Secret life of a 32yr old man

iammumtoone

I think you are very wise to keep the CSA out of it, however it would not hurt to give them a call and find out what you should actually be paying (taking into account the travelling expenses) this would give you a starting point of what is fair when you talk it through. As she is being fair to you now whilst you sort yourself out it would be a nice gesture for you to pay slightly more for an agreed period once you are in a position to do, as a kind of back payment.

chevalier

Well done on taking control of your finances. In addition to selling things on ebay, have you thought about signing up for survey sites as well? They often need men to make the surveys statistically valid, so I would imagine you would get quite alot. It won't earn you hundreds, but it would be a steady drip of money/vouchers which should help.
good luck
chev

dean23

Thank you, and no I've never even heard about any survey sites. Do you think you could point me in the right direction?

dean23

Hello everyone, I'm still here! I've had some great time with the Daughter and been trying to keep my head clear. Haven't had much to update on until payday arrives. But I do have a question...

I've got freeshares from work, I've logged in the account and basically I can sell them for around £595. But I'd have to pay £35 to sell (standard) and then £94 in tax. I'm being taxed on £475 of it (£120 is out the taxable time frame) what I'm asking is would it be worth cashing in and putting it all towards debts or trying to hold on another year or so, so more becomes available tax free?

Cheers

dean23

Ok so payday has been and gone. Payments have been made and the current debt now looks like this.

May 2014

Wonga - £1072.22
QuickQuid - £1527.04
P2P - £1094.13
PaydayUK - £649
Peachy - £211.15 - Target to be cleared in June
Sunny - £739.65
Lending Stream - £1340
Satsuma Loans - £503.88
Piggy Bank - £618.16
Mum and Dad - £760

Total debt - £8,515.23

June 2014

Wonga - £858.10
QuickQuid - £1447.04
P2P - £1014.13
PaydayUK - £589.75
Peachy - £106.89 - Target to be cleared in June
Sunny - £639.65
Lending Stream - £1290
Satsuma Loans - £423.88
Piggy Bank - £539.13
Mum and Dad - £540

Total debt - £7,448.57

wannabe_credit_free

Hi Jack. Shares can go up or down. The interest on your debts might outweigh what you will get on your shares next year. If thats the case I would rather take the money now and pay down any interest accruing debt. On the other hand if leaving your shares means you will gain more money than any debt interest, then hang on until next year. Shares are pure speculation though as they can plummet at any time.

Hopefully someone will reply who knows more about them than me...:D

t2rry

Hi! That's a fantastic dent you have already made on your debt...bet you can't wait for payday this month to see the next reduction

dean23

Hello all, I know it's been a while since I last posted, but I've been pretty busy. Working hard, overtime etc. I've also been selling plenty of things on eBay (it really is amazing how much money you can make selling things you would never normally think about selling)

I've sold my shares and got a lump sum from that and done a few other bits and bobs to try and raise some money. I don't have and exact figure, but I'm sure come payday I'll be able to pay some much bigger sums of these loans.

I'll obviously update when I do that an all.

I hope everyones well. Keep strong, stay focused, stick to your goals and we can ALL beat our debts!!

Dean

dean23

This months payday is here. Payment's made. This is how the debts looking now. With one payday lender fully back back

June 2014

Wonga - £858.10
QuickQuid - £1447.04
P2P - £1014.13
PaydayUK - £589.75
Peachy - £106.89 - Target to be cleared in June
Sunny - £639.65
Lending Stream - £1290
Satsuma Loans - £423.88
Piggy Bank - £539.13
Mum and Dad - £540

Total debt - £7,448.57


July 2014

Wonga - £643.95
QuickQuid - £1367.04
P2P - £934.13
PaydayUK - £529.75
Peachy - £0
Sunny - £539.65
Lending Stream - £1240
Satsuma Loans - £343.88
Piggy Bank - £469.13
Mum and Dad - £320

Total debt - £6,387.53

t2rry

That's a huge reduction in such a short space of time...not envious at all!! seriously, really well done!