Truthfully - How much debt do you have?

About £150,000 on the mortgage, if we're counting mortgages.

Credit card 1: £1100
Credit card 2: <£100

Not much but enough for me to complain about :p
 
£0 no credit cards, no overdraft, no loans, no mortgage.

I'm one of the unforunate ones getting shafted hard by the low interest rates. Will probably be adding a mortgage at some point this year, atm I'm expecting that to be around £70k, depending on how much work needs to be done on the house, it may be less.
 
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Only got my Student Loan to pay and that was £10000 when I left uni and that is now around the £5-6000 mark but with £100 odd quid coming out of my salary per month I should be rid of it in less than 6 years :D
 
About £5k on a credit card, £8k student loan and £800 over draft. All of it (apart from the student loan) 0% interest, so I won't be clearing it all until the last minute!

(About £19k in savings, though)
 
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At this point last year I think I owed ~£16,000 on credit cards.

At this date I owe £32.57 on credit cards.

My current account is overdrawn by £890 at this very moment.

I still have £2669 available as my interest-free overdraft though :)

Think I did quite well in 2008. Quite how I don't have any extra disposable income after all that I don't know :confused:
 
Gilly said:
At this point last year I think I owed ~£16,000 on credit cards.

At this date I owe £32.57 on credit cards.

My current account is overdrawn by £890 at this very moment.

I still have £2669 available as my interest-free overdraft though :)

Think I did quite well in 2008. Quite how I don't have any extra disposable income after all that I don't know :confused:
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I want your job :D

(that or you didn't eat for a year and lived in a box)
 
£12,000 in student and career development loans, £36.99 on my credit card.

But then I have more then that in savings, so I guess it's ok. Still not happy about it.
 
This thread is shocking and precisely illustrates Brown's "borrow today, pay tomorrow" consumer consumption reliant economy. Also coincides with how lowering VAT has not only been a failure, in terms of helping the economy, but has encouraged people to spend and get into even more debt.

Credit cards should be paid off in full at the end of the month. If you can't afford to do that then you shouldn't be buying stuff.

As for me...
Maintenance Loan (student) : £5000 approx
Overdraft : £1500 (I think the banks should make it much harder for students to acquire high overdrafts as I never needed one and as a result have wasted the money on alcohol, Hi-Fi gear. My GF is a year younger and gets £3000 overdraft which is outrageous)
Credit Card: £380 at present to be paid off by DD
 
branddaly said:
£0 no credit cards, no overdraft, no loans, no mortgage.

I'm one of the unforunate ones getting shafted hard by the low interest rates. Will probably be adding a mortgage at some point this year, atm I'm expecting that to be around £70k, depending on how much work needs to be done on the house, it may be less.
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same situation here apart from I have a student loan as well, I have more in savings than debt in my student loan though.
 
scott212 said:
Also coincides with how lowering VAT has not only been a failure, in terms of helping the economy, but has encouraged people to spend and get into even more debt.
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I dont think all this debt has been accrued in the past two months or whatever it is :confused:
 
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