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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To ask how much debt you have?

196 replies

Wellisayohyeah · 09/06/2025 20:58

Where it is from, and if you're paying it off?
Does it worry you?
I have 500 on a CC, 500 on a personal loan, about 300 on an Argos card and 300 to a Monzo overdraft.

I also have my mortgage and student loan but not counting!
The above figures are what I've got it down to now and what's left to pay off.

OP posts:
IwasDueANameChange · 09/06/2025 21:31

Only mortgage. I hate debt.

DryDay · 09/06/2025 21:32

Tryingtokeepgoing · 09/06/2025 21:28

It’s a big step, but shouldn’t scare you too much…. I’m 54 and stopped working last year. I’ve been debt, including mortgage, free for some time. The only debt I have is the regular monthly credit card balance, which is settled in full each month. What I would say about retiring and living on savings / pensions and not adding to them is that, despite the last 12 months not being great (or at least, the last 4 or 5…) from a market perspective my pensions funds are still worth more than they were a year ago, and have gone up by more than I’ve spent from non pension savings. And that’s despite a fair amount of travel and entertaining. I can’t access my pension until next year at the earliest, but Im currently thinking that 60 might be about right

I, like you, was slightly apprehensive, but so far it’s just fine. And I expect you have done far more planning than I did; I knocked up a quick spreadsheet about 2 years ago - the first time I’d ever seriously modelled what retirement might look like - and my broad brush assumptions, while miles off by category, are there or thereabouts in total. So that’s a relief!

Show quote history

Good for you!
Wish you a happy and healthy retirement!

wallowingbrook · 09/06/2025 21:34

Mortgage
5 figure bank loan
Cannot imagine a time when we will ever be debt free

REDB99 · 09/06/2025 21:34

Mortgage of 105K, still 15 years to go on this and personal loan with 6K left to pay over 3 more years. No other debt, if I use my CC it gets paid off straightaway.

BarclaycardBosh · 09/06/2025 21:35

4 or 5 years ago I had £17k on a credit card, but I stopped buying things and paid it all off over 3 years. Now I have zero debt except our small mortgage. I still haven’t told anyone (except my husband) what a mess I got into but I started a thread here the day I cleared it, everyone was so lovely, I actually felt proud of myself for once!

Daisydiary · 09/06/2025 21:35

Mortgage, PCP on one family car. Other owned outright via saving. Use credit card regularly but pay off each month. Never ever have more on cards than I have in savings. That’s my golden rule. Credit card spending is really just stuff bought online.

TheEllisGreyMethod · 09/06/2025 21:35

Mortgage and student loan.
Overpaying the mortgage at the maximum.
Student loan is more tricky as I'm post 2012 but wasnt for fees as I had a bursary for fees. Not sure what to do for the best with regards to paying it off

DoYouReally · 09/06/2025 21:35

None but moving soon and will be taking out a mortgage.

Flamingoknees · 09/06/2025 21:38

None... Mortgage paid off.Always pay outright,including cars. Saying that, although we've just got DP a new car, I'm planning to run mine into the ground.

OverpricedCupcake · 09/06/2025 21:39

None.
I was in a lot of debt 15 years ago and when that was cleared I swore never again.
If I can't pay for it upfront, I can't have it.

suki1964 · 09/06/2025 21:40

None

Many moons ago in my 20's, I near on lost my home because of debt.

I paid back every penny living on a shoestring and working 3 jobs

Dont get me wrong, I use credit , but only once I have to money saved , I can afford to buy but if interest free credit is available I take it

So right about £40 on clearpay, but I have the money in my account to clear it , Im not waiting on payday

Tangerinenets · 09/06/2025 21:41

None but I’m in my fifties and mortgage is paid.

SparklyGlitterballs · 09/06/2025 21:42

None currently. DH died last year so the mortgage insurance paid off the balance (£220k). I no longer have credit cards either. When we were younger we got into a terrible situation due to spending outwith our means. We had huge credit card balances, a personal loan and a car on PCP, on top of the mortgage. We eventually went to Citizens Advice and had these arrangements with our various credit and store card companies to pay smaller monthly amounts. We then got a consolidation loan which was a struggle, but it had an end date. If we'd stayed paying minimum payments on the CCs we'd never have cleared them. It was a difficult time (mostly of our own making) and taught us a hard lesson in managing finances. I'd hate to ever be in that position again.

Nicepeople · 09/06/2025 21:42

None at all.
I owe nothing to no one
All my bills are up to date as well.

Chick981 · 09/06/2025 21:43

Similar to you OP. About 1200 on interest free credit card and 200 on paypal credit. It’s not going down at the moment but hoping that will change from September when we get more nursery funded hours and also stop paying into our holiday fund. I could get it down quicker but I’m actively trying to save too since all the credit is interest free.

adviceneeded1990 · 09/06/2025 21:44

Mortgage
£300 on a CC - one payment to go!
About £3000 on a personal loan, it’ll be paid off next year then that’s us debt free apart from the house.

Titasaducksarse · 09/06/2025 21:44

About £7k, most on interest free rate. No mortgage and £100k in ISA. When interest free period us up ill either pay off or swap to another deal. My money is better off in ISA than paying off debt right now.

Boredofbeinganadult · 09/06/2025 21:45

when this question is asked the majority of the answers will be that they don’t have debt at all.

IndigoBluey · 09/06/2025 21:46

Right now 1500 on AMEX CC but could pay it off tomorrow if needed. I tend to pay 500 per month and clear it every few months then I will stick a holiday on it, handy for the Avios points which I often use for London hotels which would otherwise cost around 500 per trip, so for me it is all relative.

Viviennemary · 09/06/2025 21:46

None thank goodness. I hate debt seems to take forever to pay off. Don't mind mortgage though but that's paid now. Car loans are the worst.

Sofiewoo · 09/06/2025 21:46

£230k on a mortgage, which was higher but we recently cashed in one some equity when moving.
£10k left on a loan for some building work.

Our mortgage is actually really reasonable for our age and type of home so I’m happy with it. This thread must attract lots of older people to have paid off mortgages or only a couple of years left. It definitely wouldn’t be the norm for someone in my situation, early 30s and 2 toddlers in childcare to be mortgage free.

TheOpalReader · 09/06/2025 21:46

200 on credit card, 600 on very but that can be paid off quickly if needed. That's all, no mortgage.

Nicepeople · 09/06/2025 21:46

OverpricedCupcake · 09/06/2025 21:39

None.
I was in a lot of debt 15 years ago and when that was cleared I swore never again.
If I can't pay for it upfront, I can't have it.

Im the same if i cant buy it straight out and own it im not having it.
My washing machine buggered up last year i was told to just hire one and pay weekly.
Sod that i waited 3 weeks until i had the money to buy one out right.

Cel77 · 09/06/2025 21:46

About £1100 in credit cards. Quite a few pay in 3 agreements.

We share a joint loan for our new car (about £17000 left after a year).

Our mortgage is about £130 000 left.

No student loans.

soontobeconfirmed · 09/06/2025 21:47

2600 on a 0% credit card, but I have £5k in savings which I could use to pay it off. Paid off student loan years ago but have £259k left on the mortgage.

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