How much debt are you in?

[Bottomlesspit21]

Following on from the savings thread, how much debt are you in?

Not including mortgage but including student loans, car finance etc.

I’m not in any debt but haven’t got much in savings either!

Nothing except mortgage. Took me until late thirties to get to that position though and wouldn't take much to push me back into it.

Thats great you arent so not sure why you are asking or what your reasons are for knowing? We got in a mess and are now with Payplan so will be debt free hopefully in a few years.

Can I ask politely what the point of this thread is?

None except mortgage.

none except mortgage.

None.

I think this question was asked not so long ago. Why would anyone want to know how much debt a load of strangers are in?

Just the mortgage and car loan but DH is paying more off each month than he needs to as he can't cope with the stress of owing money. He expects to clear the car loan by the end of the year and the mortgage within the next 5 years (houses are dirt cheap where we live so it won't be quite the great acheivement that it sounds).

Asking a bunch of strangers how much debt they have before telling everyone you are debt free

Because it’s interesting and nosy? The same reason why it’s interesting to read about savings I guess.

Stop being nosy, thought it was a support post for those of us in debt not a 'look at me i have no debt but would love to look down on those that do!'

So you are wanting people on here to recount their painful situations to you for no other reason than you are nosey and want to glean some entertainment value from it. You are a delightful piece of work aren't you?

@Bottomlesspit21

Because it’s interesting and nosy? The same reason why it’s interesting to read about savings I guess.

It’s incredibly rude.

Mumsnetters don't have debt, as a rule.

You'll get a lot of smug replies about not buying what they can't afford, but in reality it's usually down to having a decent reliable income and not suffering any significant bumps in the road that end up in a debt hole.

I do wonder about threads like this that serve little purpose except an exercise in how to generate bad data and demonstrate how far from the typical UK average the Mumsnet demographic is.

If you want to know average debt, I'm sure the ONS has some good data.

£200

There’s been loads of these recently! I’m nosey too so I don’t mind, but this isn’t the ‘real world’. A lot of people have debt.

No debt here thankfully bar mortgage.

@Bottomlesspit21
No it's really not interesting to read about others savings either.
It serves no sensible purpose. People can tell you anything they want. Would you realistically approach a stranger on the street and ask them this??

None of your goady business op.

None except mortgage

I have just under £10k left to pay back on a £20k loan. I took it out to make some improvements on my previous home, and then I sold my home for more than it would otherwise have been worth had I not made the improvements. I decided not to add the loan to the new mortgage, since it'll be paid off in a few years and the repayments are very manageable. I'd end up paying a lot more interest over the years if it were added to the mortgage.

£2k

You'll get a lot of smug replies about not buying what they can't afford, but in reality it's usually down to having a decent reliable income and not suffering any significant bumps in the road that end up in a debt hole.

I'd agree with this. I've been a single parent and struggled to keep the food on the table and electricty turned on. But thankfully now I am in the privileged position of having a decent, steady income. We don't have expensive cars or holidays, but we do have enough that the emergency trip to the vet last week didn't bankrupt us and when the cooker died I didn't have to panic about getting a replacement.

But I don't feel smug about it. I'm genuinely grateful and realise how lucky I am. I think it's a tragedy that so many people are getting into debt just to meet the basics these days. Our governments are letting us down!

My student loan spent a number of years when I was a low paid new grad gaining interest more quickly than I was paying down the original debt! I think they send me statements every year but I can’t remember seeing one recently so have no idea what I owe now.

That was definitely one loan I paid no attention to the Ts&Cs of when I took it out. The naivety of youth

None except mortgage.

I don't have any. I'm not on the classic "average" mumsnet £100,000 wage either. I'm just very very debt averse and I'd rather not have something that know I owe money. It makes me anxious.