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Slaying my final Debt Dragon: The Capital One Card.
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You’re so close to breaking the £300 barrierMortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 12st determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge.1
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I know and have been thinking about it.in_need_of_direction said:You’re so close to breaking the £300 barrier
Oh well. £11.42 paid.
Day 22 :
Payment : £11.42 paid
Remaining debt : £299.75
Leap Day 2024 - the day of freedom. The day my pernicious debts finally died.
Legacy Default dates :
Mr Lender - 31/10/2022
Fund Ourselves - 22/12/2022
Bamboo - 30/3/2023
Likely Loans - 14/4/20231 -
I have a new plan and a very ambitious target.
Weird things happen on Leap Days.
My plan is to pay this debt in total on Feb 29th. From pay, meagre savings and a subsequent frugal March.
Leap Day 2024 - the day of freedom. The day my pernicious debts finally die.Leap Day 2024 - the day of freedom. The day my pernicious debts finally died.
Legacy Default dates :
Mr Lender - 31/10/2022
Fund Ourselves - 22/12/2022
Bamboo - 30/3/2023
Likely Loans - 14/4/20232 -
I just picked up on your threads from a post you made elsewhere, your username rang a bell with me and on reading back, of course, the council tax and the phone call to the council! - I can’t believe how far you’ve come in little over a year. A massive well done to you!
I will just suggest making absolutely sure that you are not leaving yourself short by clearing the final debt at the end of the month. As exciting as it is to see debt gone (we’ve all been there!) banking on a frugal following month is “almost” like using credit in a way. Better really to have the frugal month and then lay off with a flourish from money you already have, rather than from money you are hoping to save…🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her2 -
Well, it's done.
The Capital One Credit Card is finally fully paid off !!
Capital One said that at this point they will close the account. If they don't I'll chase them up in a few weeks time.
Dairy over.
The End.Leap Day 2024 - the day of freedom. The day my pernicious debts finally died.
Legacy Default dates :
Mr Lender - 31/10/2022
Fund Ourselves - 22/12/2022
Bamboo - 30/3/2023
Likely Loans - 14/4/20230 -
well done you!
You might well find it useful to keep the diary to keep your focus on now building savings rather than clearing debt - as I presume this is going to be your next goal?🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her1 -
yes, please keep us posted on how a debt free March works for you.congratulations on completing what, i'm sure, at times felt like a never ending slogMortgage at 01.01.14 £119,481.83:eek: today £0 Emergency fund £5.5/5.5k & £200/200 cash.:jWeight 24/02/19 14st 7lb now 12st determined to stop defining myself by my mistakes. Progress not perfection.:T100%through my 1% mortgage challenge. 100% through my pb challenge.1
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