Because five years ago I wish I didn't spend so much of my life sick with worry and churning with fear because I owed £8k on CCs.
This month, I make my final payment of a DMP and I'm cleared. It took four years but I'm free.
Being in debt is paralysing and to anyone struggling, totally dominates every waking thought and destroys any hope of a good night's sleep.
It can happen to almost anyone. A series of unfortunate circumstances (redundancy, a poor investment) left me in the shit and living on CCs. Before I knew it, I was paying one with another and then having to spend that money again just to afford my train to work.
It got to the stage where minimum payments were taking up almost my entire income. It was alarming how quickly it spiralled.
So one day I set up a DMP, had one payment coming out per month and watched as my debt slowly but surely came down. The relief was unreal. I slept all night for the first time in over a year.
My debt management company worked with me and supported me through it all. I never felt judged. Most importantly I never felt alone.
My creditors agreed to the repayments and all froze interest. This helped enormously.
So I urge anyone who is drowning in debt not to go it alone, the help is there and you WILL clear it, you WILL get back on your feet and someday, you may even be able to save up again.
I don't mean this to be preachy, but I thought I'd share my experience as I remember vividly the black hole of despair when I was in debt.
Please or to access all these features
Please
or
to access all these features
Use our Cost of Living forum to discuss budgeting and energy saving with other users.
Cost of living
In horrible debt? Please read my story
16 replies
FiftyShadesOfGreen4205 · 03/05/2014 09:57
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.