How much debt are you in and what for?

boxman2000 · 12 Feb 2016 at 09:23

Under £200k (mortgage).

Don't care what I'm worth if I peg it, the mortgage gets automatically paid and the wife will be set financially for life.

Saying that I do check my brakes before leaving for work each morning though.

bulletv1 · 12 Feb 2016 at 09:24

A bit less thank £87k (mortgage) oh and i've got to finish paying off my honeymoon in July. That about £700 but just got to move some money before i can pay it.

Mucky_Pup · 12 Feb 2016 at 09:35

Too much. Expecting a £1x,xxx cheque from my motorbike accident soon, which should clear off my credit card debt though, so that'll give me breathing room for paying down other debts and saving for a house deposit.

cheesyboy · 12 Feb 2016 at 09:44

£200k+ mortgage (20 years to go...).

Nothing else, though. Student loan finished last year.

regulus · 12 Feb 2016 at 09:48

I owe $16.55 on my credit card. That's around £8. Reason for this mess I'm in is that I got my new credit card today and wanted to see if it works online. I bought a PC game. Seems to work just fine. Will clear the balance tomorrow and be debt free once more.

XeNoN89 · 12 Feb 2016 at 09:52

No Debt. I have a credit card but use it for everything and pay off in full every month

subbytna · 12 Feb 2016 at 09:56

I can't say how much I owe, on a public forum like this, in case I'm found out later on down the line....

Schlong&Stable · 12 Feb 2016 at 09:57

Aged 23, I had 200% of my salary in unsecured credit card debt. Why they let me have so much is beyond me. I paid it all back though after getting them to agree to freeze the interest. My 20's were such a hassle due to the weight of debt.

I now have about 15% of my salary in unsecured debt.

Cosimo · 12 Feb 2016 at 09:59

None.

MasterPlan1 · 12 Feb 2016 at 09:59

I had to pay for my wedding with 2 months notice in 2014 after the in-laws said they'd pay for it, but couldn't, which killed my finances just as I was getting in an OK position, so..

£2k OD, £8K loan, £5k CC.

Needless to say, there's still some tension between us and them, as they've showed little remorse, and now they've got themselves sorted, they're living it up and buying crap, like at Christmas, they all bought themselves Apple watches, and my wife an expensive Wacom tablet... And they have the cheek to ask us as to when we're going to have kids, go visit them (they live in the US), get our own house.

Syla5 · 12 Feb 2016 at 10:05

Mortgage: 168k
Loan: 5k
CC (interest free): 5.7k

Loan and CC are a combination of new boiler/new car/new windows for the house, all practical stuff that's required/added value/saved costs elsewhere.

Mortgage is heavily overpaid, loan and CC should be cleared in 2 years.

Skidder · 12 Feb 2016 at 10:08

Mortgage which is large (but so is my equity I guess). And presently a few thousand on cards related to work travel, but non-permanent.

darknite · 12 Feb 2016 at 10:15

Mortgage 170.1k (works out 67% LTV at current valuation)
Loan 1 3.3k
Loan 2 6.4k
Loan 3 1.4k (dfs sofa 0%)
CC 1 0.4k
CC 2 1.3k

Loans were car and home improvement. I have good income but no saving for large purchases. So stupidly low interest loans are good for me. 1.8% on car 4.9% on the home improvement. The car should be gone this year (or sooner if change it) solar panels sub 18 months.

CC 1 is general shopping. Gets paid off every month. Cashback on it.
CC2 was a emergency. Need a couple of months to pay that but it is 0% interest until July.

I am 33 tomorrow and still planning to retire at 58 (target can move)

stuie · 12 Feb 2016 at 10:16

about 120k on the mortgage and about 2k on a cc but that will be mostly paid off by end of march I certainly expect it to be halved

Ive got 8200 in savings and a couple of k coming in bonus next month so i dont feel that things are too bad

Hyburnate · 12 Feb 2016 at 10:26

Nothing at the moment, only owed money at about a grand but I'm not losing sleep about it. Although I do need to start using credit

[FnG]magnolia · 12 Feb 2016 at 10:27

Hilarious mortgage value = check.
Anything else of material concern = nope.
Get on with it = yep.

Rilot · 12 Feb 2016 at 10:27

Nothing. I made a decision - after I nearly went bankrupt in 2009 due to my PPI not paying out when I lost my job - to never owe money again.
It's a bit of a bummer but I have a medical condition that can cause me to be unable to work at a moment's notice. You can't insure against that.

Housey · 12 Feb 2016 at 10:32

For those of you looking to check your credit scores, I would recommend www.clearscore.com which is a free service and provides some useful data on what sits in your credit file.

Muban · 12 Feb 2016 at 10:40

Less than 14k left to pay on my mortgage, that's it.

Dave85 · 12 Feb 2016 at 10:45

Unsecured from when I was a silly teenager was 30k now down to 7k and will be done shortly. could have taken the easy way out many years ago with LILA bankruptcy but well pride got in the way