New fresh diary for 2023!

BlueJ94

Morning, 

I've said down this morning and gone through catalogues that I have available credit for and decided to close them. Therefore I can't use them. 

One catalogue has £700 usage on there so I need to tackle that. 

BlueJ94

Came across my old debt tracker

Creditor	Owed	Monthly Payments	End Date
Vanquis	449	50	14 months (June 22)
Fluid	200	30	12 Months (April 22)
		30	7 (October)
Aqua	463.48	30	18 Months (September 22)
Barclaycard	280
Five Lamps	779.01	1
118 Money	2065.84	60	37 Months (24)
Likely Loans	868	60	18 Months (September 22)
SafetNet	400?	40

BlueJ94

This is my updated debt 

Debt			Limit	Spent		Free
G0902756			£100	£80.08		£19.92
T6264894			£700	£632.92		£67.08
G0897882			£100	£22.88		£77.12
Freemans			£100	£0		£100
Jacamo	A1398886		£100	£25.29		£74.71
Jacamo	G6790479		£100	£0		£100
Jacamo	A1415468		£100	£0		£100

£761.17 

MrFrugalFever

Good to hear you're still live on the forum Jade!

Get that pesky debt gone, the magic £0.00 is the goal and it's been a long time coming!

BlueJ94

MrFrugalFever said:

Good to hear you're still live on the forum Jade!

Get that pesky debt gone, the magic £0.00 is the goal and it's been a long time coming!

Thanks! Life has just gotten in the way and not been on here as much. Trying to refocus now.

I have 3 catalogue accounts open but I've not actually spent anything on them, do you think it's best to close two and keep one open or close all? 

Debsnewbudget

Close all and tidy things up.
If you really need one in the future you can always reopen one

MrFrugalFever

From a purely temptation / self-discipline perspective i'd suggest closing them. In the grand scheme of things your arrangements to pay on your credit reports will be seen in a more negative light than the closure of some unused catalogue accounts in my opinion.

You will find some dips and lows in your journey and that's perfectly normal! Just remember that you CAN put yourself in the right mindset to tackle the debt and STAY debt free, it is possible!

BlueJ94

MrFrugalFever said:

From a purely temptation / self-discipline perspective i'd suggest closing them. In the grand scheme of things your arrangements to pay on your credit reports will be seen in a more negative light than the closure of some unused catalogue accounts in my opinion.

You will find some dips and lows in your journey and that's perfectly normal! Just remember that you CAN put yourself in the right mindset to tackle the debt and STAY debt free, it is possible!

Okay thanks, I was planning on closing them anyway as they've been open since November last year and I've had no temptations to use them. Just wanted to see if it would outweigh the the negative effect on my score. 

I'll send closure requests across to them now

BlueJ94

Debsnewbudget said:

Close all and tidy things up.
If you really need one in the future you can always reopen one

That was my plan anyway, just wanted to see if keeping them open and unsure would be good or not. 

EssexHebridean

I think until you can get yourself debt free and then prove to yourself that your budgets are all working and that you can then stay DF closing the catalogues is the best thing to do. What sort of thing do you mainly use them for? If it's clothes, then setting up a clothing pot that you budget into monthly might work for you - not least as having a finite amount of money available to spend does help you to focus on whether you need something or just want it!