Another month and another update of how much is owed in debt. Last month the outstanding amount stood at £50,538.93. Today it is £49,608.74 so that’s a drop of £930.19 which beat the projected repayment for this month of £643.06 by £287.13.
I am very happy with this progress but there is still a lot left to do. This repayment amount has been achieved through some earnings from this blog, which is nice and also by some efficiency savings cutting the cost of petrol and food shopping.
Getting below the 50k mark is a milestone in itself although sadly there is still such a long way to go. However one day that 50k will be 40k and so on, well at least that is the plan anyway.
Projected Repayment for November 2013
Being conservative again with the numbers, the projected repayment for November 2013 is £651.48 but again the hope is to beat that amount. It is possible that the Wageday Advance Debt will be settled as well so we can say goodbye to that one. I have some stuff I might sell on eBay as well to help fund this extra payment but we will see how things go. The budget is already trimmed as much as it can be so there isn’t much more that can be done there.
Debts Moving about
More Debt changes have taken place this month. My partners O2 debts have moved from Buchanan Clark and Wells and as predicted the accounts have been sold to Lowell Portfolio. They are easy enough to deal with so letters and offers of repayment have been sent to get things moving.
The MBNA account which went from Wescot back to Arrow Global has returned again to Wescot. Probably something to do with the letter I sent asking who we should be paying if Wescot aren’t dealing with the account any more. Complete waste of time if you ask me.
I have still heard nothing about my Debt with Orange which left Westminsters Solicitors and was previously with NCO Europe. I am guessing still that the account will be sold off, possibly to Lowell Portfolio or perhaps even Arrow Global. We will just have to wait and see what happens with that. I will let you know.
That’s all for this month. Things are going in the right direction but as you can see it is going to take a long time to clear all of this debt. Stay tuned for next months update and thanks for reading.