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Light at the end of a very long tunnel
Rex_Black
Posts: 3 Newbie
Hi Folks
I started my Debt Free journey in October 2009 with a total outstanding debt of £45200. Five years laterand I have cleared 70% of that debt, but still looking at just over 2 years until I can say I am free of it!!!
I've always kept it in mind that it was my fault I accrued that much debt so it was up to me to repay it no matter. But what I keep wondering is all the adverts I have seen about a government incentive to write off up to 75% of your debt. While I never looked down that route anyway I always wondered if that was at all possible?
And if so, as I have cleared 70% of my debts can I ask for the remainder of my debts to be waived?
Looking forward to being Debt Free
Rex
I started my Debt Free journey in October 2009 with a total outstanding debt of £45200. Five years laterand I have cleared 70% of that debt, but still looking at just over 2 years until I can say I am free of it!!!
I've always kept it in mind that it was my fault I accrued that much debt so it was up to me to repay it no matter. But what I keep wondering is all the adverts I have seen about a government incentive to write off up to 75% of your debt. While I never looked down that route anyway I always wondered if that was at all possible?
And if so, as I have cleared 70% of my debts can I ask for the remainder of my debts to be waived?
Looking forward to being Debt Free
Rex
0
Comments
-
short answer is NO
in fact even the longer answer is NO
sorry0 -
Well done on clearing 70% of your debt
SPC # 348 2014-£169.07/2015 - £156.89
GC 2014 Feb-Dec £2931.62
GC 2015 Jan £216.93/£220 Feb £291.97/£215 Mar £213.64/£220 Apr £207.62/£220
DFBXmas2015 #40 - £3,474.61/£4,0000 -
You are doing amazingly, what an inspiration! Keep going, the end is in sight! Total Starting Debt August 2014- £38,061
Current Debt- £3600
Mortgage Offset Savings- £600
90.5% paid off so far...0
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