Biting the bullet 21 May 2020 at 8:39AM in Debt free diaries 68 replies 4.3K views

Honeysucklelou2

Well done on the huge progress you have made in 2020.  Keep going!

savvylondoner

Finally I seem to have been offered a few (albeit minor!) BT cards. I've also bitten the bullet once more and cut up the trusty AMEX that's been haunting me. So, with a money transfer to pay off my PayPal Credit (this one's been really annoying me) and a BT to take a big chunk of AMEX away it feels good. These transfers will both be paid off in 6 months. Current plan is to hit sub £5k by end of June...

savvylondoner

So PayPal now on £0 - I hate how these payments take ages to process and so glad to have cleared this with MT money that's on 0%. 
Current totals (now sub 10k!)

£1200 on 0% CC1
£1200 on 0% CC2
£2800 on Lloyds
£4500 on AMEX

Total now £9700

bamgbost

Well done! Making good progress!  Whats your target Debt free month?

savvylondoner

If I keep going this aggressively then July 2021 is possible...

savvylondoner

I'm still being strict with myself - posting to try to keep accountable. I transferred 'spending money' to monzo on payday, but every time I have a NSD I transfer my daily budget to AMEX CC to chip away. Feels so good to be in single figures for first time I can remember. Lack of opportunities to spend, and shifting shopping to Aldi have both helped massively on this final strait.

savvylondoner

Doing some spreadsheet work... DFD of 25 July still definitely possible. For the first time (ever?!) I've stuck to groceries budget this month. One more C&C at Aldi to pay and it'll be within budget by 2p!! Can't say it's been that easy but with careful planning it's possible. Continuing to pay down as I can... every time I have a NSD I chip a bit more off.

savvylondoner

Does anyone know how long balances take to get reported to ClearScore? Checked my new score today - it's gone up a tiny but, but debt total is still what it actually was in November and there's about £3k to come off!!

Aspiration

Sorry can’t answer the question but what fantastic progress!! Well Done!! 

Sarahwithlove

Generally they tend to be one or two months behind.