As of June 2026, my total debt now sits at £36,760.74 before June’s payments.
After making the June payments, the total balance reduces to £35,749.42.
Most of this debt is still being repaid through a self-managed Debt Management Plan, where I make monthly payments directly to creditors or to the debt collection agencies managing the accounts.
There were a couple of small changes this month. A smaller Capital One card appeared on the list, and there was also a balance adjustment made to my main Capital One card. Aside from that, everything looks to be moving in the right direction.
The good news is that the overall balance is continuing to fall.
Current Debt Overview
| Creditor | Managed By | Balance Before Payment | Monthly Payment | Balance After Payment |
|---|---|---|---|---|
| BetterBorrow | Credit Security | £5,621.72 | £50.00 | £5,571.72 |
| Carmoola | Carmoola | £4,618.00 | £243.00 | £4,375.00 |
| Capital One | Capital One | £1,152.46 | £20.00 | £1,132.46 |
| Capital One | Capital One | £137.10 | £20.00 | £117.10 |
| Lendable | Lendable | £15,014.44 | £351.25 | £14,663.19 |
| LikelyLoans | ACI | £2,188.17 | £41.14 | £2,147.03 |
| Lloyds Bank | Link Financial | £1,403.50 | £21.70 | £1,381.80 |
| O2 Debts | O2 | £2,611.84 | £162.35 | £2,449.49 |
| Onmo | Onmo | £1,537.62 | £50.00 | £1,487.62 |
| Sky Laptop | Sky | £541.32 | £32.58 | £508.74 |
| Vanquis | Vanquis | £981.00 | £10.00 | £971.00 |
| Virgin Credit Card | Moorcroft | £953.57 | £9.30 | £944.27 |
Total debt before June payment: £36,760.74
Total monthly payments: £1,011.32
Total debt after June payment: £35,749.42
Progress Since March
Back in March 2026, my total debt was just under £40,000.
At that point, the balance after payments was around £38,629.56. By June 2026, after payments, that figure has reduced to £35,749.42.
That means the total has reduced by around £2,880.14 since the March update.
That might not feel dramatic, especially when the overall number is still high, but it is real progress. The balance is moving down rather than up, and that is the important part.
How Long Will It Take to Repay?
Based on current payments and assuming nothing changes, the estimated repayment timeline now looks like this:
| Creditor | Months Remaining | Years Remaining |
|---|---|---|
| BetterBorrow | 111 | 9.3 years |
| Carmoola | 18 | 1.5 years |
| Capital One | 57 | 4.7 years |
| Capital One | 6 | 0.5 years |
| Lendable | 42 | 3.5 years |
| LikelyLoans | 52 | 4.3 years |
| Lloyds Bank | 64 | 5.3 years |
| O2 Debts | 15 | 1.3 years |
| Onmo | 30 | 2.5 years |
| Sky Laptop | 16 | 1.3 years |
| Vanquis | 97 | 8.1 years |
| Virgin Credit Card | 102 | 8.5 years |
If everything continued exactly as it is today, the longest repayment timelines would still run for several years.
On paper, the longest remaining debts are BetterBorrow, Virgin Credit Card and Vanquis. BetterBorrow is showing around 111 months left, Virgin around 102 months, and Vanquis around 97 months.
That sounds bleak, but it does not mean those debts will definitely take that long to clear. As smaller accounts are repaid, payments can be redirected towards the larger balances. That should shorten the overall timeline over time.
The Biggest Debts
The largest balances are still doing most of the heavy lifting.
| Creditor | Balance After June Payment |
|---|---|
| Lendable | £14,663.19 |
| BetterBorrow | £5,571.72 |
| Carmoola | £4,375.00 |
| O2 Debts | £2,449.49 |
| LikelyLoans | £2,147.03 |
The Lendable loan remains the biggest debt by a long way. After June’s payment, the balance is still £14,663.19, with around 42 months left based on the current repayment amount.
That shows how long high-cost borrowing can hang around, even when regular payments are being made.
Debts That Should Clear Soonest
The first accounts expected to disappear are now:
- Smaller Capital One card – around 6 months remaining
- O2 Debts – around 15 months remaining
- Sky Laptop – around 16 months remaining
- Carmoola – around 18 months remaining
Once those are cleared, the monthly payments attached to them can hopefully be redirected elsewhere.
That is where the repayment plan should start to gain momentum. Clearing smaller debts is not just good psychologically; it also frees up monthly payments that can be used to attack the bigger balances.
The Reality of Debt Repayment
Looking at the June figures, the same lesson still applies.
Debt repayment is slow.
There is no magic moment where everything suddenly fixes itself. It is just a steady process of making payments, checking balances, correcting anything that looks wrong, and keeping the direction of travel positive.
This month was not completely straightforward because the small Capital One card appeared and the main Capital One balance was adjusted. But overall, the position is still better than it was earlier in the year.
The total debt has reduced, every balance is confirmed, and the plan is still moving forward.
That is what matters.
Final Thoughts
As of June 2026, the balance after payments is now £35,749.42.
That is still a large amount of debt, but it is lower than it was in March. The monthly payment total has also reduced from around £1,099.59 in the March update to £1,011.32 in June.
There is still a long way to go, especially with the larger balances like Lendable, BetterBorrow and Carmoola. But the overall picture is improving.
The balances are coming down.
The accounts are being tracked.
The payments are being made.
And slowly, month by month, the debt is reducing.
