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  • FIRST POST
    • Poor_Single_lady
    • By Poor_Single_lady 22nd Feb 18, 5:58 PM
    • 1,451Posts
    • 5,619Thanks
    Poor_Single_lady
    Poor Single Lady Debt Diary - Trying again
    • #1
    • 22nd Feb 18, 5:58 PM
    Poor Single Lady Debt Diary - Trying again 22nd Feb 18 at 5:58 PM
    Hello All.
    Things are changing and moving forward and so I feel it's time for a new debt diary.

    I've recently made a lot of changes and hoping to maintain these but there are also some things that need some serious work.

    Unavoidable's
    £490 mortgage
    £100 council
    £140 management fee
    £12 TV licence
    £40 electric
    £20 water
    £25 Charity Donation (yes I know)
    £13 Lovefilm
    £20 eyebrows
    £47 phone and home internet
    £48 entertainment direct debit
    Tbc overdraft charge if applicable
    IRO £960

    There are a few credit cards on top of these.
    Working on these. I have the totals written down.

    Everything has been reduced and restricted.
    I have changed my diet and drinking less.

    Less clothes and make up and restricting impulse purchasing.

    Less social but still some.
    Ditching toxic problematic friendships. And possibly being a bit more selfish.

    Going on holiday with my parents in June. The are paying for me initially and I will pay them back but haven't been away for years and really looking forward to it.

    This will be boring but having a diary helps me manage things.
    Trying to keep it positive where possible. xxx
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
Page 7
    • Dolly Rocker
    • By Dolly Rocker 4th Jun 18, 8:53 AM
    • 3,974 Posts
    • 11,356 Thanks
    Dolly Rocker
    You can do this.

    It's not easy but think of how you will feel when you achieve this.

    I am the same, holiday with my Mum soon then home to get my CC paid off ASAP.

    You will have a fab time on holiday!

    Dxxx
    CWP Goal Weight 15lbs/91lbs
    Debt Free Wannabe £3,685.97/£6,649.97
    3-6 Month EF, £140/£7,000
    9th September 2018 - I have 2 Nationwide Referrals available, PM me if you want £100 to switch accounts
    • doingitanyway
    • By doingitanyway 4th Jun 18, 5:42 PM
    • 3,300 Posts
    • 17,757 Thanks
    doingitanyway
    I am 100% sure you can do this. I have followed your diary even if I don't post much. I have seen your development. You totally have this PSL. Have a good holiday x
    Emergency fund 500/1000
    If not now then when?
    • Poor_Single_lady
    • By Poor_Single_lady 4th Jun 18, 9:55 PM
    • 1,451 Posts
    • 5,619 Thanks
    Poor_Single_lady
    Thank you.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • Poor_Single_lady
    • By Poor_Single_lady 9th Jul 18, 10:16 PM
    • 1,451 Posts
    • 5,619 Thanks
    Poor_Single_lady
    Sneaks back in at the back !

    Tonight I made a list of all my credit card accounts and the addresses to write to.
    I have 6.

    5 of them I am confident do not have a work number for me but one of them I wasn't sure. So I rang them and the man put me through to the payment plan team. They are going to accept a far reduced payment but I am in default so need to sort out the other 5 ASAP.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • maddiemay
    • By maddiemay 10th Jul 18, 12:15 PM
    • 3,624 Posts
    • 33,145 Thanks
    maddiemay
    Didn't want to read and run, so just popped in to say hi.
    The best thing about the future is that it comes one day at a time. (Abraham Lincoln)
    • Poor_Single_lady
    • By Poor_Single_lady 11th Jul 18, 6:16 AM
    • 1,451 Posts
    • 5,619 Thanks
    Poor_Single_lady
    Thanks MaddieMay. Hi is like the verbal cup of tea. Very much appreciated.

    I phoned my credit card I have 2 cards with and they took a different approach. They looked up my credit full as well as asking me my money in and money out and they are also accepting a much reduced amount.
    Then going to default me in 6 months so credit file gone for 6 and half years rather than just 6 years. Oh well. In for a Penny in for a pound I think.

    So that's 3 out of 6 done.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
  • archived user
    Hey I've been AWOL.
    Hope you are ok. It took about 6 months for defaults on all of mine so pretty standard. The weird thing is that after that time just flies so it will be up and gone before you know it xxx
    Going to read back and catch up. How was hols?
    • Verbatim
    • By Verbatim 11th Jul 18, 7:56 AM
    • 4,615 Posts
    • 13,889 Thanks
    Verbatim
    Hope the rest agree to reduced payments too.
    Keep on keeping on.
    V
    CCs @0% £24k Dec 05 £19,621.41 Au £13400 S 12600 Oct £11,981 £9481 £7500 Nov £7250 D £7100 Jan 6950 F £5800 Mar£5400 May £4830 June £4660 July £4460 Aug £3200, S £900, £0 18/9/07 DFW Nerd 042
    • StokieBecks
    • By StokieBecks 11th Jul 18, 12:36 PM
    • 4,596 Posts
    • 27,822 Thanks
    StokieBecks
    Hi PSL

    Glad the ones you have spoken to so far have agreed reduced payments. Have they also put a freeze on interest for the time being?

