Almost Debt Free, Now a MFW :)

fairyclicks

Ok, so first of all i have to say how completely astonished i am at being able to post here. I started on my DFW journey when i contacted CCCS or step change as they are now with debts of £22K and no job or option to work due to health reasons.

With some very niffy negotiations fuelled with plenty of advice and motivation from this forum i am now ALMOST debt free

I don't want to lose my momentum so i'm going to start looking at my mortgage and see how i am fixed for making overpayments. I have a lot of clutter to get rid of and this will be the main source of money to make the payments with. I also use various websites to help me top up my income (without which i would have been completely snookered over the past few years i have to say!).

So, first steps in this journey then i guess are:

check my mortgage balance - i know its in the region of £65K atm but i want an accurate figure.

find out about the option to make overpayments

start looking at mortgage options - i have no idea if i can change my mortgage (because of the debt issues), or even if i would need to. So some research into this is essential for me.

I can't stop smiling about the fact i am even considering this now :D it feels like such a turnaround to be even thinking along these lines :rotfl::rotfl:

newgirly

:T well done on clearing that debt, I'm sure you will do just as well oping the mortgage best of luck.

Lois_E

Well done on paying off your debt. :T:T:T

And welcome to MFW. You sound like you'll fit right in here. :wave:

Tilly_MFW_in_6_YRS

Congratulations on clearing your debt. Great that you can roll all those skills over to your mortgage now.

Best wishes, Tllly

Herr_Fritz

Hi there, first thing congrats on dealing with your debt - a great achievement. However, I have to pull you up on the fact that you seem to consider yourself debt free and yet you have a 65k mortgage. How does that work? Ok, it's no doubt a manageable debt and you do need somewhere to live. Who knows, your house will no doubt go up in value in the long term but at the end of the day it's still a debt. Anyway not wanting to put a dampner on what you've achieved, keep going you're on the right path.

Secret_Saving_Squirrel

Well done to you on your achievement so far. I hoe you enjoy the next steps!

asparagus1968

fairyclicks wrote: »

Ok, so first of all i have to say how completely astonished i am at being able to post here. I started on my DFW journey when i contacted CCCS or step change as they are now with debts of £22K and no job or option to work due to health reasons.

With some very niffy negotiations fuelled with plenty of advice and motivation from this forum i am now ALMOST debt free

I don't want to lose my momentum so i'm going to start looking at my mortgage and see how i am fixed for making overpayments. I have a lot of clutter to get rid of and this will be the main source of money to make the payments with. I also use various websites to help me top up my income (without which i would have been completely snookered over the past few years i have to say!).

So, first steps in this journey then i guess are:

check my mortgage balance - i know its in the region of £65K atm but i want an accurate figure.

find out about the option to make overpayments

start looking at mortgage options - i have no idea if i can change my mortgage (because of the debt issues), or even if i would need to. So some research into this is essential for me.

I can't stop smiling about the fact i am even considering this now :D it feels like such a turnaround to be even thinking along these lines :rotfl::rotfl:

well done! i'm just starting out on MFW too, got rid of all other debt in january,good luck:)

asparagus1968

Herr_Fritz wrote: »

Hi there, first thing congrats on dealing with your debt - a great achievement. However, I have to pull you up on the fact that you seem to consider yourself debt free and yet you have a 65k mortgage. How does that work? Ok, it's no doubt a manageable debt and you do need somewhere to live. Who knows, your house will no doubt go up in value in the long term but at the end of the day it's still a debt. Anyway not wanting to put a dampner on what you've achieved, keep going you're on the right path.

ouch!

probably means "unsecured debt-free"?

catshark88

Well done and welcome!

fairyclicks

Thanks all so much for the welcome

I do know i have a way to go yet - still some of the 'problem' debts to get rid of (but have a plan in motion) and of course i know the mortgage is a debt Herr Fritz. I have managed to clear almost £18K in 2 yrs with no job and with several major health problems so NOTHING can dampen my spirits and determination to now focus on clearing that debt as well

Lois_E

Herr_Fritz wrote: »

Hi there, first thing congrats on dealing with your debt - a great achievement. However, I have to pull you up on the fact that you seem to consider yourself debt free and yet you have a 65k mortgage. How does that work? Ok, it's no doubt a manageable debt and you do need somewhere to live. Who knows, your house will no doubt go up in value in the long term but at the end of the day it's still a debt. Anyway not wanting to put a dampner on what you've achieved, keep going you're on the right path.

Because mortgages aren't quite like unsecured debts. That's why MFW and DFW are different boards with different atmospheres. And it's also why "graduating" from the DFW board to this one is a cause for celebration.