I've done my sums...

Dunree

And it looks like I'll be debt free in January

I'm not sure how to do the thing at the bottom of posts, you know where you do a countdown list thingy, perhaps someone can show me

This time last year, my debts were over £19k.

I have now managed to get them down to £7k exactly, and could not have done it without my gorgeous girl, thank you darling xxx

It might even be sooner if my PPI claims come through. I've already had one result there, and expecting at least two more to come through.

Only thing I don't understand is that my credit ratings are ranging from ''fair'' (Equifax) to ''very poor'' (Experian).

Roll on January

Dunree

ellesbellesxxx

Have you closed the accounts which have been paid? It could be that you have a high amount of credit.
Saying that, each lender judges differently so I wouldn't worry too much about the credit report judgements - it is more important that you pay off at least the minimum on time, and close accounts.

ellesbellesxxx

PS Click on your name, then click "View your about me as seen by everyone else" then "edit your about me"

Dunree

ellesbellesxxx wrote: »

Have you closed the accounts which have been paid? It could be that you have a high amount of credit.
Saying that, each lender judges differently so I wouldn't worry too much about the credit report judgements - it is more important that you pay off at least the minimum on time, and close accounts.

Hi Elle,

Two of the accounts were loans, car purchase and a home improvement. Once they were paid, the accounts were closed.

The rest was/is credit cards. I done a BT for my Cap One to a 2% deal with JLPC, which wiped that out, but since then, the money I've not been paying Cap one has gone straight onto my JLPC

The other is Barclaycard. I used my result from my PPI claim to snowball that, plus some money I had saved.

As a result, both are now at £3500 each.

Getting there slowly but surely

downsizer3

Great progress in a year - well done and what are you going to do in Jan with all that extra cash?
Careful how you answer this - MSE is watching!!

Dunree

downsizer3 wrote: »

Great progress in a year - well done and what are you going to do in Jan with all that extra cash?
Careful how you answer this - MSE is watching!!

Haha, not sure yet Downsizer, I'm paying £1000 a month just now, so it is going to be a lot of spare money I'll have

I'll probably save some and treat us both when it's all paid off

Dunree

Looks like I'll be debt free a wee bit sooner than expected...

Another PPI refund from MBNA for just under £2500 on its way

ellesbellesxxx

Great!

Dunree

ellesbellesxxx wrote: »

Great!

Aye, it's good news Elle, could never have done it without MSE

Dunree

Just had another look at the figures.

Didn't realise that I get paid twice in October, paid four weekly, so looks like I'll be debt free by Christmas

January20

Dunree wrote: »

I'm not sure how to do the thing at the bottom of posts, you know where you do a countdown list thingy, perhaps someone can show me



Dunree

Go to the top of the page where, on the green banner, it says "User CP". Click on it and on the next page on the left you will find "Edit your signature". Write anything your wish in there and save it. It will appear at the bottom of your posts and you can alter the info any time you want.

Good luck on being debt free by Christmas. I can't explain the feeling but it's a good one. I still marvel at being debt free and I should be used to it by now :rotfl: