How much debt do you have?

I owe about £600 on my car loan.

That's it.

When I look to get a mortgage in a couple of years, it'll be a whole different ball game.
 
Other than whats owed to the Student Loans Company (and my long suffering parents; they helped me out one or two times in uni), nothing at all.

I had a £500 quid overdraft on my debit card at uni, and that was it. Somehow I managed to get by without a part time job! :p

Not touched a credit card, I've seen how much **** they can put you in from my parents, and indeed from my old uni mates (I remember one confided in me that he had a debt of £12k with 2 more years of uni to go, I just sat there in disbelief :o ). As for the parents, they're now getting some board off me now that I have a job, so that should repay them and then some :D
 
toshj said:
Got a letter through the post from the Student Loan Company last week, spoke to them yesterday morning and it turns out the best way to start the week is to be told you're owed a load of cash! Half gets paid this week, the second half by the end of the month :D
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Realised a year or so ago that I had repaid 150% of my student loan :eek: fortunately they paid it back promptly with interest without much hassle (had to send proof of payslips or wait until end of financial year when they get info from HMRC) but it is ridiculous that they don't communicate more often with HMRC to avoid these overpayments - turned out even at the end of the previous financial year I had finished paying it off :mad:
 
Student loan ongoing, mortgage circa 96k, credit card/loans circa 6k. They'll be cleared this year, so only the mortgage to worry about at that point. Thinking of just selling the house once the loans are cleared and going back to renting, debt free with a good income to get saving in earnest.
 
creed said:
Realised a year or so ago that I had repaid 150% of my student loan :eek: fortunately they paid it back promptly with interest without much hassle (had to send proof of payslips or wait until end of financial year when they get info from HMRC) but it is ridiculous that they don't communicate more often with HMRC to avoid these overpayments - turned out even at the end of the previous financial year I had finished paying it off :mad:
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The parent company I work for "forgot" to send off the relevant information stating how much I'd paid in Student Loan in 2010... and it was therefore remaining as "outstanding" on my student loan. As much as I'd like to spend all this money coming back to me, the same parent company also put me on the wrong tax code for a number of months in 2010 and I was subsequently hit with a hefty tax bill a few months ago... lovely. This student loan payment is going safely into my savings! :)

I should probably admit that I was very unpopular in the office on Monday morning when they found out how much I was owed... I'm not popular at the best of times so they were doubly unhappy with me! :D
 
If people are in their mid to late 20s with no debt then usually they would have had rich parents or left home very late or managed to get a very high paying job in their early 20s. That or they have a relatively low standard of living.

Like this one guy i used to work with, he never spent any money he used to eat the same food every day for lunch, he would make a rice meal on the sunday and then bring it in every day in a plastic container to work. By friday it stunk. Not once in over a year did i ever see him purchase something for lunch or buy a coffee from starbucks.
 
Student loan is about £28k @ 1.5% interest
Other than that not much, only what is on the CC and that gets paid off every month.
 
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