How much debt are you in and what for?
- Thread starter Ace Modder
- Start date
Associate
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- 3 Feb 2009
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- 895
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- Sydney
About $400 left to pay off an intrest free credit card deal for a new TV.
Loch Ness monster is on OcUK!
None, i have my own place. No car/mortgage so hence no loan. Never been in debt in my life. But, because i have no credit history i cant even get a mobile phone contract. But 20 quid a month on o2 gets me what i need. Apparently you have to be in debt to get more debt. Not for me.
Soldato
- Joined
- 9 Dec 2009
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- 5,434
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- Bristol
2800 on credit card but did an interest free 48 month balance transfer so that's going down nicely.
700 left on an interest free finance deal on a bike so 3500 total.
You have to have some controlled debt to get a good credit rating.
Experian score is now 966.
700 left on an interest free finance deal on a bike so 3500 total.
You have to have some controlled debt to get a good credit rating.
Experian score is now 966.
Probably best way to be
61k on mortgage. Nothing on credit cards as I only use them for purchases over £100 and pay them off straight away.
This.
Soldato
- Joined
- 13 Apr 2013
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- La France
Alive or dead?
With the various life insurance plans I have, I'm worth £500K breathing today and the thick end of £800K to the wife if I cark it tomorrow.
Or why not just whip them out and be done with it?
- Joined
- 8 Sep 2003
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- 23,190
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- Was 150 yds from OCUK - now 0.5 mile; they moved
My rating on experian was the same, but I applied for a mortage and once I got accepted my score crashed.
Soldato
- Joined
- 30 Oct 2008
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- 3,148
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- South
I've been silly the last few years, I'm working my way slowly back though, here's what I owe:
I owe my missus a grand from when she's covered my bum,
I owe her dad about just over a grand now
I have a loan with about 5 grand left to pay
I have an overdraft of like 2500 which needs to be gotten rid of asap
there about 160 left to pay on a credit card.
My missus has her own debts to deal with too. (car fianance, credit cards, student loan)
mathematically its a problem that can be and is slowly being sorted. I kinda lost my mind for a few years and spending was the only thing that offered any kind of relief. When I realised the trouble I was in I chose to stop checking statements etc and these companies are happy to accumulate the interest as long as you meet low min payments.
I think any sort of lending should be subject to a degree of mental analysis. Because There are people out there cracked mentally a lot more than I was who get themselves into inescapable financial disaster.
Bring on the judgement!
I owe my missus a grand from when she's covered my bum,
I owe her dad about just over a grand now
I have a loan with about 5 grand left to pay
I have an overdraft of like 2500 which needs to be gotten rid of asap
there about 160 left to pay on a credit card.
My missus has her own debts to deal with too. (car fianance, credit cards, student loan)
mathematically its a problem that can be and is slowly being sorted. I kinda lost my mind for a few years and spending was the only thing that offered any kind of relief. When I realised the trouble I was in I chose to stop checking statements etc and these companies are happy to accumulate the interest as long as you meet low min payments.
I think any sort of lending should be subject to a degree of mental analysis. Because There are people out there cracked mentally a lot more than I was who get themselves into inescapable financial disaster.
Bring on the judgement!
I don't live in a miners house or have an outside toilet and i have a decent paid job for my area
Soldato
- Joined
- 29 May 2005
- Posts
- 5,622
- Location
- West London
We have a mortgage slightly above 500k, but have substantial equity. The actual mortgage figure is somewhat meaningless without knowing the LTV, repayments relative to monthly income etc.
mathematically its a problem that can be and is slowly being sorted. I kinda lost my mind for a few years and spending was the only thing that offered any kind of relief. When I realised the trouble I was in I chose to stop checking statements etc and these companies are happy to accumulate the interest as long as you meet low min payments.
I think any sort of lending should be subject to a degree of mental analysis. Because There are people out there cracked mentally a lot more than I was who get themselves into inescapable financial disaster.
Bring on the judgement!
No, you are talking a hell of a lot of sense actually