To ask how much debt you have?

About £800

it takes a sizeable chunk off my PIP and UC per month and I ran it up on klarna and a credit card

I’ve never paid back late and have a good credit score

Stupid bloody car. It was interest free credit and I had the cash to pay for it (which I have saved and is earning interest, which makes entirely good money sense). But I despise the DD every month as it’s leaving me a little short but I am loathe to touch the savings. Can’t wait for it to finish.

Huge mortgage and £20k on credit cards 😱 but we’re just finishing a house build. Still, it makes me feel sick

It mustn’t be something you compare. It’s all so variable. I have non but spent vast swathes of my life with lots. I never cared - as long as you have an over view/a clear plan/ or need it then it’s fine.

None. It's not worth the stress, clear any debts as a priority.

Early 50s, no debt, no mortgage, no loans or car payments. I do use CC but pay off every month. However, due to recent separation I will be having to take on mortgage in near future.

Same here. Will never let myself get into that mess again.

Going to be honest and show the other side of the coin - I’m 32 and well, I have bloody loads. About £25k to be exact, split across credit cards and 3 loans. Not even sure how it got to that point. Lost a job, put a months worth of bills on and it basically spiralled. Started topping loans up to pay off cc’s, then put the money back on them. A real shit show.

2 months ago cut all cc’s up, moved to interest free ones. Thankfully in a really well paying job so aiming to be free of it in 2 years but yeah, it’s hard going sometimes. Had absolutely zero financial education, and will be making sure DD never makes the mistakes I did.

Zero.

£60k mortgage and £55 owed to Next . Don’t like debt .

None. Haven’t had any debt for about 15 years. When we were young and just starting our family, we had loans and credit cards which took us about 10 years to pay off fully.

Never again - debt scares me. I don’t owe a penny to anyone and I plan to keep it that way.

I have no debt as I cleared it when I took a chunk of my pension. I vowed never to have a credit card again

You’ve done really well. Good for you

About 400 on credit card but that clears each month; I just use it to keep up my credit score and to earn rewards. Otherwise no other debt, loans or mortgage.

Alwayyys the ones with no debt who reply!

None.
The only debt I've ever had was a mortgage.
Always paid off cards every month.
Being an old git I was brought up to regard debt as something to be avoided - so I've always saved for things I want rather than buying 'on the never never'.

None. Paid off my mortgage.

None. Just mortgage.

Late 40's - none. Paid off our house a couple of years ago. I hate where we live (never wanted to live here) but moving means a new mortgage, and I enjoy being debt free.

There is a price, though. We've sacrificed a lot to get there, and are currently saving every penny to replace our old cars, then our house needs painting & will need reno's in future. I think we need a new hot water system soon, too.

We might not be paying interest, but the money still always has somewhere to go.

450.000 on a mortgage and 60.000 on a renovation loan.

Nothing. No mortgage or student loan.

We save for everything & use CC to get the protection and pay it off every month.

Just taken out a 13k loan for solar panels and battery in addition to mortgage. Hefty but hoping energy bill savings will cover most of it. No other debt.

Argos and any other credit over 10% APR is a rip-off folks btw. Go to your local credit union or FREE debt advice service and swap it to somewhere cheaper.

No debt at all.
I do have credit cards but both are at zero balance

Mortgage paid off.
All annual utilities such as water council tax car insurance and tax, household and travel insurance paid in full.

Life hasn't always been like this, I have to say.

These threads always attract people who have little to no debt. Statistics have shown that most UK households have debt. So they’re not realistic.

We have no mortgage - own outright; but we do have cc debt. We always switch between 0% offers and use them for holidays usually, paying off the balance as best we can by the end of the offer. And then switch. We have £5k ish at the moment.

We are in a better position now but in the past when our household income was less we’ve had to use debt to pay for essential repairs. If you own a home and something goes wrong then you have to, you can’t just let it go to the shit if you don’t have enough or any savings (depending on what it is of course - we’ve had things like toilets cracking and leaking, a roof that needed repairing etc).

£105 on credit card which will be paid off in full at end of month - I use this card only for buying flights or paying for holiday accommodation and pay it down in full when it’s used.

Around £2.5k loan for our sofas - we only took the loan as it’s 0% interest and thought that money could earn some interest over the 4yrs by being in our account instead!

Mortgage - 27 years left but we overpay monthly plus big chunk each year so aiming to pay it off in 10.

no student loans as paid those off already.