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  • FIRST POST
    • motivated
    • By motivated 28th Jan 17, 4:51 PM
    • 2,205Posts
    • 4,391Thanks
    motivated
    Debt Demolisher
    • #1
    • 28th Jan 17, 4:51 PM
    Debt Demolisher 28th Jan 17 at 4:51 PM
    Hi MSE ers

    Have plucked up the courage to admit that I cannot cope financially.

    Long story short. We are £82,590 in Credit card and Loan debt basically spent on nothing but shopping, holidays, clothes and household things.

    We are not in arrears or any CCJs at present but fear this will not last.

    I completed the step change debt remedy tool thing today and it advised me to ring them on Monday Petrified at the thought of phone calls, bailiffs at my door and threatening letters etc. I don't even know what to expect about the process etc.

    What do I have to show for it all NOTHING

    So angry with myself but I do feel a little easier as it seems I have woken up and am willing to face it all, pay it all off and remove a lot of the stress I have every month.

    Myself and My OH both work and are both willing to pull together to sort this sorry mess out. I am hoping that keeping a diary and soaking up some excellent tips and advice will see us through to the end.

    I have seen some excellent advice and encouragement given on here and have thoroughly enjoyed reading all of the advice and diaries.

    One day I will be advising others (I hope)

    Please be gentle with me
    M
    Last edited by motivated; 30-05-2017 at 10:33 AM.
Page 26
    • motivated
    • By motivated 14th Feb 18, 1:52 PM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Hi all

    I am very happy right now. We did the resolver tool thingy for PPI etc as everyone was doing it so I jumped on the bandwagon. Just called them to check on progress as the 8 week deadline Is up today.

    £2,398 is currently on a cheque on its way to us I have no recollection of the CCs they are talking about. The loan I do know was from 1998 and I have no idea what the money is for. I am not complaining though

    Also still waiting for my £187 to land in the bank too from a plevin thingy.

    Today is a good day for us as this will boost our F&F account ready to make some offers by the end of the year. Fingers crossed a couple of the creditors will play ball by then.

    Anyone who is not sure about having PPI etc you have nothing to lose. Use the resolver tool on here. We had no account numbers just names and addresses.

    I have a feeling our short term goal will be clear sooner than anticipated
    M
    Last edited by motivated; 14-02-2018 at 6:07 PM.
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • Chrystal
    • By Chrystal 14th Feb 18, 7:26 PM
    • 284 Posts
    • 1,882 Thanks
    Chrystal
    That is brilliant news Motivated, so pleased for you.
    GC. Oct.17 = £261.18/ £300 = + £38.82 NSDs 20/31
    GC. Sept.17 = £354.89/£300 = - £54.39

    • motivated
    • By motivated 14th Feb 18, 7:46 PM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Thanks Chrystal. I had a feeling this was going to be our year when we get ourselves sorted once and for all.

    I know itís not a fortune but it will help us out massively. Also a sure way of keeping my spirits up. Long may it continue, My spirits that is not the unexpected money coming our way Although who would complain at that
    M
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • Treadingonplaymobil
    • By Treadingonplaymobil 15th Feb 18, 4:56 AM
    • 1,641 Posts
    • 16,372 Thanks
    Treadingonplaymobil
    Wow, that's brilliant news on the PPI claim, what a great boost!
    £67,031.92 is a frightening number indeed... The debt free diary of one family and their enormous debt
    LBM debt on 12th Feb 2017: £38,608 unsecured debt/£20,000 parental loan/£173,282 mortgage = £231,890
    debt on 6th June 2018: £13,265 unsecured debt/£20,000 parental loan/£191,971 mortgage = £225,236
    • debtaghh
    • By debtaghh 15th Feb 18, 5:58 AM
    • 1,267 Posts
    • 4,806 Thanks
    debtaghh
    That's fantastic news!
    Debt 16th October 2017: Cc £49,987- family £37,561: total debt £87549

    Current debt: Cc £43,953 , Family £ 39,264 total debt £83,217

    Frugal living challenge # 10- £8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • EmmaMicawber
    • By EmmaMicawber 15th Feb 18, 8:06 AM
    • 125 Posts
    • 285 Thanks
    EmmaMicawber
    That's amazing Motivated- fantastic news.
    I really must look into this PPI thing- I've been put off by the fact OH can't remember the details of credit cards from 20 years ago but it sounds like he might not have to?

    £2398 is a LOT of money- it'll make a big difference to your F&F fund! And I'm so pleased you've got your mojo back
    • motivated
    • By motivated 15th Feb 18, 8:21 AM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    That's amazing Motivated- fantastic news.
    I really must look into this PPI thing- I've been put off by the fact OH can't remember the details of credit cards from 20 years ago but it sounds like he might not have to?

