The road to my end of 12 years of debt.

sparks_2023

Bamboo has issued the default.

Cashfloat have indicated I'll get a discount if I pay up soon ( need to find out details ).

CashAsap have around 7 "working days" left to respond before they have to pay for the Ombudsman.

sparks_2023

Got the dreaded "Time is running out, son" email to avoid a default from Capital One.

So it's either a stressful call to them to setup an "arrangement to pay", pay £200ish to bring the account up to date or just que sera sera and let it default.

I am a little mindful of having too many multi-hundred-pound defaults at once, but we'll see how things play out on Monday and if the cashasap compensation has moved forward before then.

sparks_2023

CashAsap have just paid out. Excellent.

Overdraft gone, DVLA fine paid, CashAsap default wiped. Will consider what else to pay off and update state of play after payday on Friday.

sparks_2023

CreditSpring account paid off and closed.

The current debts are :

Likely Loans ( £700 ).
CashFloat ( £150 ).
Bamboo[Defaulted] ( £550 ).
Aqua (29.2%) CC ( £1337, Cut up ).
Capital One (26.4%) CC ( £631, Cut up ). 
Vanquis (39.94%) CC ( £223, Cut up ).
Payment Assist ( motor repairs ) ( 11 x £27 ).
Zopa (38.65%) CC ( £194, £200 Limit ).
Smile CC ( £475, £500 Limit )

Defaults : Oct 2022, Dec 2022, March 2023


So now I am clearer. This diary has been about getting clarity as my thoughts have been all over the place. I have learnt the important priorities are gas, electric and council tax, not some whining, harassing and threatening unsecured debt company.

I'll close it now - and open a new diary volume soon with a debt snowball plan. The initial targets of the snowball will be the CashFloat loan and the Vanquis credit card, 2 relatively easy wins.