Pay a debt by Xmas 08

hypno06

Well, HSBC is the last credit card - then we have 5 loans......2 of those can be overpaid without hassle and without penalty, so I will be concentrating on those, then the other three will be "save up and pay off early" with a penalty in due course.

vixsta7

Im down to £287 on my Next bill, really hoping to be rid of this by Christmas. Well done to everyone so far. Keep up the good work!

nickynoo08

Hi everyone, well my egg card has just gone on to my o/d today n i now feel sick looking at my online banking. I know i'll prob clear it alot quicker as i've got my cashback to claim, n have just found £6 in an account i'd totally forgotten about but still, this time next wk my o/d will be -£800 eeek. Still a lot cheaper than paying interest on egg card tho will have easily have save £250 by trasfering it to my o/d which makes me feel better. My aim is to have this cleared by xmas now instead of my cat. I can still plod on with that one n make small overpayments (if i have anything spare). Just really hope i get one of these jobs i've applied for.
Everyone else seems to be doing really well with this challenge. Hopefully next month will be a better month for me:o

doodledo_2

Well done on transferring your debt to your OD it sounds a much cheaper option.

Are you going to get the bank to reduce your overdraft limit each time you clear a bit?

nickynoo08

Yay OH got paid his overtime today so that's an extra £200 going in the bank towards o/d.
Doodledo - have asked my bank many times before to reduce my o/d and they never have. TBH tho my intrest free period runs out on my visa not long after xmas so would be cheaper to transfer remainder of that to my o/d too, but we'll see how i get on first. I hate having an o/d so for me its more of an incentive to pay it off quicker coz i see the horrible minus figure everytime i go to the bank.
Just emailed home of research too, so should be getting another cheque for £20 soon.

savingholmes

Hi - We've now paid off Egg too:j . So that's M&S paid off, Egg paid off, next challenge is Barclaycard which should be repaid within the next 6 weeks. Then left with 3 main cards (2 are with the same provider)

Overdraft is a bit up and down, but have cut back in a number of areas so once the cashback sites start paying out then I should be quids in as they say... and life will get a bit easier. Still not listed anything on e-bay, greenman or amazon or buy and sell. Still trying to work myself up to that...

doodledo_2

Nickynoo - good idea about the visa/overdraft definately worth keeping your options open if it's going to save you some interest. I know exactly what you mean about negative numbers. We use our overdraft every month as its interest free at the moment, but I can't wait till the debts are gone and we have paid it back and I see figures in the black lol.

Savingholmes - well done two cards paid off is a brilliant achievement :T

Gemmzie

Paid another £60 off from the lovely tax rebate I can see the end!

doodledo_2

Gemmzie wrote: »

Paid another £60 off from the lovely tax rebate I can see the end!

Well done Gemmzie :T haven't done mine yet but it will be going on the card too.

clearmydebts

Hi all,

Have paid another little bit off. Have more to pay off during the week. I'd say I will scrape through my challenge but at least the money is going down!