Hopefully debt free before Mortgage renewal in June 2026

Tezzadp

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Tezzadp

1stTimer said:

Congratulations! That was very good planning 👍

Thank you. I was pretty pleased it worked and logically i couldnt see why it wouldnt. If they let you make "partial" payments with no extra interest payments to make on them, but they charge you a ton of interest on the outstanding balance if you want to pay it all off via a settlement quote. Then what is stopping people from paying it virtually all off, and then getting a settlement quote on the outstanding tiny balance remaining? ....... Nothing. So, thats exactly what i did and it has paid off. 

Although, i have not had a confirmation email from Hastings yet to confirm that the loan has been settled. But i will let you all know when i do, in case anyone else is in the same situation.

Thanks for your support 

Tezzadp

Ive not had a confirmation email from Hastings loans yet. But i have had an email saying i cancelled my direct debit and i should have done blah blah. It has all been steeled as far as im concerned and im just awaiting my confirmation from them now. Hopefully they will sent that asap, probably Tuesday now as its a long Bank holiday weekend.



No money spent today
No direct debits today

Daily debt payment

Natwest CC Daily payment £2.10 Total daily payments made this month £18.54 (to this card & £18.73 to my old Hastings loan - Same debt). 

Total of all Natwest CC payments, including weekly payments (not inc £54.83 payments to previous cards/loans), made this month £29.54 leaving a balance of £4779.21

*This month refers to 31st March to 29th April (the day before pay day)

Tezzadp

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in_need_of_direction

Love the picture and the sentiment. 12 opportunities to restart as opposed to failed ny resolutions. Thank you

Tezzadp

No money spent today
No direct debits today

As its Bank holiday my standing order for £40 into my emergency/savings hasnt come out of my bank yet so i will account for that when it does on Tuesday. 

Debt payments

Natwest weekly payment £12.00 - Total weekly payments made this month £23.00 (to this card & £37.00 to my old Virgin CC - same debt) (increasing payments by £1 per week until the debt is paid)

Natwest CC Daily payment £2.11 Total daily payments made this month £20.65 (to this card & £18.73 to my old Hastings loan - Same debt). 

Total of all Natwest CC payments, including weekly payments (not inc £54.83 payments to previous cards/loans), made this month £43.65 leaving a balance of £4765.10.

*This month refers to 31st March to 29th April (the day before pay day)

Tezzadp

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Tezzadp

So every week i will show the average amounts i need to pay back daily, weekly and monthly until the 0% promotional period on the credit card finishes at the start of April 2026. 

The figures will go up slightly until the end of each month when i make my lump sum payment, which hopefully will bring the total paid over the month above the average figure needed each month and will hopefully bring the monthly figure down over time. 


(Weeks and months remaining are rounded DOWN to the nearest whole number) 

Cara_

Well done on transfering the Hastings Loan and getting all your debts onto a 0% credit card. It will be much easier to track now you have all your debt in one place. Your plan to pay off the credit card looks good.

Tezzadp

No money spent today
No direct debits today

Debt payments

Natwest CC Daily payment £2.12 Total daily payments made this month £22.77 (to this card & £18.73 to my old Hastings loan - Same debt). 

Total of all Natwest CC payments, including weekly payments (not inc £54.83 payments to previous cards/loans), made this month £45.77 leaving a balance of £4762.98

*This month refers to 31st March to 29th April (the day before pay day)