Be kind and share :) What are our debt totals? How far do you all have to go?

sillyspendy

wow everyone is doing great

DebtClearer

AngryDog wrote: »

Approx £29770 .

I've just made a F&F Settlement offer for a CC Debt of £1600 for £9422. I know it wont be accepted, as they turned down my £950 offer recently, but I am hoping now that they see I can negotiate, hopefully they will and we can come to an arrangement. I'd like to be debt free by April next year.

I am selling pretty much everything I own making a lot of sacrifices, as I want to be back on the property ladder in 3 years.

Surely you wont get on the property ladder in three years. Those settlements will crucify your credit rating.

AngryDog

DebtClearer wrote: »

Surely you wont get on the property ladder in three years. Those settlements will crucify your credit rating.

My credit rating is ruined anyway, but the earlier I get out of debt, the better chance I have at rebuilding it. My partner also has a very good credit rating.

Ateotd, I can do but try. I am sure some mortgage company will allow me to buy a house, as I plan on being debt free, and my defaults will have dropped off my file.

jubilee14

at highest Nov 2012 £37012 about to break through the 30's into twenties next month, but would move quicker if helifax stopped the interest.

AngryDog

Have you asked them to stop the interest? Has the debt defaulted?

7839matth

£18k on a DMP
£12k on a Secured Loan (My priority to pay off)

DMP will be done in 3.5 years, as best as i can i will save as much extra as possible and pay a lump off my secure loan at the end of the DMP

ALSO_2

I have £25,000 worth of debts left (used to be a lot more, been paying debts for 17 years now!), I've never been on a DMP or other arrangement, I pay full interest on all of them all this time.

I have just been given a £25000 loan by Zopa a few days ago, I paid off EVERYTHING to the last penny, my monthly repayments as a result are now £600 LESS. HOWEVER, if I pay those £600 into the Zopa loan as extra every month then I'll be debt free 2 years from now that is my plan anyway.

well done to all us

moohound

Debt free, but starting to help OH with his CCs

£80 cap one (approx) paying interest on this one, will be gone this month.
£3000 HSBC on 0%
£14500 car loan over 4 years @ 4.9%

Once the credit cards are gone we will make a proper start on the mortgage endowment shortfall of £8000 which we have seven years to sort out, and the second mortgage of £4500 for the garage at a higher rate (5.9%) than our main mortgage.

Roland_Sausage

£1260 left for me. I plan to make the final payment on Monday - 2 days from now and 5 months ahead of schedule

This is down from astarting point of £15,320 in December 2011.

debtclosure

I owed 68,000 in October 2009, I now owe 3,300. In 2 days I will be paying off 3k of this. So then it will be £300 to go.