DebtDivorceDisaster

Snail30

Hi! Here it is! My new diary to a new life! 

Any advice welcome! Though i am an avid reader of the forum so get the gist if what i need to do!  Basically im a mum of three going through divorce and trying to get out of debt as quickly as possible so i can start sleep better at night and do life better. 

Due to to such a disastrous debt/marriage i dont qualify for any great cc deals so instead of having the credit cards that were about 39% apr, ive taken a loan at 27% which is all i qualified for and have closed the credit cards! 

I can not tell you how much better i feel about this and im sleeping better too! 

Also i can overpay at any point for free soo im loving that! 

Ive done my SOA to death so im happy with that- there is just one thing outstanding i need to tackle to improve my finances and snowball the new life…..my car! 

My car is on finance in my ex name so we need to get rid of it as its costing me almost 600 a month with insurance etc included 

However the car is with blackhorse and so im pretty stressed about the drama of handling back! 

Im getting the dint and damage etc fixed to minimise the stress extra charges at the moment the voluntary termination at the min looks like its going to be 2k. 

My plan is to get a cheap run around so that the 600 a month can be in my bank :-) and gives me more choices to clear the debt quicker 

outoftheviciouscircle

Good Luck with your journey @Snail30, it must be a tough time for you.

Changing the car seems a sensible idea, the termination costs from leasing are horrendous, our current car is leased and we've said never again after this one. We were just drawn in by the monthly payments being so much lower.

It must be a relief to be sleeping better and it was a wise move to close all of your credit cards after consolidating. 

Good luck with your journey.

Snail30

Thanks- i have faith this time next year everything will be different but its sooooo hard when your in the thick of it. 

redofromstart

Good luck with your journey

Jrcoal5

One step at a time every penny paid or not added on to debt is a win, hope you get your car sorted, everyone’s journey is different but we will support you along the way xx

Honeysucklelou2

Well done for taking steps that will make your debt free journey easier. Hope you are able to find a  replacement vehicle easily.

Snail30

Aww thanks everyone! 

Really encouraging- i have spent the last few hours trying to imagine what it will feel like to be debt free! 

Feels far away today! Everything does….prob because i was watching married at first sight and im asking myself will i have that again….defo no plans romantically in the near future, but id love to not be as lonely and once im comfortable financially again, hopefully that will happen for me! 

Snail30

I was wondering if anyone has any good news stories to share as im feeling unmotivated, down and like im never going to be free from debt today….

vampirotoothus

Hi have you taken a look at WeBuy to see what they will offer for your car? 2nd hand car values have gone up substantially, so you may find that they could pay off your finance and you could still buy something. Worst case scenario is that it will take you a few minutes and it won't work.
Otherwise have you got stuff you could sell, to help you get the debts going down (and you will feel like it is going in the right direction)?
Good luck on the rest of your journey V x (PS there is a thread called debt free roll of honour, if you want stories x

redofromstart

Snail30 said:

I was wondering if anyone has any good news stories to share as im feeling unmotivated, down and like im never going to be free from debt today….

1. I was bitter and cynical, and I walked on to site in a strop, eyes met across a crowded room, 22 years ago. Me and Mr Redo. 2nd time for us both.

2. When I started my diary we were months off drowning. Now we have enough in savings to clear it.

Dreams can come true. You just have to want it enough, and enough to out weigh the trivial spends. I've lost count of how many things I haven't bought over the years, but I also can't remember what I didn't buy. Apart from jumpers, and kittens (obviously)

hope that helps. It is worth it and things can change in minutes

Snail30

Thanks it has helped to hear some stories….if anyone know of anywhere to support with the none financial sode of divorce too, id appreciate it. 

Already down today i made the mistake of looking at social media…to find one of our oldest and who used to be closest had a baby shower today and i wasnt even invited….i heard yoh lose friends In divorce but this was a real low today, as well as feeling really lonely…..which is tough as i know all this is for the right reason