How much have you lowered your debt in the last year?

Shineyhappy

I am in more debt than I was this time last year but that is because I brought my ex out of my flat. I reckon since then I have paid off about 3.5k though, since January which really isnt too bad!

I am so pleased that I have lowered my OD limit to 2k from 2.5k and still have a 1k safety limit! I dont think I have had such a small OD since I got one at 18. This time next year I hope to be chipping away at my mortgage and trying to establish what I believe is a savings account! Not sure if you can actually put money into the bank, I always thought parents/grandparentsgave you these mysterous things then you blew the lot asap, I will have to do some research to make sure!

Well done everyone!!

Go team DFWs!!

kizzykizzywizzy

Can't believe how well everyone has done:j
I have paid off about £5,000 since February, which is pretty amazing as before we were adding £500 to our debt every month!! so I would have owed another 4,500 by now:eek: We've done this by not buying anything we don't REALLY need,cutting down on food shopping, changing insurance etc.
Still a massive £14,800 to go, I know we'll struggle to get rid of a lot with Xmas coming, but will keep bashing away at it:T
Can't wait to be debt free & know any money after bills will be ours
We would never have been able to do this without the support & advice from people on this site.
it's great to get a pat on the back sometimes, especially when you can see how far you need to go, it really does help:p

Kevicho

Nov 2005 ive forgot the exact figure about 11K
By Jan 2007 had it at 3k
By mar 2007 it had risen to 8K
Now its about 6K (taking into account savings), but i have outlayed money for IT training so would be about 4K by now

The debt Yo yo continues

buxtonrabbitgreen

Maz3374 wrote: »

Wow!!! An 18k payrise!!! I'd settle for an 18k job!

Yes. Me too

newlywed

I have paid off £3,700 since May this year.

Only way I have managed that is with CCCS and a DMP as now (almost) all interest has been stopped.

By December this year I should have paid off nearly £5000.

always_amazed

I've halved mine...
...but I've not found it easy and I think the last half is going to be harder than the first.
xxx