Debt Free by Xmas 2018!

arc2014

I've decided I need to start a diary, at the minute I keep posting on so many different threads that I can't even keep up with myself! So here I'll have a central point for all those DFW challenges I'm taking part in and all the big (and little!) DFW things I do! I have a DFD target of Christmas next year, which I think is really doable! Let's smash this!!

arc2014

Today is October NSD 2/15.


My aim is to make an extra £500 in October, my total currently stands at £12.74. Dismal but it's only from my first eBay sale!


So today I have sent off F&F offer letters to Moorcroft & Lowell. Offered Moorcroft £400 on a £1400 balance and Lowell £80 on a £300 balance. That's left me some room for counter offers from them both.


I'm still to'ing and fro'ing with Halifax over the charges that I'm trying to reclaim. Originally asked for all £2100+ charges back, I was being optimistic I think, but to get a counter offer of £80 I think was taking the mick a bit!! I've written back stating I'll take £1500, £1200 of which I'll use to pay my overdraft off, so really they're only "giving" me £300. Hoping I'll be taken a bit more seriously now, if the orignal £80 sticks, it's off to the FOS I go. I'm sure I've got a very strong case for a reclaim.


It's currently week 3 in my journey to claiming back interest from my payday loans. I'm ashamed looking back at just how much I borrowed, and appalled at all the interest I paid!! I'm hoping for nearly £10k back from QQ, Wonga & SafetyNet Credit, from loans over the last 5 years! That's an average of £2000 a year I've been paying in interest to these companies that have allowed me to keep borrowing more and more every month! :eek: :mad: :eek: Honestly I'm blaming it on the fact that I was young and had a really silly relationship with money, I took out my first payday loan when I was 19, I'm 24 now and took out my last one in August. I've promised myself I will take no more out ever!


All 3 companies have acknowledged my complaint, and said they will be in touch within an 8 week time frame, honestly I'm not keeping my hopes up, I've seen that more often than not these things go to the FOS and take quite a while to be resolved. I've worked out exactly how much interest I paid to every company, and set myself a figure that I would be happy with being offered.

DebtFreeDuo

Good luck with your journey, I definitely find it more helpful having my own diary as I feel a little more responsible for my pennies. My DFD target is also Dec 18.

arc2014

DebtFreeDuo wrote: »

Good luck with your journey, I definitely find it more helpful having my own diary as I feel a little more responsible for my pennies. My DFD target is also Dec 18.

Thank you! Good luck on your journey too!


Responsibility is exactly what I need, I can post on boards left, right and centre but no one can read 100% of what I am doing. I'm making myself accountable - for the good, the bad AND the ugly! (The first ugly being that I've just had to borrow from hubby to pay the council tax, which is something I'm supposed to be in charge of paying - the bright side though is that I didn't borrow from anyone who is going to charge me interest!!) I was £500 down on my wage before I even got it this month due to paying back my final payday loan, onwards and upwards though!

aquestionoftime

Ooh good luck! I'm aiming to get rid of all of my debt by the end of 2018 too!

arc2014

aquestionoftime wrote: »

Ooh good luck! I'm aiming to get rid of all of my debt by the end of 2018 too!

Looks like a few of us are in the end of 2018 band wagon! Let's hope we all make it!! :beer:

arc2014

Weekend check-in!

Totals so far:
October NSDs 4/15
£10 a day challenge £19.75/£500

I have an unpaid item on eBay which is annoying. Hopefully I should have a few more little pay days this week.

Still waiting on responses to the hundreds of letters I sent!

beanielou

Happy shiny new diary!
Hope you get responses soon to your letters.

arc2014

Honestly, they say these things are sent to test us, but I'm really being tested now!


We had a text late last night (not impressed!) from our landlord saying that he is giving us notice! No explanation or reason (I know he doesn't have to give us one, but it would be nice I think!) We've been in the house over 2 years, and this has just come out of the blue. So we need to move before Christmas!


The plus side is me & hubby are taking this opportunity to move to a cheaper house, we're hopefully going to be saving £150pm on rent & £80pm on council tax! So as much as there will be no over payments on debts for the next couple of months, after that there will be lots of spare cash that will be available.


On the debt busting side!


Totals so far this month:


October NSDs 5/15
£10 a day challenge £28.55/£500


I still have an unpaid item on eBay, and now will have lots more to add from the house move - the plus side of downsizing!

arc2014

I've received a letter from Halifax today stating that they uphold the £80, so I've just referred to the FOS. i have to say the process was very simple! Now we wait...

Nothing more on the PDL complains, not that I expected anything.

Updated totals for the month:

10/15 NSDs
£169.75/500 Make £10 a day in October
£248.37/2500 1 debt vs 100 days

I'm not sure I'm going to meet my £500 October target, but I will try! (Toddles off to list some things on eBay!)

arc2014

I've had a letter back from Lowell regarding my F&F offer, they requested an I&E form which I've sent off today. I'm expecting them to come back with a higher offer considering I only offered 30% of the total owed.


I've had emails mid last week from Wonga & QQ saying they're still looking into my complaint. No update from SafetyNet Credit.


My job is safe (for now) and we have (hopefully) found the perfect house for the next couple of years! Things are starting to look up again!