Pay ALL your debt off by Xmas 2020

st182

Massive congrats lynnee! that's awesome- and has spurred me on to make my £100 payment and make sure I do the rest of the month with what's left........... so:

#175 = £6000 / £7000

£1000 to go. Thanks for ecouraging me folks 

Skinnylatte

Well done every one. I'm nearly there. It's amazing how much you save when the shops are shut!! £440 to go.

005 skinnylatte £ 6187.97 / [STRIKE] £ 6.627,97 [/STRIKE] 93.3%

Honeysucklelou2

Congratulations Lynneee!

Paid £110 off a debt last night so new figures are -
# 93  £963/£10,025

CreditCardJunkie

058 - I have paid off my £1600 🎉
However we have joint debts of £2334 which is my new target by December payday! 
Well done to everyone so far!

truebluemummy

Hi everyone 

I have been following for a while but not done anything about it. So I have 3cc and they total to £9235. I dont expect them to be written off by Christmas but I hope to have paid some money off them. It was £11728 this morning but we got our refund back from tui today so knocked 1 cc down to £835 which I do hope to be paid off by the end of the summer if sooner 🤔.  I need to check in with my mortgage as that is currently on a standard rate now. Does anyone consolidate your debt to one payment is it worth it?  Any help support or advice would be greatly appreciated please. Stay safe everyone xxx

CreditCardJunkie

truebluemummy said:

Hi everyone 

I have been following for a while but not done anything about it. So I have 3cc and they total to £9235. I dont expect them to be written off by Christmas but I hope to have paid some money off them. It was £11728 this morning but we got our refund back from tui today so knocked 1 cc down to £835 which I do hope to be paid off by the end of the summer if sooner 🤔.  I need to check in with my mortgage as that is currently on a standard rate now. Does anyone consolidate your debt to one payment is it worth it?  Any help support or advice would be greatly appreciated please. Stay safe everyone xxx

The advice here is not to consolidate because you turn unsecured debt into secured debt, whilst not addressing your spending/budgeting issues so tend to rack it all up again, doubling your debt. My advice is to start a diary and post up a SOA, the kind folk on here will help you come up with a realistic plan & give great advice to become debt free!

st182

OK so that didn't last long....... been searching for an engagement ring for months and finally the perfect one came up- so I had to jump at it! (she knows, she asked me, had my ring a while- we're too old, wise and experienced to do anything traditionally!)
So i've absorbed a small amount of the cost but had to load CC1 to soak up the rest- up £300 we go  (it's not the end of the world and at least it's for something positive!)

#175 = £6000 / £7300

That's the new target, aim to clear cc1 again soon in the not too distant future then back to concentrating on cc3. Keep up the hard work all! 

ahall3519

Good afternoon everyone! Amazing debt busting by everyone so far! Please put me down for £5 to the usual CC which makes it £304.88/£1000 paid. 

XSpender

Took an item back to the shop and paid the refund over to the target CC.

£4,173.28/£10,000 41.7%

SuperSavingD

st182 said:

OK so that didn't last long....... been searching for an engagement ring for months and finally the perfect one came up- so I had to jump at it! (she knows, she asked me, had my ring a while- we're too old, wise and experienced to do anything traditionally!)
So i've absorbed a small amount of the cost but had to load CC1 to soak up the rest- up £300 we go  (it's not the end of the world and at least it's for something positive!)

#175 = £6000 / £7300

That's the new target, aim to clear cc1 again soon in the not too distant future then back to concentrating on cc3. Keep up the hard work all! 

Fabulous, congratulations.  I’m sure you’ll have that £300 knocked off in no time 🎉🥂🍾