8 debt paydown diary

conkerlad

Well done on the progress, seem to be handling it great

sparks_2023

Vanquis has slipped back a little due to a couple of spends. Not overly worried as its limit is only £250. The old card was cut up but the new one through the post survived the scissors. Inexplicably they are still not charging any interest.

I need to concentrate on the Capital One card for now. That seems a bit of a mountain at the moment.


The latest 4-Debt Snowball :

Payment Assist (£135) - £27 per month
Vanquis (£222) - £15 per month
Capital One (£549.50) - £28 per month + PAD
TBI Financial (£514) - £9 per month

Total : £79 per month + PAD

sparks_2023

Vanquis are now back to charging their most welcome 39.94% APR interest. I'll have to switch the PAD to Vanquis now and leave Capital One ticking over at £28 per month.

4-Debt Snowball :

Payment Assist (£135) - £27 per month
Vanquis (£226.40) - £15 per month + PAD
Capital One (£499.99) - £28 per month
TBI Financial (£514) - £9 per month

Total : £79 per month + PAD

CMD79

Hi Sparks! You've made great progress and you've done brilliantly to get it down so rapidly. What's your situation? Are you working? Have family etc? The reason I ask is that I wonder if you might join some of the challenges on here to make extra money to help get things cleared down even faster?

x

sparks_2023

CMD79 said:

Hi Sparks! You've made great progress and you've done brilliantly to get it down so rapidly. What's your situation? Are you working? Have family etc? The reason I ask is that I wonder if you might join some of the challenges on here to make extra money to help get things cleared down even faster?

x

Thank you.

Yes, I'm working and spend a fair bit of time on the road due to my family situation. So very little free time at the moment, regretfully.

sparks_2023

The monthly £27 to Payment Assist has now been paid.

The latest 4-Debt Snowball :

Payment Assist (£108) - £27 per month
Vanquis (£226.40) - £15 per month + PAD
Capital One (£499.99) - £28 per month
TBI Financial (£514) - £9 per month

Total : £79 per month + PAD

sparks_2023

The PADs are adding up. 

4-Debt Snowball :

Payment Assist (£108/0%) - £27 per month
Vanquis (£189.85/39.94%) - £15 per month + PAD
Capital One (£499.99/26.4%) - £29 per month
TBI Financial (£514/0%) - £9 per month

Total : £80 per month + PAD

sparks_2023

I've been reflecting on the past.

Very happy now that the years of 13 parallel revolving payday loans every month ( Wonga, Toothfairy, Lending Stream, Mr Lender, QuickQuid, Ferratum, Fernovo, Fund Ourselves, CashASAP, Uncle Buck, Payday Express, PaydayUK, SwiftSterling, Pixie, Cash4UNow, SafetyNet Credit. No doubt more I forget. A rogues gallery of sharks. ) are long gone. Tens of thousands of pounds in all. Some claimed back, some companies went bust before I could.

A different more stressful existence.

Now just need to deal with the final consequences with this snowball.

4 months until the next debt falls away

sparks_2023

More PADs to Vanquis. Nearly at zero balance. Card to be retained after that and used as a petrol payoff-every-month-er with a small £250 limit. Capital One will be closed on payoff.

4-Debt Snowball :

Payment Assist (£108/0%) - £27 per month
Vanquis (£125.08/39.94%) - £15 per month + PAD
Capital One (£499.99/26.4%) - £29 per month
TBI Financial (£514/0%) - £9 per month

Total : £80 per month + PAD

sparks_2023

86p PAD to Vanquis.

Even small payments are a joy.