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RE: How much Debt have you got?
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RE: How much Debt have you got? - May 4 2008 16:25:06   
slim_gym


Posts: 99
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£1200 on credit card but i'm wanting a new car shortly so maybe more

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RE: How much Debt have you got? - May 4 2008 17:01:14   
FrankenJim


Posts: 1915
Joined: Apr. 10 2008
Status: offline
Apart from mortgage. Zero (0) If i want soem thing i will save for it

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Post #: 42
RE: How much Debt have you got? - May 4 2008 17:14:00   
Red Man


Posts: 4633
Joined: Oct. 11 2006
From: North West
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Apart from housing and work debts, nothing at all.


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Post #: 43
RE: How much Debt have you got? - May 4 2008 17:22:44   
leerc


Posts: 1092
Joined: Sep. 27 2007
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quote:

ORIGINAL: strikalite


quote:

ORIGINAL: leerc

i dont have debt and the only debt i will ever have will be a mortgage.id rather drive my 300 quid banger than be up the eyes of debt


That's the best attitude to have, if you haven't got the money then you can't afford it......never had a credit card, never had a loan, and my mortgage is the cost of a medium size pizza .....But I'm only earning £17k a year!

exactly my point if i have no money i do without or save up.dont see the point digging a hole for myself just to look posher than my neighbors

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Post #: 44
RE: How much Debt have you got? - May 4 2008 17:24:57   
Veins


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quote:

ORIGINAL: slim_gym

£1200 on credit card but i'm wanting a new car shortly so maybe more


so dont get a new car then... if you cant pay for it outright then you cant afford it...

Dont mean to pinpoint you here but I never understood why people do this...

I can afford to buy a new bmw m3 but cant afford the insurance & running costs which to me means I cant afford the car simple as.

In response to original question £0 debt

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Post #: 45
RE: How much Debt have you got? - May 4 2008 17:31:28   
Welshy_Pete


Posts: 239
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Im 27 I own everything I got I pay for it out right no Hp no pay weekly or monthly I save my money till I can buy the item.

Worse thing you can do now is go in debt cause interest on debt going to go sky high and you pay loads extra not going to be worth it anymore worst time to think of it.

I know with buying a house bit diffrent but other things you have to get second hand rather then brand new and borrow money ant worth it try avoid debt at all costs today with country in roccession were only 25% way through it yet alot worse to come and this is why now you got to be carefull now money going to become very hard to get hold of shortly

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Post #: 46
RE: How much Debt have you got? - May 4 2008 18:06:57   
dean2

 

Posts: 63
Joined: Sep. 29 2006
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£1500 on student overdraft and about £200 on credit card, my exams finish tuesday so im off looking for a temp job to pay that off before i get my finals results!!!

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Post #: 47
RE: How much Debt have you got? - May 4 2008 18:15:17   
Packup Pete


Posts: 2791
Joined: Dec. 28 2004
From: Leicestershire, UK
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About 45,000, most of which was a loan for my business.

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Post #: 48
RE: How much Debt have you got? - May 4 2008 18:19:15   
Oldy

 

Posts: 405
Joined: Dec. 20 2005
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Zilch

Mortgage is paid off, and i have never owned a credit card. My mum brought me up to not spend money i dont have.

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Post #: 49
RE: How much Debt have you got? - May 4 2008 19:41:15   
Scott32


Posts: 3767
Joined: Oct. 20 2005
From: England
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I have no debt.

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Post #: 50
RE: How much Debt have you got? - May 4 2008 19:56:11   
Mortimer

 

Posts: 754
Joined: May 16 2006
Status: offline
Well our mortgage is fully paid. I do have a small £450 one on a credit card though but its nothing major. I hate being in debt no matter how large or small.

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Post #: 51
RE: How much Debt have you got? - May 4 2008 19:57:40   
Papa Lazarou


Posts: 9331
Joined: Feb. 16 2006
Status: offline
Loooooooooooads of debt. Why? The ex insisted that she went to uni as a mature student and I wasnt earning enough to cover us both. Rapidly accured lots of debt. Really need to look into getting it all sorted into one...

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Post #: 52
RE: How much Debt have you got? - May 4 2008 20:28:17   
ginasmg


Posts: 14264
Joined: Jun. 24 2006
From: yorkshire
Status: offline
7000 mortgage thats it, could pay it off tomorrow but would loose interest if i did,
i firmly believe if you cant afford something then save till you can.

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Post #: 53
RE: How much Debt have you got? - May 4 2008 20:47:58   
j man


Posts: 281
Joined: Jan. 31 2006
From: UK
Status: offline
I was in a similar situation until a year ago - I had around 20k and litterally has pound spare at the end of the month. I sold my car which started the ball rolling to clearly debt. I now own virtually nothing apart from my mortgage but that still costs me £1000 per month. Bout to clear a load of that when it is renewed though!

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Post #: 54
RE: How much Debt have you got? - May 4 2008 22:16:06   
yiddo


Posts: 2952
Joined: May 20 2005
From: Newcastle
Status: offline
£12500 Grad loan
£22500 Student loan
£3000 C/Cards
£1000 Misc

So pushing £40k

Mint

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Post #: 55
RE: How much Debt have you got? - May 4 2008 22:49:19   
1MR


Posts: 10951
Joined: Nov. 5 2006
From: Kirkham (Fylde) UK
Status: offline
quote:

£22500 Student loan

How is this even possible!!? Have you been at uni for 7 years!?

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Post #: 56
RE: How much Debt have you got? - May 4 2008 23:02:15   
galenkia


Posts: 3283
Joined: Nov. 7 2006
From: Loftus Road
Status: offline
£28,000 on old credit cards,last made a payment in 2000,and have no intention of paying any more.

£900 on current credit card which i will pay back.

£4500 car loan,which i am half way through,18 months to go.

I think that's it.

Do i care?.

Do i fcuk.


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Post #: 57
RE: How much Debt have you got? - May 4 2008 23:08:19   
AWG


Posts: 1151
Joined: Jul. 20 2007
From: Loughborough,UK
Status: offline
quote:

ORIGINAL: 1MR

quote:

£22500 Student loan

How is this even possible!!? Have you been at uni for 7 years!?

It's his Tuition Fee's, plus his Student Maintenence Loan

I'm guessing anyway

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Post #: 58
RE: How much Debt have you got? - May 5 2008 14:05:53   
Mortimer

 

Posts: 754
Joined: May 16 2006
Status: offline

quote:

ORIGINAL: galenkia

£28,000 on old credit cards,last made a payment in 2000,and have no intention of paying any more.

£900 on current credit card which i will pay back.

£4500 car loan,which i am half way through,18 months to go.

I think that's it.

Do i care?.

Do i fcuk.




Mate with regards to your £28,000 debt on credits cards...havent they been on yourback demanding payments and/or involved debt recvoery lawyers etc?? Mate dont you worry ?? that'd drive me insane.

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Post #: 59
RE: How much Debt have you got? - May 5 2008 14:09:49   
Stone


Posts: 12121
Joined: Dec. 1 2004
From: LONDON Taahhn mate
Status: offline

quote:

ORIGINAL: 1MR

quote:

£22500 Student loan

How is this even possible!!? Have you been at uni for 7 years!?


6k a year either inc. 1 year industry placement or 1 year fail.

Few mates are on about the same.

wonder what people will leave with in 3-4 years frm now since tuition fees have tripled.

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Post #: 60
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