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Astroelle's Debt free diary
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Well. I have nearly paid off the Allders card and should do in full by the end of the month.
Cabot wrote to me offering to give me a discount of £1911.43 if I double the payment to them to £10 and pay by DD. I looked carefully at this and decided it was a reasonable idea. So I have done this. At last the scary figures are coming down.Target 1: Pay off Alders by July 2007(done), Target 2: Clear overdraft by end of 2007
Overdraft: £470, Allders card £0, Global Debt Recovery £2644.23 £5 0%, Triton £6944.12 £6.88 0%, Cabot £2595 £5 0%,Capital one £2832.08 £5 Cabot(loan)~ £10821.45 £10 0%, Trustcard £9774.92
Total debt: £38460 DFD August 2031 (but determined to make it sooner) now £36138) 6.09% paid off
Change Jar Challenge £0.570 -
Well, I just made my last payment to Alders, so have met my first target with days to spare.
Target 2 is to clear my overdraft. I set a date of the end of the year but will be aiming for sooner.
My fiancee has officially moved in, having rented his flat to a cousin. So council tax goes up but other bills will be shared.
A revised SOA will follow as soon as possible, but I am currently getting organised for knee surgery next week. Although i will be in and out in a day, I will be fairly immobile for two weeks.Target 1: Pay off Alders by July 2007(done), Target 2: Clear overdraft by end of 2007
Overdraft: £470, Allders card £0, Global Debt Recovery £2644.23 £5 0%, Triton £6944.12 £6.88 0%, Cabot £2595 £5 0%,Capital one £2832.08 £5 Cabot(loan)~ £10821.45 £10 0%, Trustcard £9774.92
Total debt: £38460 DFD August 2031 (but determined to make it sooner) now £36138) 6.09% paid off
Change Jar Challenge £0.570 -
Updated SOA:
Monthly Incomings:
Incapacity benefit £359.60
Child Tax Credit £140.75
Child benefit £72.40
Maintenance £331.18
Partner contribution £400
Total - £1303.93
Monthly Outgoings:
Interest/Bank fee: £10
Mortgage - £720
Council Tax - £119
Gas - £65
Electric - £64.50
TV License - £11.37
Food - £100
Travel-£10
Water rates £25
Direct line insurance £55.50
Total: £1180.37
Left: £123.56
Debts:
Overdraft £470 (aiming to pay at least £50 a month off this)
Others all at 0% paying £36.88 each month.Target 1: Pay off Alders by July 2007(done), Target 2: Clear overdraft by end of 2007
Overdraft: £470, Allders card £0, Global Debt Recovery £2644.23 £5 0%, Triton £6944.12 £6.88 0%, Cabot £2595 £5 0%,Capital one £2832.08 £5 Cabot(loan)~ £10821.45 £10 0%, Trustcard £9774.92
Total debt: £38460 DFD August 2031 (but determined to make it sooner) now £36138) 6.09% paid off
Change Jar Challenge £0.570 -
Cabot wrote to me offering to give me a discount of £1911.43 if I double the payment to them to £10 and pay by DD. I looked carefully at this and decided it was a reasonable idea. So I have done this. At last the scary figures are coming down.
Hi Astroelle
Just wanted to say thanks for the above. I've just rung Cabot - if I can increase my monthly payment to £67 they will knock 10% off my debt.
Can't do it just yet but once 2 x credit cards are paid (hopefully by end of October) then I can consider it again.
Will definately call them back
Thanks again - this was really helpful and could reduce my dfd drastically
Take care hun xDebt at 2nd LBM (!) Jun 08 £8,435 - hm, let's not go there!!
DFW Nerd - 721 / DFW Long Hauler 4 / DFD - ASAP!!
Sealed pot challenge - member 336 - £200 target
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