I am surprised 29 October 2018 at 9:47AM in Debt free diaries 2 replies 369 views

[Deleted User]

This morning when I logged on I found a message to say that I had been awarded a new badge......Debt free and proud........:D

For us a consolidation loan worked. We were paying our debts off but the loan enabled us to free up some extra money. I overpaid the loan each month even if it was only a few pounds. I cut up one credit card and only used the other one if I needed the security of the card and it was paid off IN FULL each month. I had also switched some money onto a 0% card which we also paid up early.

We were not as deeply in debt as some people, we did have to make a few economies but on the whole it was not too bad.

However, I realise that a consolidation loan is not the best way for everyone, for us it did work but only because we were strict with ourselves and did not use the credit card unless I needed the security it offers if things go wrong.

You can get there, it can be a rocky journey, but if you keep paying off even a small amount extra its amazing the difference it makes.

eveningontheground

That's fantastic, well done! As someone at the very beginning of their journey it's so nice to hear from people who've made it out to the other side

beanielou

Well done :j :j