debt free in 1200 months!?

fatbelly

Hi

I've been following your thread for some time as I we share the same county (can't work out exactly where you live).

Just wanted to make sure you don't offer more than you need to on your 'full & final' deals. Remember, banks are desperate for cash at the moment and this is a great time to negotiate if you have the cash.

I've no recent experience with Halifax. Before the crash they would accept 75% without a blink, and move down a bit from there.

Recent deals (past few weeks) with Barclays have been 22% and with Lloyds 25%. These figures are all 'pence in the pound', so the 10k Barclays debt was settled for £2200.

Remember you can always move up.

Are you going to do the negotiations yourself or trust CAP to do it for you?

Seaxwyn

Hooray!!!
:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j
This diary is called debt free in 1200 months, but it didn't even take 12!

I'm so pleased for you. I hope that this is the beginning of a new, easier, life for you. Make sure to keep some savings for future rainy days.

edinburgher

Bountiful - brilliant news! I've enjoyed (if that's the right word) reading about your attempts to right your finances and I'm glad that you're sorted, even though the cause was no doubt very saddening.

My parents paid off their mortgage in not dissimilar circumstances a couple of years ago, so I understand the same mix of grief and relief you must be facing.

Start looking forward to Christmas, you sound like you could use a rest.

bountiful

Hello all - nice to get some comments from people I don't usually hear from.

fatbelly: I still have the info you gave me about SeaSalt's factory outlet in Falmouth.
Thank you VERY much for the info about reduced payment offers - I was looking for information about that - I think, just think, I might do it myself - what do you think? Or I could 'instruct' CAP to make an offer for me - have you had any experience of them?

Edinburgher: thanks for your support - my son and I are going to sit down and plan what we need to make Xmas special and nice (nice food etc and what activities - not big gifts or anything):xmassmile

I am currently thinking very safe - using :money:Martin's money fountain advice - ISA + e-saver + monthly saver trickle feed.

I still don't feel very secure - which sounds ridiculous,:o I know - because, in a sense, I haven't DONE anything to achieve being debt-free..... except send out the deep wish to be debt free into the universe.... (not to be under-estimated as a strategy) and making the cause by getting into the MSE community and focussing seriously on the situation. The budgetting etc still needs to be done.... but it does give me some breathing space.... and I had the best sleep last night that I've had in a very long time - I woke up feeling calm...................

bountiful

Seaxwyn wrote: »

Hooray!!!
:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j:j
This diary is called debt free in 1200 months, but it didn't even take 12!

I'm so pleased for you. I hope that this is the beginning of a new, easier, life for you. Make sure to keep some savings for future rainy days.

It certainly does feel like a new beginning. I also had a wonderful e-mail from my brother - and he expressed a similar feeling - so much has happened for him this year. You may remember me saying he had lost his job - he now has a great new job, doing much more interesting design work for a company who work for Apple - and after Xmas he is going over to USA for a couple of weeks - which is a new horizon for him. I am so pleased for him.

Seaxwyn

bountiful wrote: »

I haven't DONE anything to achieve being debt-free..... except send out the deep wish to be debt free into the universe.... (not to be under-estimated as a strategy) .

How did you send out that wish exactly? I too really really want to be debt-free. I don't want the rest of my life to be eaten up with thinking about money! Such a waste of our brief time on this beautiful planet.

Perhaps buying a lottery ticket would be one way of giving the universe a hint...

Valli

Hi
Popped over from my usual haunt to see what's occurring ... (Gavin and Stacey on tonight I think:D ) so it's been a rollercoaster time for you. Congrats on the one hand but commiserations on the other...

Anyhow, to stick my oar in (as I so often do) I would ask the banks you owe how much they would accept in full and final settlement of your debt. Then (being cheeky) I would say I can't manage that as I have other debts to settle but I could manage £xxxx.xx (I would offer them 10% less) worth a try?
hth

beanielou

Great news for you.
So pleased for you hun.
The power of NYRK eh.
Relax & enjoy.

bountiful

Valli wrote: »

Hi
Popped over from my usual haunt to see what's occurring ....
Anyhow, to stick my oar in (as I so often do) I would ask the banks you owe how much they would accept in full and final settlement of your debt. Then (being cheeky) I would say I can't manage that as I have other debts to settle but I could manage £xxxx.xx (I would offer them 10% less) worth a try?
hth

Hi Valli - I see you on the flylady thread, don't I? I recognise your signature :rotfl:
Your suggestions sounds wise - certainly nothing to lose by asking the banks what they would accept - starts the ball rolling without giving anything away! I've got the National Debtline material on F&F procedures too - so one way or another should be able to sort it out. Thanks for your support.

bountiful

Seaxwyn wrote: »

How did you send out that wish exactly? I too really really want to be debt-free. I don't want the rest of my life to be eaten up with thinking about money! Such a waste of our brief time on this beautiful planet.

Perhaps buying a lottery ticket would be one way of giving the universe a hint...

Well, I am a Buddhist, and we are encouraged to make determinations for ourselves as well as for world peace and the happiness of others - I don't think I can talk about religion on here - but I will PM you with more info.