How much debt are you in and what for?

Mortgage: £170K. Pay the same as I would do in rent and will end up with something in 30 years, no brainer for me really.
Loan on Car: £5K - I needed a new car to get to work and back (30 miles each way). Work in the public sector in a school, so no chance of a company car or the like. Preferred not to have to rely on older cars so bought a new hatchback (Hyundai i10) for the 5 years warranty/peace of min.

That's it for me, both are necessary for my continued living. I've bought things previously on credit, but only when I was going to buy that thing anyway on an 18 month interest free credit card, stuck the money I was going to buy it with in a savings account and profited from it.
 
Mortgage of £166k and 24.5 years left to pay on it. I really need to look into overpaying to reduce this however.

This is my one and only debt.
 
Mortgage paid off about 3 years ago (the long way)

Still got about 6 months left to my final car payment.

That's it. Although I am now being expected to bail out family members who have jollied on borrowed money and now they are in the ****
 
Outcast said:
Mortgage paid off about 3 years ago (the long way)

Still got about 6 months left to my final car payment.

That's it. Although I am now being expected to bail out family members who have jollied on borrowed money and now they are in the ****
Click to expand...

I know what my answer would be. Family or not, they are adults and must take responsibility for their own actions.
 
£500 as I've just had the car MOT'd and serviced and got myself new rubber on the front. Will be paid off at the end of the month.
 
£2.5k left on a loan, £500 OD until payday next week and £200 on a CC. . Basically loan is because I wanted some stuff and couldn't afford it yet, OD is from Christmas which coincided with buying a 3 week holiday in Costa Rica for this summer and CC is because it was easier than using debit card.
 
You must log in or register to reply here.
Back
Top Bottom