    Make sure you have an income and expenditure overview ready as they will probably all expect to see one if you are asking to reduce payments. Make sure this is viable to live off/to meet all priority payments such as council tax and mortgage etc as it is unlikely you will be able to get any credit and you do not want to fall into the payday loan spiral

    Good luck with the rest of the companies and hope you can make arrangements to help you start making a dent in the debt
    • doingitanyway
    • By doingitanyway 11th Jul 18, 8:14 PM
    • 3,300 Posts
    • 17,757 Thanks
    doingitanyway
    You are doing great PSL as I knew you would. Keep on keeping on
    Emergency fund 500/1000
    If not now then when?
    • Poor_Single_lady
    • By Poor_Single_lady 11th Jul 18, 10:53 PM
    • 1,451 Posts
    • 5,619 Thanks
    Poor_Single_lady
    Oh goodness thank you everyone, I just feel like such a rubbish human being.

    I've only phoned 2 and both were more kind than I could ever have expected. One of them said about my £400 annual hair bill - we are not here to judge.
    But I've taken £8000 off you that I can't pay back but I get my hair done at £400 a year!!!
    Oh it's just awful 3 more to go but I may just send letters. I've rang the worst 2 and they were very kind, not sure whether to keep phoning or just send letters.
    Barclays, Sainsbury's, Tesco not yet contacted.
    I may phone Barclays and Tesco and write to Sainsbury's.

    Ps sorry about the World Cup everyone.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • Poor_Single_lady
    • By Poor_Single_lady 11th Jul 18, 10:59 PM
    • 1,451 Posts
    • 5,619 Thanks
    Poor_Single_lady
    Also hol was amazing. Parents are amazing. If I had under £5000 I would ask my parents for help so anybody reading in that level please ask your parents for help if they are in a position to help.

    Our parents love us more than we ever realise. FACT

    I love them but I am too far gone.

    Need to sort the remaining 3. Then live within Means which I guess is when I willl need the diary more than ever.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • enthusiasticsaver
    • By enthusiasticsaver 12th Jul 18, 6:56 AM
    • 7,084 Posts
    • 15,337 Thanks
    enthusiasticsaver
    I presume you are managing this yourself rather than stepchange doing a DMP for you?

    That is good that the credit cards are being sympathetic and not judgey. Hopefully they are freezing interest as well as accepting reduced repayments?

    Keep posting as living within means can get boring but your diary will be a record of how you are sorting it out. You will see some progress and in the long run you will be much happier without the weight of debt around your neck.

    Even if you phone your creditors I would follow it with a letter confirming arrangement. Good luck and I am rooting for you to sort this out.

    Emergency savings is something you need to budget for as you won't have access to credit. You should not feel bad. You have been battling the debt for a while, you live on your own in one of the most expensive cities in the world and you have a flat and a mortgage. Obviously make sure you prioritise that. Have you told your family of your money troubles or do you not want to do that? They may support you, not financially but emotionally but totally your call. I just think if you were either of my daughters I would want to know if they were struggling to the extent you have been and not put financial pressure on you re family presents, trips, meals out etc.

    Good luck anyway.
    Debt free and mortgage free and early retiree. Living the dream

    I'm a Board Guide on the Debt-Free Wannabe, Mortgages and Endowments, Banking and Budgeting boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Any views are mine and not the official line of moneysavingexpert.com. Pease remember, board guides don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com
    • Poor_Single_lady
    • By Poor_Single_lady 14th Jul 18, 9:51 AM
    • 1,451 Posts
    • 5,619 Thanks
    Poor_Single_lady
    The debts charities clerk suggesting that I call step change but I think I'll just organise things myself and that I know what's happening without having to check.

    My parents are quite brilliant. They do know things aren't great and have been really supportive. We tend to only buy presents for the niece/nephew generation and not really big birthday spenders.
    It's good from that side of things.

    Need to have a quiet week this week.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • Poor_Single_lady
    • By Poor_Single_lady 14th Jul 18, 9:52 AM
    • 1,451 Posts
    • 5,619 Thanks
    Poor_Single_lady
    Typo. The debt department/help person at the credit card company. Suggested I phone stepchange.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
  • archived user
    Hey. Don't bother ringing anyone - Just do it all by letter - I haven't spoken to a soul all the way through mine! It saves on having to explain yourself or verbalise the guilt.

    Big hugs - you can do this!!
    • doingitanyway
    • By doingitanyway 15th Jul 18, 8:22 PM
    • 3,300 Posts
    • 17,757 Thanks
    doingitanyway
    I don't know much about the process for DMPs, but I am behind you all the way. Def team poor single lady here
    Emergency fund 500/1000
    If not now then when?
    • Poor_Single_lady
    • By Poor_Single_lady 17th Jul 18, 6:26 PM
    • 1,451 Posts
    • 5,619 Thanks
    Poor_Single_lady
    Thank you.
    2017- 5 credit cards plus loan
    Overdraft And 1 credit card paid off.

    2018 plans - reduce debt
    • Cumbria lass
    • By Cumbria lass 17th Jul 18, 8:37 PM
    • 2,192 Posts
    • 13,395 Thanks
    Cumbria lass
    Hi PSL hope the DMP is getting underway in the near future , you will feel loads better when it is. Glad to hear you enjoyed your holiday with parents.
    CC1 £221 /£3718
    • DMP_Tiger
    • By DMP_Tiger 19th Jul 18, 3:03 PM
    • 168 Posts
    • 459 Thanks
    DMP_Tiger
    Hi PSL, just catching up on your diary. I have a DMP just beginning so it's always good to read about other people's experience and pick up/give some tips along the way.

    I spoke to Stepchange for some initial help as my head was too scrambled and I didn't know where to start. I am currently paying £1 per month to build up an emergency fund because my credit cards won't work now

    Stepchange are great to point you in the right direction but I think you would be able to manage on your own. When I say "on your own", I mean without Stepchange. While you're posting on here you will never actually be on your own
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