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Biting the bullet

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  • Well done on the huge progress you have made in 2020.  Keep going!
    paydbx2025 #26 £890/£5000 . Mortgage start £148k June 23 - now £138k.
    2025 savings challenge £0/£2000
    EF £140. Savings 2 £30.00. 17
  • 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...
  • 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 :smile:
  • bamgbost
    bamgbost Posts: 482 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Well done! Making good progress!  Whats your target Debt free month?
    365 Day 1p challenge - £371.49 / 667.95
    Emergency Fund   £1000 / £1000 ( will enlarge once debts are cleared)
    DFW - £TBC
  • If I keep going this aggressively then July 2021 is possible...
  • 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.
  • 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.
  • 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!!
  • Sorry can’t answer the question but what fantastic progress!! Well Done!! 
    April 2020 - £102,222 Loans/CC’s.

    Jan 2022 - £0
    Cleared - £102,222

    Jan 2022 - Now time to build suitable investments and a business!
  • Generally they tend to be one or two months behind. 
    *Dad loan - £5300 - £7300
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0

    Barclaycard - £2315.25 - £0.00

    *Total debt - £7300/£10680.85*


    Savings
    *Savings Buffer - £1100/£1500
    *Emergency Fund - £1000/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
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