The long haul supporters thread...

Pickle29

Wow, well done Sashanut!
You have done amazing, how did you do it? What changes did you do ( I gather you aren't on a DMP)?

Happytogetdebtfree

Wow sasha that's amazing well done wont be long before your debt free xx

Chrisblue1962

recurrent-ostrich wrote: »

I'm back. After a shocking year away, during which time we've paid mins on our CCs and then needed to spend on them to live. Everything is just *so* much more expensive. We are just wanting to get through Christmas then in the New Year it's head out of sand time and I really need to get cracking. Our current debt stands at approx £38.3K. :eek:

Hi all, I woke up this morning (sounds like a blues song! lol :rotfl:) and I felt a bit angry but then very optimistic. Confession Time: Despite being on a DMP, I have accrued a further £3935.00 debt on two credit cards :eek:....yes, I know this is wrong but my partner has struggled to get steady employment over the last five years and has just got some Agency work for a few weeks after losing her job again. This has obviously impacted on our finances I now realise this is serious and needs to be addressed NOW.

I have little room for repaying it more but I am determined to throw any spare money at the credit cards so that month on month, thngs will improve.

Hope people reading this are understanding and not too critical...I feel a bit embarrassed about it but like the quoted post, it's time to get my head out of the sand .

Ellieseleven

It's hard isn't it ChrisBlue especially when you're not sure which way to turn but the main thing is that you recognise that it will cause a problem so you are determined to turn it around;)

Good Luck and I hope that things turn out well for you

Ellie x

Chrisblue1962

Thank you Ellie, I am confident we can turn things around but the constant financial battle is tiring

andydgg

hi all, haven't logged in for a while.
It's a bit complicated I suppose but I think I'm now happy where I am.
LBM October 2010 with 27k cc debt,
Today I've got 4400ish on two cc. Both are 0%. £1900 0% ends in April, £2400 ends in August. (ish).
I've just been accepted for 0% with .075% fee for 26 months. So have transferred both balances to 0% for 26 months for a fee of £32.
£4300 over 26 months is £166 a month.
I'll pay the minimum and put any money I'd overpay into a isa.
I do have shares that I've been buying as savings that I can cash in and are worth about 4k so can cover the debt if things go tits up again.

It's been a long road but I really do think I'm entitled a drink.

I'm not debt free but feel as if I'm as good as.
If anyone wants to know how I got here, let me know.

andydgg

chrissy blue, your sig says it all...one brick at a time,,,from little steps a run etc etc ...
every *penny* you reduce your debt by is a victory; Remember we're all addicts... thin of it as an addiction we are recovering from...I'll always be one purchase away from being on the slippery slope to despair of debt. It's a fight we'll always be fighting.

Debtbuster2014

sashanut wrote: »

Hi all :j


Just out of interest (!) I went on to the snowball calc which I filled out in 2009. Just thought I would post this to tell you how bad it was - I think that was an updated version because I first came on here in despair in 2006, but the figures were approx. the same tbh. as no payment other than minimums made in the next 3 years. We have our own business which was doing well initially - hence the stupid spending - but then in 2006 our income dried up completely :eek: to not even enough to pay the mortgage, let alone any debts.


Total cc debt in 2009 was £93K+ - which was made up of various credit cards for us both, all at huge interest rates. In addition to this we had a £5.5K and a £2K overdraft that was maxed out every month. Plus we have a mortgage which allows you to draw cash on the 'unused' portion of your debt - fatal for people like us!!! So the actual mortgage was £70K but the additional overdraft facility that was used - was another £65K.

I had hoped to be DF last year but all the debt we have now is just one cc - at 0% till July - of approx. £6K. We also have a M&S cc which I pay everything on & pay off in full every month - the vouchers we get from this we use to buy all our food in December for Christmas. Yesterday the huge payment was to finally pay off the overdraft on the mortgage - £42,650.00. That then leaves a mortgage of £37,500 on this house...plus the £6k cc

That wouldn't have been possible without the help from MSE & this great thread, keeping me focused!! So Thank You everyone, I am not DF yet but getting there :T

Wow !!!! Truly amazing we have around £55,000 hoping to pay it off In 3-5 years that's amazing and gives me hope we can do it !!! Well done !!

Debtbuster2014

Chrisblue1962 wrote: »

Hi all, I woke up this morning (sounds like a blues song! lol :rotfl:) and I felt a bit angry but then very optimistic. Confession Time: Despite being on a DMP, I have accrued a further £3935.00 debt on two credit cards :eek:....yes, I know this is wrong but my partner has struggled to get steady employment over the last five years and has just got some Agency work for a few weeks after losing her job again. This has obviously impacted on our finances I now realise this is serious and needs to be addressed NOW.

I have little room for repaying it more but I am determined to throw any spare money at the credit cards so that month on month, thngs will improve.

Hope people reading this are understanding and not too critical...I feel a bit embarrassed about it but like the quoted post, it's time to get my head out of the sand .

Hi Hun
We are the same we have a dmp and also have run up credit cards due to work problems and car issues which we need to get to work now must pay them off !!!
I'm really ready to tackle this now too do you have a diary ??

Debtbuster2014

Hi

Can I have a number please or join please I'm going to be here for a while !!!
Thanks