Then and Now!

betti911

Then (1st Jan 07)

Black Horse Car loan at 12% £4830.48
RBS Personal Loan at 8% variable £11,517
Over draft RBS £1500
TOTAL- £17,847.48

Now (2nd November 07)

RBS Personal Loan at 8% £705.46
Black Horse Car Loan REPAID
Virgin Credit Card at 0% 15 months £6693.70
Barclaycard Cresit Card at 0% £4381.56
Bed 0% for one year £549 Only thing I've bought new for my flat
TOTAL- £12,329.72

Lucy1982_2

Well I'm not sure... when I joined I had loads of debts that came to £10,500 (ish) but this was without interest.

It now stands at 1 debt totalling £13,630 (see sig) but this includes interest....

So I am probably even!

immoral_angeluk

InTheRed wrote: »

Wow IA!
Thats just great!
Can I ask can you overpay your car loan and bring down the number of years of payment?
And what is Statute Barred on Capital one credit card mean?

InTheRed x

I'm not sure if we can overpay as it's hire purchase.. something I need to look into once everything else has gone.. although apparently if we pay it off in october 08 the settlement figure will be £3k something so we'll be aiming to do that and get it paid off in full 2 yrs early.
The capital one debt was basically through a DCA that contacted DH once we started repaying people in full.. the debt was from about 10 yrs ago and Dh hadn't paid or heard anything from them since then so the debt was unenforcable (ie statute barred) so once we sent them a letter saying we weren't going to pay because of the statute barred ruling we never heard from them again.

sammiboo

PeachPickle wrote: »

June 2006 - just under £21k around 13 separate debts
Nov 2007 - £11,631 5 debts

Ooh. Better than I thought actually, I've been quite down on myself about it lately.

I hope you feel better about it now!!! Over 10k down, thats excellent :T

mcardinalblue

This is a good idea here’s mine

July 2006 lightbulb moment

Morgan Stanley CC 22% £7,340
Marks and Spencer CC 18% £1316
Cooperative bank CC 15.76 £5,375.
Debenhams card 28% 454
Barclays CC 17% £3141
HFC loan 12.5% 14,728
Coop bank loan 6.7% 3551

Total £35,908 :eek:

Current situation

November 2007

Tesco 0% until September 2008 £1037
Barclays CC 6.9% LOB £2983
Alliance Leicester CC £4202 0% until feb 08
HFC bank loan 12.5% £11,349
Coop loan 7.4% £6464

Offset savings to pay off Alliance CC in febuarary once 0% rate has finished £1289.11

Total £24,741

But………. the boilers on the blink and I have a holiday in a couple of weeks time so the offset may be dipped intto, I hope not too much though.

Looking back what was I thinking, so glad I found this site when I did, probably would have taken out a picture loan (or there ilk) to consolidate into affordable monthly payments :eek:



MCB

immoral_angeluk

Wow everyone's done so well.. you should all be really REALLY proud of yourselves :T:T:T:T:beer:

PeachPickle

sammiboo wrote: »

I hope you feel better about it now!!! Over 10k down, thats excellent :T

Thanks, it did put a small smile on my face I guess it's easy to be sucked into being depressed about how much is still owing rather than proud of how much has gone

mummum2

Well done you all. That's wonderful motivation for us all.

convict90210

Great thread here!! Sammiboo-I noticed that you have a life time BT on your Egg Card how did you get this?? Am interested in getting one for my card!

x_raphael_xx

Wow, what a great idea! Gives everyone a big boost and shows how far we've come in such a short time.

My first post was on 31st August 2006, at that time I owed:

£450.00 Overdraft to Abbey
£700.00 To my mum
£1016.37 To Bank of Scotland
£1349.46 To HFC 1
£2313.28 To HFC 2
£1700.00 On Credit card

Total ~ £7528.11

Now a mere 14 months on I have:
Paid off my Mum, Abbey Overdraft and Bank of Scotland.
I now owe:
£1099.56 To HFC 1
£1884.08 To HFC 2
and the Credit card (currently £1300)

Total ~ £4283.64

That is £3244.47 paid off in 14 months! And I am going to pay the rest off by Christmas 2008.

Bring it on!!:D