Latest Debt Overview

Our debt at May 1st 2010 stands at:

Toad Bank a/c 1: £ -1,931.83
Toad Bank a/c 2: £ -871.14
Funnelweb Bank a/c: £ 530.26
Python c/c: £ -4,069.16
Tarantula c/c: £ -636.30
Mum’s c/c: £ -3,180
Student loan: £ -7,372.57 (despite repayments this will stay here till April 2010’s yearly update)
Parent loan: £ -8,850

Total debt at 1 May 2010: £ -26,380.74

Where we started (January 2009):

Toad Bank a/c 1: £ -1,994.45
Toad Bank a/c 2: £ -1,778.81
Alligator Bank a/c: £ -2,096.00 (now 0 & closed)
Funnelweb Bank a/c: £ 450.13
Python c/c 1: £ -5,993.93
Python c/c 2: £ -400.46 (paid off & closed)
Coyote c/c: £ -640.85 (now paid off)
Tarantula c/c: £ -2,262.39
Mako c/c: £ -3,028.42 (consolidated to other card)
Platypus loan: £ -3,223.65 (paid off and closed)
Hammerhead loan: £ -400.00 (approx; paid off and closed)
Student loan: £ -7,703.81
Parent loan: £ -7,350.00
Total debt at 1 January 2009: £ -36,362.64

Total debt paid off since January 2009: £9,981.90

% of debt paid off since January 2009:
27.45% of our total debt
52.33% of our ‘bad’ debt (debt excl student and parent loan)

Final debt repayment date:
Jan 2009 – was predicted for May 2012 (41 months)
Now predicted for Dec 2011 (36 months)