    £2398 is a LOT of money- it'll make a big difference to your F&F fund! And I'm so pleased you've got your mojo back
    Originally posted by EmmaMicawber

    Hi Emma

    Honestly we had no account numbers. Just names addresses of us and the name of the CC and a rough estimate of the year we took the credit card/loan out.

    Resolver do it all for you. The creditor has 8 weeks from the time you put the complaint in. Then Resolver will escalate it to the financial ombudsman for you. Once the letter arrives I will have more info on what it!!!8217;s actually for and will update you on it. But for now I have no clue what CCs they are talking about.

    The loan was from around 1998 - 2000.

    We had the bare minimum information. I just added on there that the PPI was added as it would help our application blah blah. I also added that we would have got sick pay from Work so we were able to pay it anyway. Do not even know if that is all true

    Give it a go you have nothing to lose
    M
    Last edited by motivated; 15-02-2018 at 8:25 AM.
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • motivated
    • By motivated 15th Feb 18, 10:14 AM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Update

    Letter recieved today and it states that there are 3 things on there where we had PPI. They are showing as 3 loans but the man on the phone said a loan and 2 CCs Still no memory of them. Now we need to wait for the cheque to arrive in around 28 days time.
    M
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • motivated
    • By motivated 15th Feb 18, 10:23 AM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Payday today so more payments made

    Have now started to pay higher payments on 2 of our CCs as well as the 2 Loans . Just waiting for the last 2 CCs to be managed by a DCA then I will be increasing the payments to these also.

    Savings accounts topped up and all DDs and SOs paid.

    DH has Dentist again today and now we need to pay what! Is left outstanding. I can stop panicking about this now as we have the funds for it. Or we will have when the money arrives. I plan to pay it out of what we have and then pay it back in a couple of weeks.

    Car insurance is due again and I am waiting for my renewal quote. I have already shopped around and have some cheap quotes ready in case it goes up. Then I can haggle with them to get it at a lower cost. It is not expensive as we have both been driving for millions of years and I have the funds ready and waiting for this also

    Need to do a small food shop and will write a list before I go as I have a tendency to think oh what a bargain I will have 2 of those etc etc. Before I know it I have spent £20 I had not needed to


    Have to keep editing my posts because if I write a word with an apostrophe in it it goes all funny and comes out in numbers. It!!!8217;s so annoying. See
    Last edited by motivated; 15-02-2018 at 10:32 AM.
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • debtaghh
    • By debtaghh 15th Feb 18, 1:15 PM
    • 1,267 Posts
    • 4,806 Thanks
    debtaghh
    With regards to the apostrophe and the number issue I think it was Cumbria that told me a good trick. It's to do with I phones, you need to go into settings, general, keyboard and turn off smart punctuation ( I think it was that). It seems to have sorted mine out.
    Debt 16th October 2017: Cc £49,987- family £37,561: total debt £87549

    Current debt: Cc £43,953 , Family £ 39,264 total debt £83,217

    Frugal living challenge # 10- £8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • motivated
    • By motivated 15th Feb 18, 2:47 PM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Thanks debtaghh

    I've done that and now I'm testing it's working. Cant think of particular words now

    Weren't
    Isn't
    Can't
    Didn't

    Looks ok thank you
    M
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • Cherryfudge
    • By Cherryfudge 19th Feb 18, 1:26 PM
    • 1,755 Posts
    • 9,629 Thanks
    Cherryfudge
    Great to hear you got a refund! That F&F is growing.

    I've tried to trick for getting rid of mutating apostrophes but it doesn't work on my laptop. Sigh.
    • motivated
    • By motivated 19th Mar 18, 8:29 PM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Hi all

    In the words of Brittney Spear 'oops I did it again'

    I've disappeared again and have no excuse as to why. Life just gets in the way and I haven't had too many exciting things to write about. I feel my diary has become drivel and I am just repeating myself

    Anyway on the debt front things are ticking along nicely. No stress so that's good.

    Our short term goal is doing ok. We or I should say DH convinced me not to clear it totally and to still aim for around June when it will be gone.

    We are aiming for some F & F offers in the near future and have saved our PPI money towards that. I think it was partly DH not wanting to feel like we had no money again lol.

    Otherwise things are doing ok and we are still in a positive mind . A long way to go but at least we're heading in the right direction.

    Hope everyone is well, I need to catch up on diaries and see how everyone's journies are going.

