We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Pay ALL your debt off by Xmas 2017

1109110112114115201

Comments

  • Caeraugirl
    Caeraugirl Posts: 603 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Hi all

    Some amazing debtbusting going on on this thread, well done everyone!!

    I have been following but haven't overpaid much of my loan so keep forgetting to post my total.

    #44 £2852.01/£16000

    Still, with the limited overpayments I've made so far I've managed to shave two months off the length of the loan, and now I have a bit of a wage buffer to "pay" myself a consistent amount at the end of each month (am paid weekly in one job, monthly in the other) I can start throwing any extra I earn at the debt.

    Hope the day's as lovely with you as it is here :wave: xx
    #21 Save £12k in 2025 £25577.35/£20000


  • Chappie77
    Chappie77 Posts: 191 Forumite
    Ninth Anniversary 100 Posts Photogenic Combo Breaker
    Morning all!

    Paid £150 off the debt this week so...

    £2061.18/£5500

    Chappie x
    PAD - Barclayloan - £3078.32/£3758.32

    January 2022 Grocery Challenge - £600

    Saving for Christmas 2022 - #33 - £1 a day Challenge - £10/£365

    Virtual Sealed Pot Challenge 2022 - £8.55/£500
  • parsniphead
    parsniphead Posts: 2,897 Forumite
    Part of the Furniture 1,000 Posts
    My first update of the month is a payment of £42.91

    #22 856.13/7148.37 11.9%

    I had worked out to keep on track I needed to have paid off £1787 by the end of march. Mmmmmm I'm a little bit behind but at least I've paid off some of the debt. My be difficult to catch up though. What can I sell. Does anyone want to purchase my DH.;)
    1 debt v's 100 days chapter 34: T3sco bank CC £250/£525.24 47.59%

    [STRIKE]MBNA - [/STRIKE]GONE, [STRIKE]CAP ONE[/STRIKE] GONE, [STRIKE]YORKS BANK [/STRIKE]GONE, [STRIKE]VANQUIS[/STRIKE] GONE [STRIKE] TESCO - [/STRIKE], GONE
    TSB CARD, TSB LOAN, LLOYDS. FIVE DOWN, THREE TO GO.
  • elleJay42
    elleJay42 Posts: 165 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    Just the minimum payment for my 0% CC this week, we got an offer on the flat yesterday and it wasn't quite enough so we've gone back with a counter offer, hopefully this'll all be sorted soon and I can really start throwing some serious money at my debts!

    Really happy to have paid off over £900 now and to be back in the £3000's instead of 4 though :)

    #118 903.07 / £4861 (18.58%)
    Total debt at LBM = £4861.03

    DFBXmas2018 #91 - £3342 / £3500 (95.4%)

    HTB ISA - £0 withdrawn for house purchase! :D
    Wedding Fund £2550 / £5000
  • Penny_pauper
    Penny_pauper Posts: 176 Forumite
    edited 8 April 2017 at 6:34AM
    Morning
    #108 is now 1753/8350
    thank you
    getting out of debt 1753/8350
  • kirtsypoos
    kirtsypoos Posts: 3,826 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Morning all!

    #006 checking in with £3210.97/£10000 please muppets :)
    Let’s just pretend I have not been alternately drowning in debt or only eating toast to try and pay it off for the last 20 years 😭
  • Florence_J
    Florence_J Posts: 1,942 Forumite
    Fifth Anniversary 1,000 Posts Combo Breaker
    I miscalculated last month's total, but in my favour.

    After a bit of bonus Birthday Booty Money, I am pleased to say:

    #53 DEBT PAID OFF IS £878.61/£1500 which I think is about 58.57%!

    Woo Woo!
    Debt Free Stage 1 - Completed 27/08/2020
    Debt Free Stage 2 - Completed 50/181 Payments
  • #9 checking in, new total paid to date £5000, £9k more to go.
  • Caeraugirl
    Caeraugirl Posts: 603 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Just paid another £459.72 - the extra over and above my monthly salary in my repayment pot -so new total is:

    #44 £3331.73 / £16000

    please Muppets.

    I've also just requested a cash transfer from my idle Barclaycard, 1.9% transfer fee that will still save me £200 in loan interest once I factor in said fee, and on 0% for a year. I know it's borrowing from Peter to repay Paul, but apart from the money I'll save, the psychological effect of getting the loan below £10k will be enormous!
    #21 Save £12k in 2025 £25577.35/£20000


  • Still chipping away #073 789.43 /2500
    PAYDBX 2017 #073 2571/£2500
    EF #220 460/£1000
    MFW dec 12 [STRIKE]£97000[/STRIKE] jan 18 £86973
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.8K Spending & Discounts
  • 246.1K Work, Benefits & Business
  • 602.2K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 260K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.