Since last time I posted, I received £1,478.91 of dividend in my account.
I’ve used £1200 towards the loan and kept the remaining £278.91 to use towards the minimum payments of the credit cards.
This has reduced my remaining loan value to £6098, with an additional interest saved of £548.
I think it’s still positive news, although my stocks are on red thanks to Trump policies, they are still paying consistent income.
We have to consider that I’ve started this project in December, and I managed to reduce the loan value from ~£13200 down to ~£6000, using around £2k of capital of my own to achieve it. Everything else has been paid by this Income products.
I’m suspecting I’ll have this loan paid in less than 5 months instead of 10 years that I initially agreed.
Let’s stay tuned to the next ex-div date!