I've just paid off my....

Willowpop

tintingirl wrote: »

I just paid off the first of 5 debts in my DMP - actually it was originally 3 debts - a loan and two overdrafts - but First Direct rolled them into one at the start of my DMP. Stepchange are making the July payment to them today so I rang up and paid what would be the balance and next months interest (totalling £85) so it is all clear! :j:j

This means my other creditors will be getting a much bigger sum from August and I can't wait to see the figures come down quicker. Feels like a turning point

Well done!!! :T:T

GettingOrganised

I'm so happy to be able to add to this thread. Today I paid off the balance of my Next account. It's the first of my creditors to be paid off. It was also the smallest debt and they had frozen interest for around 12 months, so I was paying quite a small amount. I considered paying them more to get rid of it, but I was concentrating on clearing debts with high interest rates.

However, I discovered that 2 months ago interest was being added again at around 26% (my highest interest rate up to then was 19.9%). So, this became my priority - one down, 5 to go!

rockm87

Last month I made a final payment to one of my barclay cards, and next Monday (payday) is my last capital one payment!

EyesWideOpen

Paid off a CC today with a payment of £358! Started out as £2500, feel good to have killed it! Next I'm focussing on last bit outstanding on another CC and then onto overdraft.

Still got approx 6100 +200+1000+1900 = 9200 to go but that is more than half less then when I had my LBM. Go me

Karen777

I just paid off a very annoying Halifax loan which I took out years ago whilst already being over-committed in debt but head still firmly in sand. Since going self managed on my dmp I wanted this to be my first debt gone. Couldn't wait for pay day as tried to make an installment and they were so infuriatingly unhelpful that I just paid the lot off (£192) out of my meager emergency fund and will replace it when I get paid (when I would have paid it off anyway) in a few days. So technically I haven't paid it off til the end of the week but in reality it's gone gone gone.... and I never have to speak to those annoying people again - woo! One down, 6 to go (debts and annoying creditors that is!)

lantanna

Well done folks inspirational

lumpyspaceprincess

I just paid off my Very account... it was only small, but it's something!

jaxsmar

12 years ago I applied for a Argos store card, desperate to buy the children xmas pressies after finding out my ex was cheating on me 19 years down the pan... so today I made the final payment as it was the smallest amount owed.. so next the bank loan and credit card.

Aphidgirl

Well done everyone!

This morning I paid the last £40 off my account with Creation Finance. I bought a new PC on credit 2 years ago and have been paying for it ever since.

So great that its paid and the PC is actually mine!

Kate_fixing_it

I'm proud to announce my second post to this thread :j

I just paid off a loan from a friend :j

She bailed me out a week after my LBM when I didn't have the money for the rent. I was in a complete mess and she rescued me. The money officially left my account this morning.

DH never knew (things were bad enough) so only my friend and the lovely people here knew I owed her money. Such a weight off my shoulders. Obviously this couldn't be added to my DMP and some months it's been a struggle to cover everything but I'm one more debt down and it feels amazing.

Kate x