off by Xmas 2012" challenge - PART 3!!!

jakes-mum

Time to declare a reduction on the OD only went £270 OD this month so am bringing it down to £350 :j :j

New total issssssssssssssssssss:


#16 £7956.89/£8806.89 90.35% :T:T:T:T:T:T and we are on the home straight, debt free im coming to getcha :D:D

vw_campervan_mum

#234 £9996/12468=80.17% paid off)

Hope your results are good Lemonpopsicle X

Well done to all those still hammering away at the debts.

I have had a major blip and am off work with stress. Not at all sure what the future holds now. Trying to sort myself out so I can go back but can't face any thought of it at the moment. Wish I could think of something else to do but a recession is not the best time for fresh starts.

loubie_lou

vw_campervan_mum wrote: »

#234 £9996/12468=80.17% paid off)

Hope your results are good Lemonpopsicle X

Well done to all those still hammering away at the debts.

I have had a major blip and am off work with stress. Not at all sure what the future holds now. Trying to sort myself out so I can go back but can't face any thought of it at the moment. Wish I could think of something else to do but a recession is not the best time for fresh starts.

If you do decide to change just remember you have made a fantastic achievement on the debt front

SpagBol

jakes-mum wrote: »

Time to declare a reduction on the OD only went £270 OD this month so am bringing it down to £350 :j :j

New total issssssssssssssssssss:


#16 £7956.89/£8806.89 90.35% :T:T:T:T:T:T and we are on the home straight, debt free im coming to getcha :D:D

Fantastic, well done Jakes mum :j

vw_campervan_mum wrote: »

#234 £9996/12468=80.17% paid off)

Hope your results are good Lemonpopsicle X

Well done to all those still hammering away at the debts.

I have had a major blip and am off work with stress. Not at all sure what the future holds now. Trying to sort myself out so I can go back but can't face any thought of it at the moment. Wish I could think of something else to do but a recession is not the best time for fresh starts.

Huge hugs Campervanmum, you have done so so well, just take some time to be good to yourself xxx

HelenPie

Arrrgh....

So annoyed. I wanted to make an overpayment to my loan today which would leave just a little in my account so that my final payment could be taken automatically next week... so:

1. The guy on the phone didn't seem to understand that there would be interest due so simply taking my normal monthly payment from the outstanding balance would leave too much after interest for my normal payment to cover, IYSWIM. He kept saying "but the interest comes out of your normal payment" No it doesn't!!! It's added to the loan balance. Grrr.

On hold for 5 mins then he comes back and says, "oh, you're right, there's interest due tonight. It's already been processed and you should see it tomorrow." But he couldn't say how much.

Then:

2. Even though there's a week until my next payment and if I wanted not to pay off the loan but make an overpayment and keep the term the same, the system would adjust my loan payment, this would happen but he says not so that if I leave less than my monthly payment in there now, then I would end up overpaying and have to claim my money back.

Basically, it's a load of b*****ks. I've made so many overpayments and it's no different so I don't get the problem.

In the end I've had to agree to call back tomorrow to make the payment once the most recent interest payment has come out (and hopefully to speak to someone who actually understands how loans, interest and direct debits work :mad::mad::mad:)

I really wanted to make a payment today !!!!

Ah well.
Being pre-emptive, my totals by the end of next week should be up to about 40% and I'm still well on track for a DFD at the end of February :j


Edit: forgot to mention that that loan is the last of my interest-bearing debt and so next week I'm on 0% until DFD :j:j

SpagBol

HelenPie wrote: »

Arrrgh....

So annoyed. I wanted to make an overpayment to my loan today which would leave just a little in my account so that my final payment could be taken automatically next week... so:

1. The guy on the phone didn't seem to understand that there would be interest due so simply taking my normal monthly payment from the outstanding balance would leave too much after interest for my normal payment to cover, IYSWIM. He kept saying "but the interest comes out of your normal payment" No it doesn't!!! It's added to the loan balance. Grrr.

On hold for 5 mins then he comes back and says, "oh, you're right, there's interest due tonight. It's already been processed and you should see it tomorrow." But he couldn't say how much.

Then:

2. Even though there's a week until my next payment and if I wanted not to pay off the loan but make an overpayment and keep the term the same, the system would adjust my loan payment, this would happen but he says not so that if I leave less than my monthly payment in there now, then I would end up overpaying and have to claim my money back.

Basically, it's a load of b*****ks. I've made so many overpayments and it's no different so I don't get the problem.

In the end I've had to agree to call back tomorrow to make the payment once the most recent interest payment has come out (and hopefully to speak to someone who actually understands how loans, interest and direct debits work :mad::mad::mad:)

I really wanted to make a payment today !!!!

Ah well.
Being pre-emptive, my totals by the end of next week should be up to about 40% and I'm still well on track for a DFD at the end of February :j


Edit: forgot to mention that that loan is the last of my interest-bearing debt and so next week I'm on 0% until DFD :j:j

Is this NW by any chance? I've found them as much use as a chocolate teapot this week :mad:

Fab news about 40% total and 0% interest until DFD though, well done Helenpie :j:j:j

HelenPie

SpagBol wrote: »

Is this NW by any chance? I've found them as much use as a chocolate teapot this week :mad:

Fab news about 40% total and 0% interest until DFD though, well done Helenpie :j:j:j

Yes!! They've been really good the last few times. Just a nightmare today

Thanks SpagBol x

SpagBol

HelenPie wrote: »

Yes!! They've been really good the last few times. Just a nightmare today

Thanks SpagBol x

Just don't try and reduce an overdraft! :rotfl: (see my rant a few pages ago) I wonder why they've gone all rubbish lately, I've always found them ok in the past too.

HelenPie

SpagBol wrote: »

Just don't try and reduce an overdraft! :rotfl: (see my rant a few pages ago) I wonder why they've gone all rubbish lately, I've always found them ok in the past too.

I saw. What a faff! I reduced my overdraft with them about 2-3 years ago from £1500 to £150 in branch when I took out my loan and it was really easy. I've no idea why they would have changed things...:mad:

mf0u1098

Hey Lemon, how did the tests go hun? xxx