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Finally Debt Free!!
StN82
Posts: 3 Newbie
Hi this is my first post but I've been using this site and reading the forum for over a year now and just thought I'd let you know how I got on.
My original debt was a £5200 bank loan, and 2 x £1000 credit cards. So just over £7000 in total. Last month I had left:
Bank Loan - £1200
Egg Card - £950
Capital One - £500
Mum - - £1000
Topman Card - £120
Total = £3770
I had been struggling with the repayments since I went back to University last year but this site helped me stay focused on not getting into any further debt.
Last month my Mum won the phone in competition on Deal or No Deal and won £15,000! She gave me £3000 and told me to forget what I owed her, I couldn't believe it!
I was tempted to splash out on a big plasma tv and playstation 3 but I did the sensible thing and paid off my loan, two credit cards and the store card it was the quickest £3000 I've ever spent it was gone in under an hour!
I cant believe how big a weight has been lifted off my shoulders I feel so much better now everythings cleared and the cards are cut up.
Anyway good luck to everyone else on getting debt free but dont worry too much you never know whats around the corner.
My original debt was a £5200 bank loan, and 2 x £1000 credit cards. So just over £7000 in total. Last month I had left:
Bank Loan - £1200
Egg Card - £950
Capital One - £500
Mum - - £1000
Topman Card - £120
Total = £3770
I had been struggling with the repayments since I went back to University last year but this site helped me stay focused on not getting into any further debt.
Last month my Mum won the phone in competition on Deal or No Deal and won £15,000! She gave me £3000 and told me to forget what I owed her, I couldn't believe it!
I was tempted to splash out on a big plasma tv and playstation 3 but I did the sensible thing and paid off my loan, two credit cards and the store card it was the quickest £3000 I've ever spent it was gone in under an hour!
I cant believe how big a weight has been lifted off my shoulders I feel so much better now everythings cleared and the cards are cut up.
Anyway good luck to everyone else on getting debt free but dont worry too much you never know whats around the corner.
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Comments
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Well done i had the same situation a while back, nan gave me £1000, i almost wasted it but i did the right thing and paid my debt off.
Well done (that plasma tv could be half price in january sales):rolleyes:0 -
Thats great news, well done.
That's the trouble isn't it, a wad of money and then your mind starts running away thinking that its 'spare' money when it really isn't.
Really pleased that you were able to stay focussed.:jDFW Nerd 267. DEBT FREE 11.06.08
Stick to It by R.B. Stanfield
It matters not if you try and fail, And fail, and try again; But it matters much if you try and fail, And fail to try again.0 -
well done!! I agree with paula, im getting my new telly in the january sales!!!
Thats fantastic news about ur mum winning!!LBM 29/07/ 07
TOTAL DEBT: [strike]3300[/strike]1500
DFD: Aug '08
:rudolf:Pesky Xmas Savings Challenge: 62/500 No.006 Of Lucys Party Season Challenge 14/09/07: 4.5:mad:/28lbs:xmassmile
Official DFW Nerd Club No.641
Proud To Be Dealing With My Debts0 -
What a generous Mum and you were sooo sensible. Lovely news. Congratulations.0
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Well done you! Can't wait to be debt free... will be a while for me yet though.Jan 1st 07 Car loan £4830.46@12% Personal Loan £11,517@8% variable Overdraft £1500 July 2009Halifax-£0Debt free date 14th July 2009 :j0
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:dance: Congrats!:dance:Debt Free - done
Mortgage Free - done
Building up the pension pot0 -
well done!Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
Personal Finance Blogger + YouTuber / In pursuit of FIRE
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Great for you.
Do u have enough left to just get the PS3?I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post 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 & not the official line of Money Saving Expert.
Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
"A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.
***Fall down seven times,stand up eight*** ~~Japanese proverb. ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
One debt remaining. Home improvement loan.0
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