Have I done the right thing re debt consolidation? - feeling anxious

[Talktomeeeee3]

Long and short of it.
I have consolidated around 27k worth of debt now into one monthly payment.
I spoke with Stepchange who looked at my outgoings, I looked at loan offers and despite having a high amount of debt, I was offered a good interest rate loan. I took the plunge and applied and the loan has just been deposited to my account. I have paid everything off. Reduced my overdraft from 2500k to £500, reduced my credit limit from £3000 to £1000. I have no store card credit, credit cards, car finance, or loans now, I just have the one monthly manageable payment.
With my wages, small amount of universal credit and child maintenance, I should now be able to save, pay my bills, and pay the loan off. I should be debt free in 3-4 years (if I can make overpayments too)
The monthly repayment amount is significantly lower than what I was spending on paying multiple repayments, I can't help but feel anxious though.
It is a large amount of debt, but is more manageable
I got myself into this debt by leaving an abusive relationship and having to start from scratch and DD's father refusing to pay child maintenance for years. It all got on top of me.
It feels good to have paid all the outstanding debts off and now be able to concentrate on becoming debt free. I also know it will take discipline to not spend on overdrafts and credit cards again.
Not sure what advice I am looking for, just want to be reassured I have done the right thing.
I have a good credit score, have never defaulted on repayments and have successfully got myself out of debt before, I guess it feels daunting.

Hello! It sounds like you've done the right thing if the repayments are manageable and they give you room to breathe. Please get rid of the credit cards and cancel them though so they aren't tempting to use again (speaking from experience).

It sounds sensible and you are working towards being debt free. Well done!

Yes, you have 100% done the right thing

Well done for getting this far @Talktomeeeee3. You have definitely done the right thing and wish you luck.

Sounds sensible, well done. However get rid of your overdraft and close your credit card. Trust me that's a slippery slope you don't want to go down.

Now that you have slightly more disposable income, get yourself an emergency fund sorted. Aim for £800-£1000. Then if something goes wrong you can use that and not your credit card.

Have a think about annual costs such as car insurance, home insurance and any subscriptions. Tuck some money away each month for that.

Set yourself a monthly budget for groceries and other spends. Make sure you don't blow it all in the first week!

You'll be debt free before you know it and have a little bit saved up. Well done.

You had the same debt before you consolidated, you just didn't really see it as being that big because it was scattered around. You have done the right thing and made your debts much more manageable, just make sure your other debts don't start creeping up again. Keep up the good work.

Thank you. This puts into perspective exactly how I'm feeling about it. It is the same debt but just more manageable.

I've reduced my overdraft right down on both of my accounts. I had a 5k overdraft between two accounts. I've now reduced that down to £500 on one account only.

I've paid off my credit cards and called up this morning to get the credit limit reduced significantly on all of them. I had various things paid on Very, klarna, curry's accounts. I've closed all those accounts now and I will only train my mind to buy things I can pay for in full with actual money rather than credit.

I definitely do not want to go down a slippery slope again.

I did sleep much better last night knowing the debt wasn't so scattered and I no longer have the debt of car finance and credit cards and various loans.

I want to be able to make overpayments too. I took the loan out on a 4 year basis but really want it paid off in 3 years maximum. I feel confident I'm going to be able to save a lot more now having been through my outgoings

I'm with Lloyds bank and they have a save the pennies thing which rounds up your debit card payments to the nearest pound and saves it all in a separate account.

I also round up any money left before payday and pop it in a separate account.

Then all the extra savings go towards overpaying a loan without putting in much effort.

I would reduce the overdraft to £100 and the CC to £500 for emergencies only-then freeze it.

The issue with CL is that people often run the debt up again

What you have done sounds very sensible.

Well done, this is your chance for a fresh start. I would keep a spreadsheet or even a paper notebook of all your outgoings and essential spending each month, and at the end of each month note what you have leftover and save it! Start to get excited by the prospect of being able to save. It is very exciting. Don't ever allow yourself to build up any other debt from this day forward and you will be just fine.