What a mess...

enthusiasticsaver · 25 February 2018 at 6:14PM

I agree that although you are doing a great job of clearing your debt managing your budget is even more important. Once all the debt is gone though all that spare £500 will be yours. Which debt are you focusing on once Robinson Way gone? Are you still just paying £10 a month to Lowell?

NelliePie · 25 February 2018 at 6:50PM

Hi,
Oven just found this thread and wanted to say well done - for accepting and jumping on your LBM, for successful negotiation with the agencies and for sticking to it! You're over half way in a few short months and as each drbt is cleared off it allows more to be paid to the others. You'll be saving up and treating yourself soon enough! Keep going and don't forget where you've been. You don't want to go back

fay66 · 25 February 2018 at 7:06PM

well done . i know what its like to bury your head in debt, I have a sll settlement Ill have to try the 35% for longer payback

stvn1 · 25 February 2018 at 8:06PM

enthusiasticsaver wrote: »

I agree that although you are doing a great job of clearing your debt managing your budget is even more important. Once all the debt is gone though all that spare £500 will be yours. Which debt are you focusing on once Robinson Way gone? Are you still just paying £10 a month to Lowell?

I'm making small additional payments to Lowell on the smaller debt and I'll probably focus on that once Rob Way is done and dusted. The smaller debt is now £366.75 so a couple of months should see it gone.

stvn1 · 25 February 2018 at 8:09PM

fay66 wrote: »

well done . i know what its like to bury your head in debt, I have a sll settlement Ill have to try the 35% for longer payback

Definitely do and let me know how you get on. Be persistent and escalate as a complaint if necessary.

NelliePie wrote: »

Hi,
Oven just found this thread and wanted to say well done - for accepting and jumping on your LBM, for successful negotiation with the agencies and for sticking to it! You're over half way in a few short months and as each drbt is cleared off it allows more to be paid to the others. You'll be saving up and treating yourself soon enough! Keep going and don't forget where you've been. You don't want to go back

Thanks! I really don't want to go back!

stvn1 · 26 February 2018 at 12:01AM

My salary just hit my bank account so I've made a £100 payment to Rob Way, that brings out to £225 owed.

My overall debt is now £5222.08. I'm edging slowly but surely to that £5000 figure. Once I'm on the right side of that it'll be a massive boost.

stvn1 · 26 February 2018 at 2:07PM

Just updating this for my own reference:

Lowell £ 829.31 : £ 366.75
Lowell £1348.19 : £ 787.72
SLL £ 960.00 : £ 624.00
ACI £1386.60 : £ 0.00
Moorcroft £ 690.47 : £ 0.00
CRS £ 773.12 : £ 541.15
Moorcroft £ 719.48 : £ 709.48
Rob Way £2191.00 : £ 199.00
Barclays £1039.00 : £1039.00
Cabot £1327.32 : £ 928.98

I've just realised that if I can pay Barclays £40 then none of my debts alone will total over £1000.

fay66 · 26 February 2018 at 10:25PM

wow your doing terrific, Ive also got a payday loan with sterling but found out they are non uk regulated and dont think ill get a settlement payment

stvn1 · 27 February 2018 at 12:30AM

fay66 wrote: »

wow your doing terrific, Ive also got a payday loan with sterling but found out they are non uk regulated and dont think ill get a settlement payment

I can't say I've heard of them but don't they have to meet UK regulations to operate here?

stvn1 · 28 February 2018 at 2:09PM

I've just cleared the Rob Way debt.

:):)

I sat down last night a drew up a budget for March. I had enough left to make the final payment of £150. This time last week it was my single biggest debt and I'm so happy it's gone.

My total debt now stands at £4997.08, under £5000! It's a good day.

I'm moving my focus now to the smaller Lowell debt which is currently £366.75.

What a mess...

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