📨 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
145791028

Comments

  • Wow! I love reading your diary, it is so inspiring. I made a couple of sales today, only a tenner but not to be sniffed at. Really enjoying having the credit card app on my phone as I then pay the money off the card as soon as I've transferred it from paypal.
  • flapflop
    flapflop Posts: 131 Forumite
    100 Posts Name Dropper
    Thanks @remote_control. I read someone saying that they're giving every £ a job and I thought that was a really good way of looking at things so now, no £ is too small. 
    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

  • I shall be following you also with great interest as I am in a similar situation to you and am also currently blitzing my house and selling stuff on that auction site. So far so good for me too! Each time I get a payment I have put it  straight to a payment off my cc. I just cannot do the interest anymore. Enough is enough! So thankyou for the thread and hopefully we can all motivate each other when/if we slip back a bit! 
  • I like that the things I've sold have gone to people that want them, even if I didn't get a lot of money for them.

  • flapflop
    flapflop Posts: 131 Forumite
    100 Posts Name Dropper
    @remote_control I agree, its nice that things don't go to landfill. 
    @OLaney thank you for your support. Are you keeping a diary too?
    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

  • Been following your diary the last few days you’re doing so well, it’s wonderful to see someone doing so well. Clearly a good salesperson too, being able to shift all those second hand bits and bobs. Will keep following this and see you reach your goal im sure :-)
  • Sounds like you’re making real good progress!

    i do have a question (you may or may not be able to answer it). PayPal is one of my creditors that voted in my IVA and thus such I have effectively been banned from conducting any business with them. Is there alternative ways to retrieve money from eBay from sellers without using PayPal? 

    I haven’t used eBay for years but I do have a few bits I could sell in the future.
    If you believe you can, you will. If you believe you can't, you won't.

    Secured/Unsecured loans x 1 
    Credit Cards x 8 (total limit £55,050)
    Creation FS Retail Account x 1
    Creation Credit Sale 0% x 1 = £112.50pm x 20 mths
    0% Overdraft x 1 (£0 / £250)
    Mortgage Outstanding - £137,707.00 (Payment 13/360)
    Total Debt = £7,400 (0%APR) @ £100pm - Stoozing

  • flapflop
    flapflop Posts: 131 Forumite
    100 Posts Name Dropper
    Thank you @Jamesyb123. I think its more to do with us having so much debt creating stuff lying around more than any real talent for selling. I have made a cool £7 tonight though! So.....bringing in the big bucks. 
    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

  • flapflop said:
    Thank you @Jamesyb123. I think its more to do with us having so much debt creating stuff lying around more than any real talent for selling. I have made a cool £7 tonight though! So.....bringing in the big bucks. 
    £7 more than you had when the 6pm news was on though :-)
  • flapflop
    flapflop Posts: 131 Forumite
    100 Posts Name Dropper
    Sounds like you’re making real good progress!

    i do have a question (you may or may not be able to answer it). PayPal is one of my creditors that voted in my IVA and thus such I have effectively been banned from conducting any business with them. Is there alternative ways to retrieve money from eBay from sellers without using PayPal? 

    I haven’t used eBay for years but I do have a few bits I could sell in the future.
    Ebay switched me over to managed payments and they're switching everyone this year  so buyers can still pay with PayPal but all money goes via Ebay and then to your bank account instead of through 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

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
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.4K 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.