    Also had enough of this cold now. I like the winter but this is taking the mickey now. It's freezing
    M
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • arsenalbarnie
    • By arsenalbarnie 20th Mar 18, 9:10 AM
    • 270 Posts
    • 1,686 Thanks
    arsenalbarnie
    It's not drivel. Nice to see you posting and things are ticking along ok. I too got a PPI cheque yesterday, from a bank loan from the 80's! It was to buy a Citroen 2CV ha ha what a laugh it was too, my mates thought it was an hilarious car. Anyway have just got half the money back .
    • Cherryfudge
    • By Cherryfudge 20th Mar 18, 10:14 AM
    • 1,755 Posts
    • 9,629 Thanks
    Cherryfudge
    Good to have you back motivated. So nice to see you aren't stressed. You seem to be heading along very nicely in the right direction!

    arsenalbarnie that's a fantastic gain! Who would have thought your 2CV would have been paying you back all these years later!
    MFW #30 Paid off £1,622.77/£3770 as of 4/5/18
    • motivated
    • By motivated 20th Mar 18, 7:02 PM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    It's not drivel. Nice to see you posting and things are ticking along ok. I too got a PPI cheque yesterday, from a bank loan from the 80's! It was to buy a Citroen 2CV ha ha what a laugh it was too, my mates thought it was an hilarious car. Anyway have just got half the money back .
    Originally posted by arsenalbarnie
    That's great news. Every little helps eh. My first car was a mark 2 escort. Had to use the choke to get it started It cost £150 and never let me down.

    Good to have you back motivated. So nice to see you aren't stressed. You seem to be heading along very nicely in the right direction!

    arsenalbarnie that's a fantastic gain! Who would have thought your 2CV would have been paying you back all these years later!
    Originally posted by Cherryfudge
    Onwards and downwards with the debt cherry. However long it takes.

    Thankyou both
    M
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • motivated
    • By motivated 22nd Mar 18, 7:16 PM
    • 2,205 Posts
    • 4,391 Thanks
    motivated

    Feeling quite positive again and totally back on track. It's so easy to become complacent with debt busting. Certainly realised I need to keep on top of things if I am to succeed.

    I got into the habit of checking accounts daily and rounding down and transferring small amounts which soon builds up. I seem to have slipped on this and took my eye off the ball. So just checked all accounts, standing orders and DDs. Transferred some money around and rounded down all accounts to nice easy round numbers. Sad I know but it makes me feel like I am making some progress.

    I even did an online shop for 2 weeks and overdone the budget. Not by a fortune but still overspent. Luckily I've woken up before I spiral back into old habits.

    Friday tomorrow and I'm so glad. Will be forcing myself to go to Aldi or Lidl at the weekend or maybe tomorrow night depending how shattered I am and get back in the swing of it. Old habits die hard eh

    Have lots of housework jobs to catch up on too. Not my favourite way to spend my weekends off but needs must and all that jazz
    M
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • debtaghh
    • By debtaghh 22nd Mar 18, 8:00 PM
    • 1,267 Posts
    • 4,806 Thanks
    debtaghh
    Glad you're feeling positive, keep it up!
    Debt 16th October 2017: Cc £49,987- family £37,561: total debt £87549

    Current debt: Cc £43,953 , Family £ 39,264 total debt £83,217

    Frugal living challenge # 10- £8000 presents/ food/ entertainment/clothes/shoes/haircuts
    • motivated
    • By motivated 5th Apr 18, 10:52 AM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Morning all

    I've had a lovely few days away spending time with family. On my own . Left DH and DS to it and they coped very well. It was a much needed break and gave me time to clear my negative head and get my debt busting one back on. I'm like Worzel Gummidge I change my heads regularly

    Still plodding along here and waiting for payday next week so I can make some more monthly payments. Everything's been quiet on the creditor front so that must be a good thing. I think.

    Our car fund and Xmas fund are going well and gradually building up

    Also my healthy eating is going well and long may it continue. Been walking loads and even swimming. This makes my mood lift too.

    The sun is shining and I actually get excited about being able to hang washing out. It doesn't take much to please me nowadays

    I need to force myself out the garden for a tidy up but still trying to convince myself.

    Must catch up on diaries at some point too.

    Hope everyone is well
    M
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
    • motivated
    • By motivated 9th Apr 18, 10:36 AM
    • 2,205 Posts
    • 4,391 Thanks
    motivated
    Morning world

    Raining here again and pretty miserable. The weather not me

    I'm still quite upbeat to be honest. Been swimming loads which I love and also eating healthy which I have to force myself to love but I have lost half a stone so far and I feel so 'motivated'.

    Although the swimming is playing havoc with my skin and hair. Need to find a decent cheap moisturising cream for my face. Any tips or ideas gratefully received.

    Enjoying the time off work but go back on Thursday and will keep up my healthy eating plan until I get to my target weight which is approx 1 and a half stone away. Must stick to taking my own lunches to work too. School dinners are

    Payday Friday so will be making more payments and taking another small step forward.
    M
    I have arrived in DMP land and I like it, I may stay a while
    LBM £82,590 Jan 17/£76,652.91 June 18
    Short term goal £1623.73/£1796 / PDBX 18 # 31 - £3455.52/£5,000
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