We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
It's been a while since I posted...
sassman
Posts: 32 Forumite
Hi All,
I think I posted in the Autumn of 2020 so thought it was time I recorded my progress:
My credit card debt is now £9.2K across 2 interest free cards; it was £29K at the start of 2020.
I was planning for July-2021 for the final card payment but a purchase a £5K computer has put me back a few months.
So hopefully September-2021 I'll be debt free.
I also have approx. £2K in savings which I'm hanging on to.
Happy days.
I think I posted in the Autumn of 2020 so thought it was time I recorded my progress:
My credit card debt is now £9.2K across 2 interest free cards; it was £29K at the start of 2020.
I was planning for July-2021 for the final card payment but a purchase a £5K computer has put me back a few months.
So hopefully September-2021 I'll be debt free.
I also have approx. £2K in savings which I'm hanging on to.
Happy days.
4
Comments
-
Well done!1
-
Wow that’s amazing progress, well done.4 months to debt freedom ...1
-
With all this news of Barclays reducing credit limits, Virgin Money raised mine from £8K to £13K; as result my balance to limit ratio across all my cards has dropped to 17.5%
All 4 cards are on a 0% deal and all scheduled to be paid off way ahead of time in Sept-2021.
My plan then is to use the cards for day-to-day spending and settled each month until the new mortgage deal is set up in June-2022.
Got to keep a credit history rolling lol!1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards