I am about to cross a wonderful point in our family's fight against a mountain of debt. Unsecured debt that is. The type of mortgage I have means that some of it shows as unsecured, however I don't count that in my "true" unsecured, because ultimately it is part of the secured loan (in a round about way).
When I was young and silly, I took put a loan for £25000 to "consolidate" all of my outstanding loans, credit cards, car loans and overdrafts. Stupidly, I didn't learn the lesson at that time and stop spending. I continued to use my credit cards, because let's face it, they were empty and begging to be maxed!!
I have now crossed the threshold of £25000, meaning that the huge loan will now be slashed, and the additional purchases are gone. This has been a long journey and a very tough lesson, the proverbial bitter pill to swallow, but it feels good. So good.
If I can give any advice to rewards with money problems, it is this: Don't give up hope, get a payment agreement and stick to it. You will find it to be the bets thing you ever did, knowing that you are on the track to freedom from debt.
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