one step forward

headoutthesand

and hopfully no steps back.

Have paid off and closed BArclaycard :j but not without some disappointment first.

I called Barclaycard this time last month and was told that i would be able to balance transfer at the end of July with a rate of either 6.7% for LOB or 0% for 6 months. Great i thought so paid £700 in July leaving £162 to pay on 1st August.

While waiting for July to pass, i got a letter telling me that they had reduced my credit limit to £670. Not the best as i needed to BT £860 but hey, not the end of the world.

On 1st August i paid the OS balanace of £162 waited 2 days for it to clear then phoned last night to BT only to be told i wasn't being offered a BT rate.

Apparently the guy from July gave me the wrong information. I was then told that my limit had been reduced because i had told them i wanted to BT and I was seen to be a high risk customer. Since the balance was reduced, they decided to withdraw any BT offers and up my APR to 24%.

I just decided to close the account there and then as the balance i was transfering is 21%.

I am looking at this positivley now.

I have managed to clear my OD and one CC in 6 weeks and now have one CC and store card to deal with. By using the snowball calculator i should be debt free by May 2008!!!!!!

I have to say, and i'm sorry to say, I have only been able to pay these two debts off because tax credit made a @rse of my single claim and i was due a back payment for 6 weeks.

My only downfall is that i'm back at work and although i have internet access, all access to forums are blocked.

On the plus side, i have recommeded my collegues to pigsback, envirophone and quidco (although i don't get any money for that one). I also have them swapping £2 coins.

I've been back at work for 3 weeks now and have even managed to get OT for this afternoon and tomorrow meaning double time, been covering for my manager for 2 weeks meaning a higher rate of pay and wangled a week off next week without having to take leave. MAgic

hypno06

Sounds like you are well on your way to becoming debt free :T

But I am a little concerned that your work block access to all forums - HOW VERY DARE THEY!!!!!

RAS

Hi

Well done so far.

Keep us posted

headoutthesand

forgot to put on this that i paid my last payment to my sister for her catologue. I bought furniture out it for DS1 bedroom before xmas but have over paid this month meaning no more payments. I now have an extra £40 to throw to the other debts.

Didn't go to work today - went to the salon to get waxed instead it does cost £5 but last longer in the long run and there is no way on earth i could wax myself - too sore.:eek: i'd rather pay someone to hurt me.

I have to say that i feel the biggest thing that is helping me throw every spare penny at my debts is (apart from MSE) online banking. I check it 4 times a day just to make sure. I also registered for it for the CC's.

I reckon it's a must for all DFW's

Thanks for the encouragement guys.