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The Light is Here
cc4rhu
Posts: 111 Forumite
About 10 years ago I started a DMP which was meant to last 88 years. I am now proud to say that I have one payment left to make - unless there's some slight miscalculation somewhere.
I knew this day would come but all those years ago it seemed so far away. Going on a DMP was the best thing I ever did. Kept my house, assets (nothing of real value) and sanity.
The only thing I did religiously was remember that I was in control. I paid what I could afford and no more. I had to pay less payments sometimes, overpaid others, but never missed.
I am now finally free. What a relief of burden.
I knew this day would come but all those years ago it seemed so far away. Going on a DMP was the best thing I ever did. Kept my house, assets (nothing of real value) and sanity.
The only thing I did religiously was remember that I was in control. I paid what I could afford and no more. I had to pay less payments sometimes, overpaid others, but never missed.
I am now finally free. What a relief of burden.
0
Comments
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Wow - amazing! Well done you. How do you feel though? Surely more than just relief! Pride!Savings as of April 2023 Savings account - £26460.50(14474.88)Current account - £2140.24(4576.79)Total - £28600.74(19051.67) £1010 (£65pm CS/BS) £250 CS/BS/JS0
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Don't think it's sunk in really. Perhaps when I do make that very final payment!0
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Well done!Make £25 a day in April £0/£750 (March £584, February £602, January £883.66)
December £361.54, November £322.28, October £288.52, September £374.30, August £223.95, July £71.45, June £251.22, May£119.33, April £236.24, March £106.74, Feb £40.99, Jan £98.54) Total for 2017 - £2,495.100 -
Don't forget to post on Roll of Honour
DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0 -
Congratulations !!
Ten years a hell of a long time.
Not for everyone, but glad it worked for you.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 -
It's a fantastic feeling isn't it? I'm at the same stage as you, one payment left after 6 years 8 months (originally 11 years) and over £46,000 of debt.
I can't quite believe the day has almost arrived when we will finally be debt-free;)
Enjoy your new found freedom:j
Ellie xDebt Free 1st March 2017
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congratulations! I remember getting df as being quite an anticlimax! We had spent a year so focused on clearing the debt, and lived for the moment that is was cleared (we cleared £16k in 10 months) but when the day came it was a surprise, I'd called my loan to find out what was left on it and it was a lot less than I was expecting, maybe around £40 so I paid it then and there. Dunno what I had been expecting but it was just like "oh that's over now"!
However not being in debt for all these years has been priceless. Everything we have wanted or needed we have paid for it, we now have savings, I was out of work for over a year and we've been able to take it in our stride. EnjoyDF as at 30/12/16
Wombling 2025: £87.12
NSD March: YTD: 35
Grocery spend challenge March £253.38/£285 £20/£70 Eating out
GC annual £449.80/£4500
Eating out budget: £55/£420
Extra cash earned 2025: £1950 -
Well done, congratulations, fantastic, awesome achievement.
Words simply cannot describe what you have achieved:beer:DFW Nerd No. 1484 LBM 07/01/15 Debt was £95k :eek: Now debt free and happy :j0 -
Wow a big fat congratulations to you :beer:
I am just starting out on approx 6-7 year journey (hopefully sooner) and it's posts like yours that show it is indeed possible.
Thank you for sharing
Well done and enjoy your freedom
MEmptying my lake with a teaspoon0 -
Congratulations and very well done. Now you can focus on saving for your future.I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment 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.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
The 365 Day 1p Challenge 2025 #1 £667.95/£451.50
Save £12k in 2025 #1 £12000/£124500
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