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Clearing To Save
InvernessIron
Posts: 73 Forumite
Good Afternoon!
Thought I would jot down my own diary, mainly as it is good to get the figures down and I am sure this will act as a bit of motivation to clear my remainding debts.
I was 21 when the debts started to spiral and it has taken over two years for me to realise the problem and get a plan into action. I have started payment plans with all my creditors bar one (QuickQuid) and there finally seems to be light at the end of the tunnel.
List of Debt:
Wonga - £924
Quid - £250
Mr Lender - £700
Pounds To Pocket - £1225
QuickQuid - £874
RBS Credit Card - £1000
Barclaycard - £1300
Total - £6273 :eek:
My monthly payments
Wonga - £132 (Last payment October)
Quid - £50 (Last payment August)
Mr Lender - £77 (Last payment December)
Pounds To Pocket - £308 (Last payment July)
QuickQuid - Still trying to arrange a plan of some sort
RBS Credit Card - Minimum plus £20
Barclaycard - Minimum plus £20
Total outgoing towards PDL - £560
Now by the end of August, the main PDL payment will be gone in Pounds to Pocket, also the least Quid will have gone. Meaning I will have an extra £350 per month to tackle the above debts.
I am aiming to have the PDL payments all paid by October, if not September. Then move on to the two Credit Cards, hopefully have them done by the end of next January.
The main sticking point is this QuickQuid debt, really finding it difficult to get them agree to a suitable payment plan, however at the end of the day that is my fault.
24 this year, time to get life back on track and get some savings together, and try and somewhat rescure my battered credit rating.
Onwards and Upwards.
Thought I would jot down my own diary, mainly as it is good to get the figures down and I am sure this will act as a bit of motivation to clear my remainding debts.
I was 21 when the debts started to spiral and it has taken over two years for me to realise the problem and get a plan into action. I have started payment plans with all my creditors bar one (QuickQuid) and there finally seems to be light at the end of the tunnel.
List of Debt:
Wonga - £924
Quid - £250
Mr Lender - £700
Pounds To Pocket - £1225
QuickQuid - £874
RBS Credit Card - £1000
Barclaycard - £1300
Total - £6273 :eek:
My monthly payments
Wonga - £132 (Last payment October)
Quid - £50 (Last payment August)
Mr Lender - £77 (Last payment December)
Pounds To Pocket - £308 (Last payment July)
QuickQuid - Still trying to arrange a plan of some sort
RBS Credit Card - Minimum plus £20
Barclaycard - Minimum plus £20
Total outgoing towards PDL - £560
Now by the end of August, the main PDL payment will be gone in Pounds to Pocket, also the least Quid will have gone. Meaning I will have an extra £350 per month to tackle the above debts.
I am aiming to have the PDL payments all paid by October, if not September. Then move on to the two Credit Cards, hopefully have them done by the end of next January.
The main sticking point is this QuickQuid debt, really finding it difficult to get them agree to a suitable payment plan, however at the end of the day that is my fault.
24 this year, time to get life back on track and get some savings together, and try and somewhat rescure my battered credit rating.
Onwards and Upwards.
0
Comments
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Onwards & upwards indeed.
Keep going!I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger.
One debt remaining. Home improvement loan. 20 months left.0 -
Good work, you can do it!
Good luck from the South Coast(Debt Jan 2014 LBM £34,000) Current 2016 "Problems" as follows:
C Cards 1,2,3,4 WAS £18,333 NOW£0 :j...Overdraft WAS £2700 NOW£0 :j
Secured Loan WAS £4113 NOW£0:j.......Loan WAS £8864 NOW £6,000
DEBT TODAY = £6,000 (£28,000 PAID OFF SO FAR!)0
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