Nearly there!!

Dollymix12

I've just had an omg moment and realised I have almost paid off everything! I've just made a £2,000 payment to my MBNA card which has left it at £1,751.60 left to pay. I am waiting on 2 PPI settlement cheques totalling £5,500 which will almost wipe out my Lloyds one, I will have also freed up nearly £900 in monthly payments servicing these debts so with this and 1k in savings it should only be a few more months before I'm debt free!

I would never have thought this was possible at the start of the year and has only been made possible by finding out I was ineligible for PPI, I've had a huge amount of loan and credit card debt over the years so the amounts I've had back have enabled me to wipe out nearly £20,000 worth of debt since June!!

I'm so happy as I can finally look forward without it hanging over my head and look forward to buying a new house :j

crazy_cat_lady

That is fantastic news - well done.

Dollymix12

To be honest I feel like I've cheated a bit with getting most of it back from PPI payments. Hopefully I will be able to change my spending habits and not just fall back into it but with £900 available to me each month that used to be debt payments I'm hoping that I will be ok!

[Deleted User]

that of course is the next trick,staying debt free,maybe set yourself a serious savings target?

Dollymix12

I'm going to set a target as we are saving a deposit to move house, my house is so small and we really need more space, it's a big motivator!

Fingers crossed I will be able to do it!

dirtycredit

Nice one, Dolly..and saving for the new house is deffo the best thing to keep you on the straight and narrow!

uncreative

You can do it, its a great feeling being debt free, and seeing a savings account build up gets very addictive......or is that just me. We have just made an offer for a house as we have saved the deposit and at the start of the year I thought that wouldnt be possible...

Dollymix12

It really is an amazing feeling I also love seeing savings grow but that's half my problem I horde the money I have and spend on credit card instead, it sounds completely daft and I know it make no sense I just don't like spending my savings as I like seeing it there!

I'm getting impatient waiting for the offer letters to turn up tho, I just want to get it paid off against these cards now that I know I'm getting it!