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One down!

Goodbye, Cahoot flexible loan! A pox on your interest rate hikes!

I've been very stoic about dealing with my debts. Once I sat down and faced the figures, I developed a very practical attitude (and an Excel spreadsheet!). Cahoot is the first one I've been able to clear outright. I did it tonight, and I honestly didn't expect to feel such an emotional release. I nearly burst into tears!

I've got a long way to go, and I suspect things will take longer than my signature suggests: my income doubles in September with the start of a PhD, but I'll also be moving into my own place and I'll doubtless need to borrow money to pay off the ex next summer.

But I got one of them down! Hooray! :dance: :j

Comments

  • Annie_Fanny
    Annie_Fanny Posts: 1,167 Forumite
    Well done you! It feels fantastic doesn't it. Make sure you treat yourself in a DFW way of course to celebrate your achievements!

    WAY TO GO!
    "Debt makes plans for you" - A quote from my friend Catherine. How true!
  • angelavdavis
    angelavdavis Posts: 4,714 Forumite
    Mortgage-free Glee!
    Congratulations and well done! It makes all those down days worth while doesn't it?!
    :D Thanks to MSE, I am mortgage free!:D
  • tattooed_lady
    tattooed_lady Posts: 1,591 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    Well done for clearing your loan :T
    Mortgage-free wannabe!
  • GirlRacer_2
    GirlRacer_2 Posts: 3,026 Forumite
    Congratulations on clearing cahoot. Its a fabulous feeling to be able to move onto another one.
  • beanielou
    beanielou Posts: 95,697 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Mortgage-free Glee!
    Good news on clearing your loan.
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
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