Truthfully - How much debt do you have?

£3400ish on card (about £2200 is on a o% for 13 months card... will hopefully be paid off by the end of the year).


£150k on my mortgage
 
I have £242k in mortgages, but other than that virtually no debt. And this is offset with over double that in assets.
Current account is £900 O/D
About £1500 on a credit card

But those are just floating balances and are in no way debt.
 
AcidHell2 said:
In that case awesome going..
Must be nice not to have mortgage or rent..
Click to expand...

It is very nice. We planned for it a few years ago and benefited from the rising house market on 2 properties (1 after the other, not at the same time) and managed to build a nice house here in France and buy a decent car ('05 Mondeo TDI) on the profit + around £16k to re-buy some of the furniture and to cushion our business start-up.

I'm married and we have a 3 year old daughter and I'm 34 in case anyone wondered ;)

I have to say some of the quoted figures here frighten me, I hope you all manage the debts successfully.
 
Well, as of today 300 people are indebted to me. I signed up to Zopa and loaned out £3000 (no more than £10 per borrower to spread my risk) - expecting an average of about £25pm interest (after bad-debts and Zopa's annual 1% fee).
 
By the time I have finished Uni it will be about 20k to pay back. I've got just over 5k I need to put aside in a savings account though. Still a big negative though :(
 
Car loan of around €10000. But I have 4 years left, so the repayments are small, and would probably be just about manageable if I found myself on the dole. That said, I could always just sell it!

Saw all this coming over a year ago and sorted out everything else. Canceled all silly insurance policies, and shopping around for cheaper utilities. Now I never go into overdraft, even if I have to eat mud. I think there's around €5 left on the plastic. Learned my lesson with that, now I never use the credit card until I load it up first.

Won't be even thinking of a mortgage until house prices sort themselves out. Could be years away!
 
Going out on saturday means i loaned £20 off the bank of mum and stuck on the 99p bottles of san miguel all night. Only because i don't often get sunday off work and i was skint.
So £20 which i shall repay on friday when i get paid.
 
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