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Original poster

Personal debt, not including the mortgage. How much is yours?

130 replies

nkf · 02/11/2008 14:47

Like many people in the UK, I'm working out how to get through the recession. I currently have one loan (taken to pay for a training course). £2,500. It feels bad enough. Have cleared credit card and am working out how not to go overdrawn this and every month.

How about you lot?

OP posts:
needmorecoffee · 02/11/2008 15:37

zero apart from a student loan but they've not written to me in 8 years. We don't have a credit card.

Judy1234 · 02/11/2008 15:58

My mortgage is over £1m but I don't have other debts.

needmorecoffee · 02/11/2008 16:02

did you keep trading up Xenia? As you got wealthier?
We do have a mortgage taken out when dh was working full time. Been a bit of a struggle now he works 2 hours a week.

MatNanPlus · 02/11/2008 16:07

A airmiles CC i clear each month and the mortgage which we also add extra to which reduces the interest but is available to withdraw, it is the deposit on next house.

CarGirl · 02/11/2008 16:17

needmorecoffee with student loans the onus is on you to inform them of changes of address etc, so if you haven't received anthing from them at all in 8 years I would get in touch with them........

needmorecoffee · 02/11/2008 16:20

well, its been 17 years now. Another 7 and I no longer have to pay them back. They used to insist my DH wrote a letter saying he was supporting me as I wasn't signing on and wasnt working, being a kept woman n all.
So we'd write something outrageous every year. But when we moved to the US their computer couldn't cope with a foreign address so I said not my fault so tough.

meglet · 02/11/2008 16:22

my DP managed to run up £30k of debt when he was young free and single, all went towards the Newquay pubs /jack Daniels / malboro light charity .

Luckily the house is mine, but the debt still means we can't get a desperatley needed bigger house or even have holidays for many years yet.

BroccoliSpears · 02/11/2008 16:24

hmmm... not completely sure as dh is a bit sneaky and evasive about letting on what he's been borrowing, but not more than 8000 excluding mortgage at the mo I think (hope).

needmorecoffee · 02/11/2008 16:24

my sister has managed to run up 20K's worth despite reasoanble paid job and no children. Makes me go [shoock]
wtf did she spend it on. Means my mum had to send her her life savings of 700 quid to tide her over and that did make me cross. Old lady should not be giving every penny to 38 year old spendaholic.

FiveGoMadInDorset · 02/11/2008 16:28

£2500 which is holiday on credit card, put it on there because if it all went tits up would get money back. Will be paid off by end January.

Lubyloo · 02/11/2008 16:28

None thankfully and a relatively small mortgage. I'm always very careful with money and have a real problem spending money. Would love a bigger house but worry about increasing the mortgage.

daftpunk · 02/11/2008 16:33

need more coffee..£20,000 worth of debt is quite common...we have about £8,000....but i have got 4 dc

expatinscotland · 02/11/2008 16:34

i have a single pal who is childfree who has about £60k worth of debt and no mortgage.

Original poster
nkf · 02/11/2008 16:35

Debt is frighteningly easy to run up.
If you live up to your income and treat yourself using credit cards, it's scary how easy it is.

OP posts:
squeakypop · 02/11/2008 16:36

No debt other than mortgage (no car loan or CCs). BTDT and don't want to go back there.

MrsMattie · 02/11/2008 16:39

Big mortgage aside -

I've always got about £2,500 going on my credit card. I clear about half of it a month, then run it up again, and so on.
DH often has up to £10k on his credit cards, but he gets paid weirdly (huge chunks of money, then nothing for a little while) so is able to clear it fairly regularly. No loans, though.

WhatFreshHellIsThis · 02/11/2008 16:39

About £1000 on credit card, catalogues etc, all being paid at over and above minimum payments and more than outweighed by savings. Should be gone by Christmas. No mortgage. No student loans.

But DP's has guaranteed his business up to £50k with the bank, so that's a worry.

Judy1234 · 02/11/2008 16:40

"did you keep trading up Xenia? As you got wealthier?" Yes but I would have no mortgage at all if my ex husband had not been abusive and I had ot divorce him. As I earned a lot more than him I had to borrow a lot to pay of his financial demands on the divorce, that's the only reason I have any debt at all.

AmBOO · 02/11/2008 16:51

We have £900 CC which we'll clear next payday.

AmBOO · 02/11/2008 16:51

Mortgage but no car loan.

Original poster
nkf · 02/11/2008 16:51

Our mortgage is vast though. It worries me.

OP posts:
twinsetandpearls · 02/11/2008 16:57

About 15K most of which has gone on y medical bills as I basically needed medical help or I would not have made it to the end of the year. No help available on NHS and I was not covered by medical insurance. But would rather be in debt that dead.

BreevandercampLGJ · 02/11/2008 17:01

Nothing of any consequence.

morningpaper · 02/11/2008 17:02

I have no debt bar the mortgage but got lucky when I sold my house and paid off my student debt with the money made on that, otherwise I'd be paying that off forever

daftpunk · 02/11/2008 17:03

nkf...our mortgage is massive too...but we had a choice..either mortgage ourselves upto the eyeballs and live where we want (london)... or move to some dull town....we took the only sensible option.