The first step has been taken...

Billy_Dandy

Good afternoon to all readers.

I have today, cancelled all of my direct debits as per the advice contained within this wonderful forum.

I had just had enough.

I recently had some unexpected large bills of the veterinary kind.

It has also been necessary to acquire a wheelchair accessible vehicle and that coupled with the cost of living, especially the cost of heating oil and coal has driven me to the stage where I cannot worry anymore about how I’m going to pay this or that.

I updated my phone number on all accounts. Just using an old phone I had in a drawer with a free SIM from EE (I won’t be making any calls so it won’t cost anything to receive, apparently).

I deleted my landline number too. Nearly forgot that one...

I changed my email address on all accounts to a gmail address so I won’t bother checking that too frequently.

I shall be putting money into the emergency fund as advised herein.

I suppose I just wait now…see what happens.

elsien

You’ve done your SOA so that you won’t need to rely on credit moving forwards from this point? 

Billy_Dandy

elsien said:

You’ve done your SOA so that you won’t need to rely on credit moving forwards from this point? 

Yes, I have done a SOA and calculated pro rata payments for creditors based on what the current balances are (I am aware they will increase as interest is added for the next few months).
I have come up with a figure that I feel I can afford to pay each month. They'll get their money, without interest, over 48 months. When the time is appropriate, I shall make the offer.
I will not need to rely on credit. 

Floss

Do you have an emergency fund?

Billy_Dandy

Floss said:

Do you have an emergency fund?

Yes, I have commenced putting away the cash I'm not paying to creditors into an EF.