Pay ALL your debt off by Xmas 2015!

bogbrsh250

Quite baffled and disgusted. Rang up one of my short term loan company's today and despite finishing my loan 14 weeks early and already paying over £190 in over payments, on a 32 week loan of £960 with interest included in that figure I will only be saving £65 on interest out of the £360 original planned interest amount. Fuming isn't the word. Bye bye debt. Can't wait for freedom.

cutiepieabf

Hey guys!! Sorry its been so long!!
RIGHT - i have managed to secure some extra evening work so the extra pennies are going straight onto my CC as additional payments. I am determined to get a chunk of this paid by xmas, even if it is not the full balance. It has now been about 6 months since my last CC app for 0pc bal trans was denied due to poor credit. I checked with experian and a missed payment had been logged so hopefully by now my score will have improved sufficiently. If i can manage to get one even if its only for part of my current CC balance, it would help so much to make a dent in the balance. The alternative is a loan but the best one was with HSBC and i currently have a payment agreement with them to pay back my old bank accounts OD, so i dont think they would accept an application from me.

Any thoughts on this?

These are my ONLY TWO DEBTS LEFT!!! I so want to start 2016 better off! As it stands i predict by Jan i will have paid off my old OD debt of £800, and hopefully reduced my £8000 CC down to £6000......

fingers crossed......

bogbrsh250

Used the £200 I borrowed off my father today to pay off my 2 loans early saving me nearly £100 in interest but paying him back next week. Not adding him to my total.

#151 1505/4180

Pablosammy

Afternoon all! To those asking to join the challenge, that's no problem at all! I'm running an update tomorrow, so I'll assign you all numbers then.

To everyone else, keep on trucking :beer:

Ccarter

Well I was owed some money and finally got it today so a lovely £200 payment made.

0027

New total is now:

£4229.84 / £4,535.13

DreamerHelen

Hi Pablo....Can I change my Target please? Having looked at what I can realistically do and also stretch myself a little...I need to now say that I can aim for £3500 paid this Year...


I know that seems like not very much but I'm not on a massive income and I will be really pleased if I can pay off that much this Year


So right now I'm at £789.28/£3500 (£2710.72 left to pay)

Dizzy_Imp

Hi everyone :hello:

Finally online and back in control of the finances - bought an old, very old house and am now letting out my modern property, so hoping the rental income will boost my debt-busting.

Have juggled and swapped and squirrelled money all over the place and am hugely delighted to report that I have paid off £8736.10 since the beginning of July :j

New total #85 £17,532.67/£25,000 = 70%

It really looks like I'll be able to reach my target for Christmas, which makes me VERY happy!

Pidge_jen

Hi all,
Another furniture payment takes me to 70% of target total for the year :j
Have updated in signature.
Probably should have paid more off this month but we are going away in September so im keeping some money aside. Whatever I don't spend on holiday can go into debt repayment on our return. We are staying with 2 friends who definitely have an extravagant lifestyle so it might be a challenge to get them to rein it in a bit! Looking forward to it though.
Hope all is well with you all.

Money_Muppet

Payday payments of £818.50 bring me to;

#75 £5999.16/£18624.98

Applied for the new HSBC account - after that £240 incentive! Fingers crossed! Think Xmas this year will be a step too far now. Have bought a few shares on a work scheme that I can sell next April - that should get me very close... but Xmas comes before April
Also we found out we are expecting child #1 in November which is ace news, but certainly won't speed up my debt busting!

bogbrsh250

#151 1525/4180