Setting debt to rights

Bobarella

Yes we've all done silly things. I was just interested as I think knowing where the rot set in is vital to recovery.

amaranthus

I don't know if I could pinpoint exactly why or when it all started, but I've pretty much had debt of various amounts since around 2000, so clearing it will feel amazing.

amaranthus

Transferred the balance on my MBNA card to my new 0% Barclaycard, with only a £50 transfer fee, which is fine. The MBNA card has just gone through the shredder

Bobarella

Well done you

[Deleted User]

Morning,

Thought I'd pop in and say hello.

Well done on the balance transfer

amaranthus

Thanks Decided to transfer my Santander CC balance (£2,700) as well, which was 22.9% APR. My snowball calculator is now showing my debt free date as April 2018!

[Deleted User]

Excellent work amaranthus

amaranthus

Visited my folks today to help move some furniture around, and got plied with food - mum's freezer has broken down so she was giving stuff away.

Also signed up for Chip, following a BBC News article - see about halfway down this article for info on the free savings app: http://www.bbc.co.uk/news/business-37798513
I've installed it on my phone and will report back in about a week how it goes. If anyone else wants to try it out, you can use the referral code 7PNBEI.

amaranthus

October summary
- Monthly repayment goal - £500. Actual repayment £675.
- Transferred £5,400 of debt to a 0% interest card.
- Closed 1 credit card account and shredded card.

amaranthus

November summary
- Monthly repayment goal - £500. Actual repayment £513.
- Closed Capital One credit card account (34.9% interest) after transferring £500 outstanding balance to 0% card.
- Credit rating increased by 97 points.