Time to start a fresh.

in Debt Free Diaries
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  • BlueJ94BlueJ94 Forumite, Ambassador
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    Really racking my brain tonight. 
    I started my DMP but I'm slightly regretting it. I honestly don't know what to do. 
    I have two smaller debts ocean finance and capital one both combined are £400. That's one DMP payment, if I can afford the dmp payment why couldn't I of paid these off? I'm really really tempted to cancel my DMP altogether and get my head in the game and focus focus focus! I want to be in control on my own debts, I don't want to feel like someone else is going to do it for me. Otherwise I think i really won't learn from it. Any advice whoever may be reading :smile:
    I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert. 

    Sealed Pot Challenge ~ 15 #070 Target £1000

    Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
    Tilly Tidy 2022 £8.38/£500
    Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365

    118 Money £1880
  • SarahwithloveSarahwithlove Forumite
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    Now you have done the DMP the damage is done so I would keep going and focus on using this time to get your budget sorted, get an emergency fund and even possibly overpay the DMP. 
    *RBS credit card - £1930.50* - £0.00
    *Tesco Credit card - £3604.30* - £0.00
    *Finance - £581.91 - £0.00
    *Dad loan - £5300 - £3600
    Total debt *£3600* £11,416.71


    Emergency fund/Sinking Fund - £2500/£5000

    Mortgage Overpayment - £30.34/£1000
    Facing Reality - My Debt Free Diary
  • BlueJ94BlueJ94 Forumite, Ambassador
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    Now you have done the DMP the damage is done so I would keep going and focus on using this time to get your budget sorted, get an emergency fund and even possibly overpay the DMP. 
    I've only started my DMP this month, they're still contacting creditors etc. But thank you, will get my budget sorted :smile:
    I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert. 

    Sealed Pot Challenge ~ 15 #070 Target £1000

    Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
    Tilly Tidy 2022 £8.38/£500
    Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365

    118 Money £1880
  • SarahwithloveSarahwithlove Forumite
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    Yes true but the moment one defaults that's the mark on your credit file and damage is done so if one has already defaulted you might as well stick it out in all honesty. Plus this way if anything we're to happen and your income drop for example you can get the company to help you renegotiate your payments rather than having to do them all yourself. Up to you some people prefer to do it themselves others like it to be managed for them. 
    *RBS credit card - £1930.50* - £0.00
    *Tesco Credit card - £3604.30* - £0.00
    *Finance - £581.91 - £0.00
    *Dad loan - £5300 - £3600
    Total debt *£3600* £11,416.71


    Emergency fund/Sinking Fund - £2500/£5000

    Mortgage Overpayment - £30.34/£1000
    Facing Reality - My Debt Free Diary
  • BlueJ94BlueJ94 Forumite, Ambassador
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    1,000 Posts Fourth Anniversary Name Dropper Photogenic
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    Yes true but the moment one defaults that's the mark on your credit file and damage is done so if one has already defaulted you might as well stick it out in all honesty. Plus this way if anything we're to happen and your income drop for example you can get the company to help you renegotiate your payments rather than having to do them all yourself. Up to you some people prefer to do it themselves others like it to be managed for them. 
    Ah yes, very true. Thank you :smile:
    I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert. 

    Sealed Pot Challenge ~ 15 #070 Target £1000

    Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
    Tilly Tidy 2022 £8.38/£500
    Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365

    118 Money £1880
  • BlueJ94BlueJ94 Forumite, Ambassador
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    Plan of action today 
    I know I have 4 CC under £500. Two of them are at £200 each so I'm going to pay them both outright next month if I do decide to come off the DMP and I'm going to offer F&F on two others, just seeing what they will offer.
    Write to all CC and Loans and see if they will stop interest and charges.
    MAKE A BUDGET! I keep putting this off. I need to do it! Someone check in on me at 8pm to see if it's done 😐
    I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert. 

    Sealed Pot Challenge ~ 15 #070 Target £1000

    Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
    Tilly Tidy 2022 £8.38/£500
    Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365

    118 Money £1880
  • BlueJ94BlueJ94 Forumite, Ambassador
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    To do list this evening 
    - clean up spare room
    - Add stuff to ebay (if it's still max £1 fee)
    - make fake away zinger meal!
    -mop and bleach bathroom
    -sort a budget!!! 
    I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert. 

    Sealed Pot Challenge ~ 15 #070 Target £1000

    Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
    Tilly Tidy 2022 £8.38/£500
    Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365

    118 Money £1880
  • FootyFanDanFootyFanDan Forumite
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    just a reminder to sort your budget!!! hahaha.  :D
  • BlueJ94BlueJ94 Forumite, Ambassador
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    just a reminder to sort your budget!!! hahaha.  :D
    Hahaha thank you! At least someone reminded me, I'm in the process of filling it out as I wait for my fake away kfc zinger burger to cook :smile:
    I’m a Forum Ambassador and I support the Forum Team on the Debt-free Wannabe and Spending & Discounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing [email protected] All views are my own and not the official line of MoneySavingExpert. 

    Sealed Pot Challenge ~ 15 #070 Target £1000

    Pay ALL Your Debt Off By Xmas 2022! #66 £2139.48/£4700
    Tilly Tidy 2022 £8.38/£500
    Saving for Christmas 2022 - £1 a day challenge #03 £8.38/£365

    118 Money £1880
  • SarahwithloveSarahwithlove Forumite
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    1,000 Posts Third Anniversary Name Dropper
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    How's the budget looking? Did you get it sorted? 
    *RBS credit card - £1930.50* - £0.00
    *Tesco Credit card - £3604.30* - £0.00
    *Finance - £581.91 - £0.00
    *Dad loan - £5300 - £3600
    Total debt *£3600* £11,416.71


    Emergency fund/Sinking Fund - £2500/£5000

    Mortgage Overpayment - £30.34/£1000
    Facing Reality - My Debt Free Diary
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