Soldato
Only debt I have ever had is my mortgage (30k to pay).
I don't buy what I can't afford
I don't buy what I can't afford
How much debt are you in and what for?
- Thread starter Ace Modder
- Start date
Soldato
Just a small mortgage, nothing else
- GP
- GP
Soldato
Nothing atm, even paid off my student loan.
MW
MW
Man of Honour
£16K left on mortgage. £300 on a credit card I really should just pay off but never get around to. I just leave the minimum payment direct debit running.
Things are going pretty well for me now. At one point, my unsecured debt was 1.3 times my gross annual income. 5 years working 2 jobs (before the financial crisis, when it was possible to do that) to sort that out, along with help from the CAB with letters to creditors and suchlike. Now I have about 6 weeks pay in savings and it's growing slowly. It helps having no car, no children and no social life
Things are going pretty well for me now. At one point, my unsecured debt was 1.3 times my gross annual income. 5 years working 2 jobs (before the financial crisis, when it was possible to do that) to sort that out, along with help from the CAB with letters to creditors and suchlike. Now I have about 6 weeks pay in savings and it's growing slowly. It helps having no car, no children and no social life
Or people that bought a long time ago, and are approaching clearance.
Man of Honour
Or lucky. Or close to the end of a repayment mortgage. Or living in an undesirable area further south.
I bought my house in a lull in the housing market ~20 years ago. It's in Stoke on Trent. £28K, which was normal for a bottom end house in a moderately undesirable area(*) of Stoke on Trent at the time. The biggest mistake I made was taking the advice of a financial advisor by having an endowment mortgage, which I later had to sell for less than I'd paid into it. If I had gone repayment from the start, I'd probably owe less than £10K on it now.
* I checked it out beforehand - it's actually relatively nice for Stoke on Trent but not fashionable. There are parts of the city I wouldn't live in if the houses cost £50.
I'm a northerner but I've not told you how much mine is
Pack of polos is probably worth more.
Little bit jealous of house prices and national parks you have.
Unfortunately 5k from years back that has just been shuttled from one interest free card to another, however decreasing at over 1k a month. Which is why I'm permanently skint at the moment,
Man of Honour
I can remember a packet of Polos costing 5p. I was quite startled when I saw them selling at 70p a little while ago.
Most people won't know their actual debt, they'll just assume it's mortgage, credit cards and loans and forget about mobile phones, insurances, gyms, tv, broadband etc which are all potentially loans paid over time.
i remember 28p for a pint of beer and 75p for a gallon of petrol, sadly i was only earning £25 a week
Man of Honour
Few hundred on a CC which I'll probably clear next payday. Life without debt is nice.
Associate
£1600 CC
£560~ Loan (few months left)
Trying to clear the CC as quickly as possibly even though it's 0% as I'm looking at buying my first house this year and ideally want no additional costs where necessary.
£560~ Loan (few months left)
Trying to clear the CC as quickly as possibly even though it's 0% as I'm looking at buying my first house this year and ideally want no additional costs where necessary.
?