Newbie here - hello

cheftyke

Hello everyone

Just thought I would take this opportunity to introduce myself, I have been reading the site for about four weeks now and I have got to say it is absolutely brilliant, some posts are inspirational.

Here’s my story, I guess it is fairly run of the mill. I have spent the last 7 years at university training to be a solicitor and ended up thousands in debt.

At one stage last year the position was

Halifax Overdraft £2600
Sainsbury’s Credit Card £1700
Barclaycard £750
HSBC Overdraft £1500
Professional Studies Loan £6300
(plus my student loan is about £10,000 but not dealing with this at the mo)

So in total debt = £12850 private loans
Student Debt = £10,000

I decided to start hacking away at the loan, sold my house for a £25,000 profit and used some of the money to pay mine and wife’s debts, started up a budget etc and things are going well. Everything now stands at:

Professional Studies Loan = £5143
Sainsbury’s Credit Card = £paid!
Barclaycard = £paid!
HSBC Overdraft = £1269
Halifax Overdraft = £500

Total Debt = £6917.43.

Plan is to be debt free by November 2009 – wish me luck and good luck everyone who is trying!

angeldiva

Wishing you the best of luck!! well done so far oh and welcome....

frosty

welcome to mse,and well done for tackling your debt:beer: .We have managed to pay off 11 credit cards :eek: :eek: since joining this site,reduced our food shopping from £500+++ a month to £200 a month:j .I am now addicted.:rotfl: