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got a loan that i DID pay back!

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2008/05/13 20:27:32 (permalink)

got a loan that i DID pay back!

well in light of the negative post about being in debt etc i thought id post up a good story instead.

I went to uni and got in debt, hit hard times and got in more debt, barclays gave me a credit card which they got me to sign for at the college when i was 18 with a free mobile phone if i signed up (who wouldnt??) this got me in even more debt, which they soon upped my limit and i got in even more debt. i got out a 2500 overdraft which the bank said yes to (why???) i then got a loan, borrowed 4k from my mum and got another credit card. i then got hit with a fee from the student loans company demanding 1500 back.

well i decided last year that my life needed to be different, so i sold most of my stuff, moved from a house i was renting into just a single room in a flat, sold my beast opf a 3.0 twin turbo car which i loved and got a 2.0 instead.

ive agreed payments of £5 per month to student loans and that fee is now down to 895 i owe them.
i have paid off my credit cards fully (last payment last month) my phone bills are down from 160 a month to 45 a month. cable internet, tv and phone are gone, i just have vodaphone internet now, saving about 50 a month.
i have fully paid off my overdraft and i now have a grand in savings!!! SAVINGS! ha! never had money that was mine since i was 18. ten years ago!
i have just 1800 left to pay my mum on the credit card i borrowed and everything else is paid up.

found out i owe a debt collection company £133 after 3 didnt cancel my contract and the bill was still due... this sucks but im going to ring them and pay them next month when i get paid.

Thats pretty much all my debts sorted, i havent been clubbing etc much at all and havent been splashing my money anymore so ive hammered my debts. in about 2-3 months i will be totally debt free for the first time and im looking forward to it no end.

so to anyone that thinks they cant pay anything back and they are in trouble etc... you can. get a 2nd job and hammer it.
yes depression hits you, and there have been some really low times for me the past year or so, but i think ive turned things around.

im not looking for a pat on the back, as it was my mess in the first place. i just read the negative thread about not being able to pay loans back etc and i wanted to show that people can.
there are hundreds of part time jobs out there to do in evenings like bar work etc, mc donalds, even cleaning for the council (hoover for £15 a day for 2 hours in council offices).
#1

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    USA DEALS
    beginner07
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    RE: got a loan that i DID pay back! 2008/05/13 20:34:09 (permalink)
    good on ya mate!

    'Using no way as way, having no limitation as limitation'
    #2
    Xian
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    RE: got a loan that i DID pay back! 2008/05/13 20:34:33 (permalink)
    top post, it shows you can do it , it just takes time and can't be done over night!
    #3
    Play
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    RE: got a loan that i DID pay back! 2008/05/13 20:35:13 (permalink)
    What do you do for work mate?

    I quit my job on fri but got a new one over the weekend and started today. The pay is rubbish but its first time in 8 years ive enjoyed a job and im looking forward to going tomorrow.
    #4
    Mobster
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    RE: got a loan that i DID pay back! 2008/05/13 20:36:12 (permalink)
    No pat on the back (as you know why) but a good solid post.

     
    #5
    187
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    RE: got a loan that i DID pay back! 2008/05/13 20:39:01 (permalink)
    i do too much lol.

    im a builder by trade, started working for london underground renovating stations to comply with section 12 (fire proof etc after kings cross fire)
    i then moved over to the busses as london underground take up to 3 months to pay an invoice, only the big boys can control this cash flow.
    been working for the buses for about 9-11 years was only on ug for about a year.

    in the evening i do web design, design and sell tshirts, sell imported sextoys and lingerie and i run a vinylgraphics website (being rebuilt).
    I basically started doing anything and everything i could to bring in extra money.

    the webdesign is what i pretty much got my degree in at uni, but i couldnt get a job as there were too many applicants for everything.
    worked for some companies like insure and go etc designing thier websites then went full time with the building... over double the money, working outside and better hours.

    edited to add i also co-work part time with a friend designing cnc and lasercut parts for cars etc which we have won awards for at car shows... this will be another line of work soon i hope.
    post edited by onion - 2008/05/13 20:40:37
    #6
    jw8725
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    RE: got a loan that i DID pay back! 2008/05/13 20:40:29 (permalink)

    ORIGINAL: Play

    What do you do for work mate?

    I quit my job on fri but got a new one over the weekend and started today. The pay is rubbish but its first time in 8 years ive enjoyed a job and im looking forward to going tomorrow.

    hi Play how did u manage to get abs on your left side only mate? Pure talent there like!

    Resident   ∂lch𝓮𝓜Ï𝕤Ʈ ❉
    Rub the mystical moustache for instant weight loss. Failing that head over to Nigel's blog:  http://nigeepoo.blogspot.com/
    #7
    Play
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    RE: got a loan that i DID pay back! 2008/05/13 20:41:38 (permalink)
    Yeh ive quit the office lark... was boxing my head in and even doing sales over the phone
    #8
    Cardifflad
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    RE: got a loan that i DID pay back! 2008/05/13 20:44:46 (permalink)
    Booooooooooo. What a boring post. We need failure and destitition!!!

    Well done mate. Glad you got out of it on your own
    #9
    Mobster
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    RE: got a loan that i DID pay back! 2008/05/13 22:08:26 (permalink)

    ORIGINAL: onion

    i do too much lol.

    im a builder by trade, started working for london underground renovating stations to comply with section 12 (fire proof etc after kings cross fire)
    i then moved over to the busses as london underground take up to 3 months to pay an invoice, only the big boys can control this cash flow.
    been working for the buses for about 9-11 years was only on ug for about a year.

    in the evening i do web design, design and sell tshirts, sell imported sextoys and lingerie and i run a vinylgraphics website (being rebuilt).
    I basically started doing anything and everything i could to bring in extra money.

    the webdesign is what i pretty much got my degree in at uni, but i couldnt get a job as there were too many applicants for everything.
    worked for some companies like insure and go etc designing thier websites then went full time with the building... over double the money, working outside and better hours.

    edited to add i also co-work part time with a friend designing cnc and lasercut parts for cars etc which we have won awards for at car shows... this will be another line of work soon i hope.


    Sounds like the level of work I used to do (sooo far from that now ha ha).

     
    #10
    Osagi
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    RE: got a loan that i DID pay back! 2008/05/14 00:36:42 (permalink)
    Actually mate as much as you may not want it I think you do deserve a pat on the back, or at the very least a degree of respect for what you have achieved.

    It may well have been of your own creation but at least you had the bollocks to do what needed to be done and sort your little mess out, something to be proud of right there imo.

    Osagi
    #11
    sillynarbie
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    RE: got a loan that i DID pay back! 2008/05/14 01:09:46 (permalink)
    I too think you need a pat on the back, because when you were writing about the things that caused you to be in debt I was just shaking my head. To go from a wreckless spender to what you are now is a big step, well done.
    #12
    Ash The Man
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    RE: got a loan that i DID pay back! 2008/05/14 06:44:04 (permalink)
    Well done buddy you deserve all the pats on the back you are getting on here, you turned your life around after you left Uni, well done buddy.
    #13
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