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Taking out a personal loan to pay off debt

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Comments

  • Pollygarter
    Pollygarter Posts: 248 Forumite
    Well done. I have done similarly by putting my credit card debt on two 0% card deals. All is going to plan to have them paid off by the end of the year when the interest kicks in.

    Feels good not to be paying interest doesn't it? Never again? That's my intention.
    Total debt at 18.9.17 £1950

    Debts down £12,700 high in Feb 2015, £10,700 April 15, £8830 May 15, £6776 June 15 , £5857 July 15 £6970 1.3.16
    £3950 15 May 2017 £3470 July 17 £2650 21.8.17
  • Hantsman
    Hantsman Posts: 95 Forumite
    Well done GingerFurball, just read through this thread and I am glad you've come back with an update, it will probably be useful for others in a similar situation to see the pros and cons of what you did was well
    12K in 2017 No.029: £7154.37/ 18,000 (40%)
    £80,000 by Jan 2017: £81419.91/ £80,000 Achieved 01/10/2016!
    £100,000 by Jan 2018: £92360.46/£100,000 (92%)
  • Well done Gingerfurball - congratulations!
    It will all be ok in the end - if it's not ok, then it's not the end!
    Saving for Christmas 2019 #27 total £62.00
    Sealed pot challenge 12 #32 total £67.50
    Mortgage paid off.
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