We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Help with Debt, head stuck in the sand
Comments
-
Or manage your own debt repayments after default and then its in your control.
I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert. Please complete an SOA if you are looking for debt advice. Link here - https://lemonfool.co.uk/financecalculators/soa.php
CONSUMER DEBT FREE !!!0 -
A full SOA is still going to be helpful to you here, if only because it is a fantastic way of getting all your income and expenditure down on paper and spotting if you are "losing" any money. Almost without fail, when someone posts an SOA here first off it shows a surplus which they simply don't have in real life - either because they have missed including things they pay for, or because money gets frittered. Either way it's helpful to know the true "disposable" figure each month.
🎉 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 1/4/25
Balance as at 31/08/25 = £ 95,450.00. Balance as at 31/12/25 = £ 91,100.00
SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
What sort of debt is the car, HP, standard loan, balloon payment, as that affects whether you can stop paying the full amount.
If you've have not made a mistake, you've made nothing0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.7K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.3K Work, Benefits & Business
- 605.9K Mortgages, Homes & Bills
- 179K Life & Family
- 263.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards