Some good news before Christmas.

Soldato
Joined
3 Aug 2003
Posts
15,917
Location
UK
Thought I'd catch up with a bit of online banking tonight and noticed my loan repayment didn't go out on the first of the month like it usually does.
After a little investigation it showed up as cancelled. :eek:
Having had a "chat" with an indian representative of the bank last week he had asked about Standing orders and DD's... basically he cancelled a few that were old and not required.
My immediate thoughts were that the fool had cancelled the wrong one.

Earlier this year I had a little dissapointment in that I thought the loan I had with them finished in April but then (somehow) realised I was a year out and it was April 2008 it finished.

Well I was wrong again because it transpires it was 65 repayments not 60 as I originally thought.
So as of 5 days ago I am now £400 quid a month better off.
What a great end to the year it is. :D







All I have to concentrate on now is getting the rest of the credit cards paid off and I'm home free / debt free..


Chuffed to bits
Andy :D
 
Put it aside... no chance... get the rest of debt on the cards paid off.
That has been my goal for longer than I care to remember.
I can FINALLY see light at the end of the tunnel.

Andy
 
The last time I had no ties to anything was when I was 22.... Just before I bought my first ever brand new car. :D ( a 106 Rallye )
It's all been down hill since then.
A years Salary will pay off the rest of the debt, but with living expenses and having a social life again, (tbh I've almost forgotten what going out feels like) it will take a little bit longer..
Maybe I just stay in and read OC for another year instead.
A mate is behind me now sat on my sofa playing Resistance FoM, so it's not all bad, at least I haven't forgotten what my mates look like. :D

Andy
 
Buy the sounds of it you should put it towards some money management courses? Your goal yet you didn't know the terms of the loan? "Standing orders and DD's... basically he cancelled a few that were old and not required" - you should really keep a tighter eye on that, get them out the way as soon as you stop a service or contract.

But well done go enjoy your hard earnings w out the bank ripping you for interest! :D
 
Doesn't that mean 5 MORE repayments than you thought?

No.
Originally I thought it finished in April this year (60 repayments from 2002)

but then it carried on, so I looked into (obviously not very well) and thought I was a year out and it actually finished in April 2008.
However it turned out it WAS April 2002 that I took the loan out, but for 65 repayments not 60.
I thought it was a five year loan.

Looking into it properly this evening (i.e rooting through my paperwork and actually finding the original credit agreement instead of guessing the dates) and all is clear. :D
 
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