Pay ALL your debt off by Xmas 2015!

Rachiedabbler70

hello everybody


Some cracking payments all big and small well done. February seems to be going well. :j
This is my last payment for Feb £330 to my credit card.


#058: £2,202.34/ £10,400 (21.18%)
Last year I had 7 debts and 2 mortgages, now I have 2 debts and 2 mortgages and it is really surprising now how much I am snowballing. I have dropped below £80k total debt for the first time in 8 years. :cool:


Good luck everyone - let's keep the momentum up in March.:)


Thanks Pablosammy:A

samcornfield

Not going brilliantly this month as I have had to get the car fixed which has cost me £400 :-(

Paid off another £100 today though #136

Now £200/£8000

mossy

Evening all, after a couple of people mentioning switching bank accounts to get the switching deals I have been contemplating doing this.

I wouldn't want to move our main current account (with Barclays) as we've had it forever and because we have banked with them for a long time and they have a different way of working out how much they will lend etc, we were able to get a mortgage through them last year when no one else was interested (DH self employed).

We do however have a separate current account with Barclays that we use to pay all of our bills. I was thinking of the santander 123 current acc as they'll pay cashback on most of our d/ds payments and we may even earn interest during parts of the month. However, I've had an oooh should I do it moment...I need someone to slap me and tell me not to be 'a loyal fool'!!

Loyalty with Barclays has paid off for us as we now have a house, but with the monthly cash back and quidco cash back for transferring we could get around £100 this year which I could use towards paying off some debt.

What to do...what to do!! :think:

Silian

mossy wrote: »

Evening all, after a couple of people mentioning switching bank accounts to get the switching deals I have been contemplating doing this.

I wouldn't want to move our main current account (with Barclays) as we've had it forever and because we have banked with them for a long time and they have a different way of working out how much they will lend etc, we were able to get a mortgage through them last year when no one else was interested (DH self employed).

We do however have a separate current account with Barclays that we use to pay all of our bills. I was thinking of the santander 123 current acc as they'll pay cashback on most of our d/ds payments and we may even earn interest during parts of the month. However, I've had an oooh should I do it moment...I need someone to slap me and tell me not to be 'a loyal fool'!!

Loyalty with Barclays has paid off for us as we now have a house, but with the monthly cash back and quidco cash back for transferring we could get around £100 this year which I could use towards paying off some debt.

What to do...what to do!! :think:

Hey mossy,

I recently did the following (maybe it will help you decide):

• Switched my main bank account to Halifax for £100 incentive and £5 per month.
• Switched joint account to Santander 123 as that is where all our bills are paid from. So far it was worth it as I have received a lot of cashback.
• Opened a Natwest account for the 5% interest. My plan is to switch this around in future for the incentives.

So far I am happy with my changes Except that my credit rating has taken a Huge hit. I'm not planning on getting credit for a while, so that is OK, but it is something to keep in mind.

Whatever you decide, remember to check topcashcack and quidco for additional cashback (I forgot on my halifax account)

Edit: Right now I am making about £30 per month thanks to these changes (where I used to pay £17 per month) excluding the moving incentives.

Skinnylatte

Pay day, and bonus day, so I could have been debt free today, but very sensibly paid my bonus in to my pension instead :A but not long now...

#008 £2680/£3407 78.6%

astrid35

Made a wee sneaky payment before the end of February of £42.27. Takes my total to

#5 1065.05/3850.85 (27.7%)

Keep up the good work everyone! :beer:

blubella

Small payment of £44 bringing total payments to

#101 £594/£2000

Will pay make a few more payments after I have shuffled my money around to claim my incentives. Really, really want to get below £17,000 of my total debt...that will be a good feeling!

32b3in2013

Morning

A few payments made this month so my new total is

#56 £520/£4315 - 12.1%

I hope everyone is well.

32b3

muppets

Just stopping by quick to add my totals for the month of Feb wanted to get them posted before I ran out of time this month.

#34 Pd £2164.40 / £15,000 - 14.42%

bogbrsh250

hi quick check in. not much movement this week. car is permenantly out of action. going to scrap it to get money back and hoping to get money back off my insurance to put it away to buy a new car.


#151 110/3280