📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

£31k of debt to go in 18 months.

Options
1171820222328

Comments

  • flapflop
    flapflop Posts: 131 Forumite
    100 Posts Name Dropper
    Have you looked on paypal statement to see why it's not as reduced as you thought. 
    @Sarahwithlove it has reduced more than I was expecting. I will go back to find out why but I won't complain too much 😀
    Total debt at peak 2021 = £38931
    Debt at start of diary £31,073.95
    Current debt = £25402.41
    Paid off = 33.22%
    Next - £278.30/ £0.00
    Simply Be £62.95/ £0.00
    Very £617.09/ £0.00
    Paypal £1974.00/ £0.00
    Mum £5800/ £5000
    Yorkshire bank £7,000/ £2037.12
    Tesco credit card 0% £9000/ £8800
    Virgin CC 0% £10,000/ £9220.38

  • Ahhh OK that's good then that its in your favour :) 
    *Dad loan - £5300 - £7200
    *Virgin Credit Card - £3552.50 - £0
    *Natwest - £1828.35 -£0.00

    Barclaycard - £2315.25 - £0.00

    Creation Finance - £960.32 £840
    *Total debt - £8040/£11641.17*


    Savings
    *Savings Buffer - £100/£1500
    *Emergency Fund - £1500/£1500


    New diary- https://forums.moneysavingexpert.com/discussion/6474943/the-three-cs-coffee-clothes-credit-cards/
  • That’s class, good effort!!
  • Wahey! Well done
  • You are doing brill! Very well done.
    3-month emergency fund (Cash ISA & PBs): £4744/ £6,000
    Stocks and shares ISA: £1497
    Additional pension contributions £0
    Overpayment on mortgage: £0
    Big Renno..£0
  • Well done  😁
  • flapflop
    flapflop Posts: 131 Forumite
    100 Posts Name Dropper
    edited 25 February 2021 at 5:15PM
    I had my Very statement through today so I thought I would check to make sure there were no pesky interest payments due and it turns out I was £62 in credit so I have phoned them to get that paid back. Needn't have worried about finding that £4. I also ended up selling £63 yesterday which was better than expected.
    Just waiting for payday tomorrow so I can re-assess what I am up to. I'm getting nervous about UC but still have 2 weeks until I hear from them. I would have normally had my CTC today so I would have a much clearer idea of what was going on.  Also, the council tax benefits team re-assessed my income and took away what they had originally given me. Nothing lost nothing gained I guess. 
    I need to update my signature. Goodbye Paypal. 
    Total debt at peak 2021 = £38931
    Debt at start of diary £31,073.95
    Current debt = £25402.41
    Paid off = 33.22%
    Next - £278.30/ £0.00
    Simply Be £62.95/ £0.00
    Very £617.09/ £0.00
    Paypal £1974.00/ £0.00
    Mum £5800/ £5000
    Yorkshire bank £7,000/ £2037.12
    Tesco credit card 0% £9000/ £8800
    Virgin CC 0% £10,000/ £9220.38

  • Whoop whoop that’s a bit of good news about the credit!! Keep going 😀 maybe you can build an emergency fund now with sales and just use income for debts. Growing savings and reducing debts then. 
  • flapflop
    flapflop Posts: 131 Forumite
    100 Posts Name Dropper
    I've managed to save £1k from the selling but I want to grow that. I need to take the doggo to the vets on Saturday so that credit takes care of that :) 
    Total debt at peak 2021 = £38931
    Debt at start of diary £31,073.95
    Current debt = £25402.41
    Paid off = 33.22%
    Next - £278.30/ £0.00
    Simply Be £62.95/ £0.00
    Very £617.09/ £0.00
    Paypal £1974.00/ £0.00
    Mum £5800/ £5000
    Yorkshire bank £7,000/ £2037.12
    Tesco credit card 0% £9000/ £8800
    Virgin CC 0% £10,000/ £9220.38

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.