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Back on it for 2016!
Debtfreedaydreamer
Posts: 9 Forumite
Hi all,
I haven't been on this forum since June 2015, but in that time we have set up a DMP with SC and it was the best decision we have made! I feel so in control of my debts and we can finally start planning for the future!
So in 2015, we managed to pay back around £1500 from £9000 debt which leave around £7500. I actually cant believe we managed this! Our debt free date has been calculated at Jan 2020, but i'm hoping to get this paid 2 years earlier as we would like to apply for a mortgage in 2021 and I think you should wait 2 - 3 years after finishing a DMP before applying for a mortgage??
Also, I've just opened a Halifax H2B ISA which ill be putting £100 per month in to build up a lump sum, albeit slowly!
Its a long way off, but life is on the up and in 2 years ill be qualified from my doctorate and earning so much money than my current bursary!! woooooo.
A sincere good luck to all debt free wannabe's!
I haven't been on this forum since June 2015, but in that time we have set up a DMP with SC and it was the best decision we have made! I feel so in control of my debts and we can finally start planning for the future!
So in 2015, we managed to pay back around £1500 from £9000 debt which leave around £7500. I actually cant believe we managed this! Our debt free date has been calculated at Jan 2020, but i'm hoping to get this paid 2 years earlier as we would like to apply for a mortgage in 2021 and I think you should wait 2 - 3 years after finishing a DMP before applying for a mortgage??
Also, I've just opened a Halifax H2B ISA which ill be putting £100 per month in to build up a lump sum, albeit slowly!
Its a long way off, but life is on the up and in 2 years ill be qualified from my doctorate and earning so much money than my current bursary!! woooooo.
A sincere good luck to all debt free wannabe's!
June 2015 - LBM and Debt Total £9000
Jan 2016 Debt Total - £7415
Total amount saved for mortgage deposit £10/£12,000
Jan 2016 Debt Total - £7415
Total amount saved for mortgage deposit £10/£12,000
0
Comments
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Great progress so far, did you sign in the 'how much we paid in 2015' thread
https://forums.moneysavingexpert.com/discussion/comment/69822948#Comment_69822948Debt -it's a fight that I'm winning, dealing with debt one day at a time.
Estimated DFD August 2018 - 2031 - now 2027 :T
Guide dog Tess, missing Scotland 2 years
DMP support no438.0 -
Yea, echo the above, good luck !!I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0
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Ahh no I haven't, ill do that now thanks! Just realised my signiture has the wrong date on for last year so that needs changing.
Thankyou all!June 2015 - LBM and Debt Total £9000
Jan 2016 Debt Total - £7415
Total amount saved for mortgage deposit £10/£12,0000
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