Would you be put off someone with 2k of debt?

[Medusa0987]

If they had no CCJs, IVAs etc. And were paying it off. Also if they were employed and genuinely had a plan to fully pay it off.

Well said

I don't get what is unclear here

I wouldn’t be put off from the reasons you’ve mentioned. Fantastic they’ve gone and bought a house and taken out a small loan and used a credit card (which we all do?!) which I assume they can afford to pay off. I’m sure the bank would have looked at their income before agreeing the loan.

No, that’s nothing. I pay that off every month on my cc

£2k debt for house/renovation fees that are being sensibly paid off with the person working full time. Wouldn’t bother me at all.

Not in the slightest. 2k is nothing.

Definitely not.

I know people on £50k+ who have more debt than that from similar circumstances or because of cars on finance etc.

Also sometimes life throws us curveballs and we use a loan/credit card and pay it off bit by bit.

My large breed dog got poorly and had to be PTS.
I had the highest level of pet insurance which did cover a lot but there was still a lot to pay out (she needed biopsies and radiotherapy etc too and I wanted to have her cremated with a special box etc) and so although I am sensible with money, I still needed to use my credit card.
A few days later my car broke down and needed repairs and so I needed to use my credit card again.
It was over £2k in just over 2 weeks and it wasn’t from being greedy or silly with money.

So no I wouldn’t judge in this situation.

I've got that amount of debt. I wouldn't get into a relationship with anyone who judged me on it, sorry but it would be a real deal-breaker for me.

£2k? I'd probably think you were a bit shallow. How much debt do you think people paying a mortgage have?

Context is everything.

I often have up to £20k on credit but with enough savings to clear it immediately if needed. I use credit responsibly and well within my ability to pay. People that are good with money don’t see credit as a negative thing.

£2k debt for everyday living expenses that someone on a low income can’t repay is different.

My husband (soon to be ex) is appalling with money (previously bankrupt) -people should run from the hills from him and his debt. Mine, not so much!

No, unless they had no income and no plan to pay it off. That doesn't seem to be the case here.

Yes, this!

After reading your updates as to how to debt was accumulated I’m surprised you even need to ask.
Credit cards can be used in a productive way if you know what you’re doing.

My CC currently has £9k on it. Sounds scary in isolation. But when you consider what I earn and the fact that I used it for home renovations and I am
currently paying at least £1k per month off it, and it’s sitting at interest free, and I will clear it once I remortgage my property I don’t think it’s that bad. It’ll be gone in a few months. I also own my car and my house is modest and my mortgage low compared to what I earn.

As PP says, people spending on credit cards for shite they don’t need - then yes I would judge.

Nah, it wouldn’t put me off.
2K is nothing.

No

I have apx this amount of debt and it's not a problem. I pay regular amounts on to credit cards but can run them up again. I have enough in savings to clear them tomorrow but I use credit cards responsibly and shift onto 0% deals so who cares.

My DP has some debt left over from escaping his abusive marriage. It'll be clear soon, he has a great job and a clear plan.

honestly it did put me off. I have extensive savings and investments and was looking for a financial equal. However, his kindness and brilliance in every other way - along with him having a plan - made me give it a chance.

I found out my husband was 25k in debt 2 days before we got married 😅 2k is nothing

I came out of university with 2k debt in the mid 1980s (equivalent to around 6K today). I easily paid it off as I was working full time.

I've frequently taken out 0% interest loans for a car or a sofa etc, because it doesn't make sense to lose my savings interest. Repaying debts also helps your credit score.

This person has a house and a job, why would you be worried about a small debt?

How did that work out? Did he deliberately conceal it from you or did it just not come up in conversation and he chose to stay quiet over it?.

£2k, no it wouldn't put me off.
£20k and I'd have a serious rethink

Two grand? Between loans and credit cards?

Wouldn't even register with me. Irrelevant. Normal. Sensible.

As many have said £2k, is fine - 25K, might not be

It would depend on the circumstances as well for me. In this case the debt is very low and he had good reason for using his credit card.

But generally if it was a much higher amount like 20K + I’d be wanting to know - How did he accrue that debt, is most of it interest free or high interest, how much does he earn, does he have significant savings, does he have any dependents , what is his ability to pay it all off if wanted to?

I used to date an American guy who earned 6 figures, as do many in the U.S. - put a lot on his credit card (again as do many in the U.S.!) but he had several times that amount in savings and investment. It wasn’t an issue. I had far less debt but way poorer overall.

I mean, I quite often put stuff on credit card and pay it off slowly. The interest rate in credit card is lower than on my investment savings account. My actual cash savings account(decent interest rate) is for emergencies if it more than my credit card limit. So technically I'm currently 2.5k in debt cause I paid for my (elective) eye surgery and holiday with my credit card. Will pay it off for a few months.

Someone working full time, 2k is barely even a debt. It is more about how they use money in general.