AIBU to ask how much personal loan/CC debt you have?

[AllTheGlitter]

Hi guys, I’ve just done a debt consolidation loan and having a bit of a panic. The payments are fine, we can definitely afford them. Just want to know if anyone else is in my situation as I feel like the only one! :(

No debt as such, other than the mortgage. However, we spent about £100 on the credit card last month which we shouldn’t have, and that will have to be paid off this month. We also “borrowed from ourselves” by spending £1700 from our savings account (meant for home improvements/emergencies) last year on a holiday, which we’re now paying back into the account in monthly installments.

@MsHopey have you considered StepChange or Christians Against Poverty for financial advice. Neither will judge, just offer a way out. It's probably going to be a very long term solution with your income but there will be a solution and far far less stress once you start the ball rolling. Good luck.

Recently cleared off all overdrafts & now working on a 2K credit card debt - will be cleared by end of this year because our mortgage deal is up in January! We plan to reduce mortgage term by 5 years then.

It can seem daunting but chipping away at it is our method.

Nothing.
Rather like bitchqueen I'm a LP so I tightly control what gets spent. And I cross my fingers that nothing major breaks.

GreyBird84 clearing the overdrafts and not using them again was a massive positive change for us. You feel so much more in control of your money, wish we'd done it earlier.

Debt-wise, I am probably in worse shape than anyone here, though I have a high income from a variety of sources:
Mortgage £2315/mo paid off Mar 2022
Car loan £201/ mo paid off in May 2021
HMRC £336/mo paid off Oct 2019 - champagne will be opened.
£7000 on 2 zero interest credit cards, pay about £175/mo. Will continue to juggle these for awhile til either mortgage is finished or I liquidate some assets.
Mortgage & car are necessary for most people & I did not run up the debt due to expensive handbags, holidays, but mostly accrued to pay tax debts.
I have to keep zero interest going to pay for stuff like dental work. When the mortgage goes, that is my last debt, & Iwill be very happy.
Although I feel debt heavy, I have a good credit rating, & worked with my personal banker for loans, so they don’t think it is excessive (tho I do!) Debt is a bummer - avoid)

None. 45, never had a credit card. Salary currently £21k per year. Other than mortgage on my flat (£316) I have no debts, savings of £19k. Only loan I ever had was for a car when I was 21 over 2 years and was 0% interest. Probably because we were pretty poor when I was growing up and my parents mantra was to save and then buy it rather than put things on credit.

I have noticed, from years of fluctuating finances, that it takes a good 6 months from when they actually change to when you feel the difference. This means a delay in hardship, when you lose a job or buy something massive but equally, once you’ve paid it all off, you still feel skint for absolutely ages.

Absolutely disfordarkchocolate overdraft used to free then started costing £12 a month so it became priority whereas cc is 0% until April 2020

It’s a wonderful feeling not seeing red when I log on to online banking - even if there is only a fiver lol

Hi, I know you posted this many moons ago but I would love to know what side hustles you found and how you made extra money ☺️

Lol to how things change. Currently have £12k on credit cards.
Not even slightly worried though as I have the cash in an ISA earning 5.25% whilst the debt is all 0%.

£0