Success story - thank you MSE!

greyville

So, six-and-a-half years ago I posted this thread:

https://forums.moneysavingexpert.com/discussion/3744595/im-totally-bamboozled-can-anyone-help

I had about £5k worth of debt, £3,200 on a credit card, with monthly repayments of £105 but only paying £9 a month down.

I won't lie - my financial position was bad back then and I remember feeling ashamed to have to loan money from my student girlfriend due to my naivety about finance/credit cards.

Thanks to the advice from this forum, I was able to do a balance transfer and pay down all the debt on a 0% rate.

I've since done two more balance transfers (ending the credit cards no longer offering the 0%) and, as of next month, the balance will finally be down to £0.

It feels amazing to be a month away from being debt free, and it's a million miles from 2012. Thank you everyone who helped me understand things back then.

My credit rating is very good now, my car is paid for and, after bills I still have 70% of my income left over for savings, pension contributions and to put aside for holidays.

I suppose also it's a sign for those who think there's little hope when things are bad financially. Step by step - you can get out of it, but just don't be afraid to ask for help.

cjv

Well done!

I am also a big fan of all the helpful people that frequent these forums too, they have helped me come a long way financially from where I was two years ago.:T

BakingC

Congrats on the achievement greyville.

Hope you stick around long after your money troubles being over!

damoC

Well done, that's great news!
Im around 12months from being completley free but only 5 months from being free of the cards.
Balance transfers have helped alot and this forum is full of helpful advice.
I agree with your ashamed feeling at the start of the long journey but hey progress is being made, even more so for yourself.
Well Done!!

fudgecat

Congratulations on your success. It is so nice to read about people who have sought advice, acted on it and changed their lives.

Samsung_Note2

OP i can honestly say I HATE YOU...!!!!

Fancy paying off your debts and having all that money spare...not jealous...much.lol

Thats a pretty decent turn around and fair play to you for sorting it,im watching my debt grow daily and im now thinking exactly that its time to kick its backside and pay it off.

Hoping to clear mine in a shorter time and can imagine the feeling of being debt free (ish) must be wonderful.

Ben8282

greyville wrote: »

So, six-and-a-half years ago I posted this thread:

https://forums.moneysavingexpert.com/discussion/3744595/im-totally-bamboozled-can-anyone-help

I had about £5k worth of debt, £3,200 on a credit card, with monthly repayments of £105 but only paying £9 a month down.

I won't lie - my financial position was bad back then and I remember feeling ashamed to have to loan money from my student girlfriend due to my naivety about finance/credit cards.

Thanks to the advice from this forum, I was able to do a balance transfer and pay down all the debt on a 0% rate.

I've since done two more balance transfers (ending the credit cards no longer offering the 0%) and, as of next month, the balance will finally be down to £0.

It feels amazing to be a month away from being debt free, and it's a million miles from 2012. Thank you everyone who helped me understand things back then.

My credit rating is very good now, my car is paid for and, after bills I still have 70% of my income left over for savings, pension contributions and to put aside for holidays.

I suppose also it's a sign for those who think there's little hope when things are bad financially. Step by step - you can get out of it, but just don't be afraid to ask for help.

Congratulations

Former_MSE_Andrea

Huge congratulations!

Well done on all your hard work.

MSE can lead a horse to water but...

Make sure you post on the Debt Free Roll of Honour to shout it out from the roof tops when you're ready!

Andrea