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When's your Debt Free Date?

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  • jeanlucb
    jeanlucb Posts: 27 Forumite
    edited 9 May 2015 at 3:17PM
    Big update: I have now lost the great job with big wages. Been made redundant, but after 15 years, got a bit of a package to help me out. Thinking of going freelance with my photography business, translation & web design too. Entrepreneurship here I come. Setting up a Ltd company: www.zzzmedia.co.uk

    Paid off 2 credit cards, and will soon be in single figures: CC1 £12,800 (just paid off) | CC2 £3,747 (just paid off).
    LBM 31/12/13 - As of 09/05/15: CC1 {MBNA @ 6.9% for life} £3,871 | CC2 {Lloyds @ 0% for 35 months} £6,684
    DFD: ?? 2016 - Total £10,555
  • December 2016!
  • Murphy2011
    Murphy2011 Posts: 111 Forumite
    5 years today, May 27th 2020
    Started DMP Oct 2012 debtfree date 1st March 2020
    Starting debt £72481
    Current debt £47600. 33% paid off!!!:T:rotfl::rotfl::j
    Moved from £70's to £60's, bye bye £50's and hello £40's!
  • Decked
    Decked Posts: 48 Forumite
    Ninth Anniversary 10 Posts Combo Breaker
    Hoping for June 2017, started out About 2 1/2 years ago with £58k, now down to £34k, but have also cleared off some HP along the way, by the end of summer I should be paying £1400 per month. Next milestone is for the debt to be in the twenties.
  • YoungBusinessman
    YoungBusinessman Posts: 1,239 Forumite
    Decked wrote: »
    Hoping for June 2017, started out About 2 1/2 years ago with £58k, now down to £34k, but have also cleared off some HP along the way, by the end of summer I should be paying £1400 per month. Next milestone is for the debt to be in the twenties.

    Im paying off at £1600pcm, doesnt it annoy you when you realise that is more than some full time wage earners take home and we are putting it to the bank as soon as we are paid......wont be forever though, im aiming for before summer 2017 which will mean 2 and a half years to pay £46,500....fingers crossed
    :eek:Living frugally at 24 :beer:
    Increase net worth £30k in 2016 : http://forums.moneysavingexpert.com/showthread.php?p=69797771#post69797771
  • maria3104
    maria3104 Posts: 921 Forumite
    Tenth Anniversary Combo Breaker Car Insurance Carver! Debt-free and Proud!
    I was debt free dec 2014, but then got ill and now have a 20K business overdraft to clear. 3 months of poorly, 29 months of debt. Snowball says sept 2017 but I aim to do this much faster, not sure how yet, will ponder it today.

    Well done all you debt free success people.
  • 28th December 2016.

    But I could push really hard and get it to 28th August 2016.
  • Pablosammy
    Pablosammy Posts: 566 Forumite
    December 2016 with scheduled payments, but I'm hoping to have it gone by the end of this year. Currently in the Debt Free By Xmas 2015 challenge, although I can see it spilling into 2016 slightly if I don't get my act in gear :rotfl:
  • sugarcube84
    sugarcube84 Posts: 542 Forumite
    Debt-free and Proud!
    May 2016 although there might be room for improvement :-)
    DFD September 2017
  • Gaia2014
    Gaia2014 Posts: 259 Forumite
    Tenth Anniversary Combo Breaker
    Aiming for September 2016 (give or take). Sooner if I have the means and not a minute too soon.
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