Debt: How much do you have?

[Xanadu]

None of your business matey

 

[H.Dot]

I don't owe a penny... quite the opposite in fact.

When it comes to credit cards, the last straw was when Abbey gave me a second ("Platinum") card, without me asking for one, with YET ANOTHER £5900 of credit on it... which gave me a total credit of £13300 (including the other £1500 card I have with First Direct).

How the hell is anyone supposed to keep up with payments like that and live a sarf London playa lifestyle is beyond me (lol joking).

Few things have made me smile more this year than when I chopped up both of their cards, paid off my large balance, and cancelled my account - yet they had the nerve to ask me if I was sure that I didn't need to take out a loan!! I told them to f*** off and put the phone down.

It really is time for MUCH tighter laws on lending imo... banks are worse than crack dealers imo... they operate in a similar way and ruin even more lives and communities.

 

[treefrog]

I have a card I pay off the minimum amount on and it's online and I don't know how to get into the account. I don't even have the card anymore.

I've got one of these- they won't give me any details until I give them a password, and I don't have the password

Other than that, an overdraft, student loans, and that's it. I break even every month right now so can't really pay off the overdraft etc. though I do pay in a lot every month to a pension

 

[geminisnake]

Spangle, just noticed your tag and I have to ask is there gonna be trouble?

I think student loans should get written off if you have deferred them for ten yrs.

Trashy, you really want to sort that out!! You're paying money for nothing if you don't get rid of the interest.

 

[Sweaty Betty]

I owe £116 to BT!!!

I had a shit load written off years ago, now i dont do credit at all....cash only.

 

[spanglechick]

Spangle, just noticed your tag and I have to ask is there gonna be trouble?

'pends what you call "trouble"

anyway - glad you got ther reference - he didn't.

 

[wtfftw]

BT owe me £1.50. fuck knows how to get it off them. I switched provider 2 years ago and it turns out they were meant to send a cheque or something but they never did.

 

[trashpony]

Trashy, you really want to sort that out!! You're paying money for nothing if you don't get rid of the interest.

Oh I know. I'm fucking useless. The longer I leave it, the less I want to know

 

[geminisnake]

'pends what you call "trouble"

anyway - glad you got the reference - he didn't.

MO's not really a R'n'R fan though is he?? Make him watch the Wanderers, go on

 

[Pingu]

nowt

 

[DexterTCN]

Around £2000. A leather suite I got on 9 months interest free credit 6 months ago (£475 left to pay) and a £2000 bank loan to get a big fuck off Plasma TV and surround kit.

 

[Groucho]

I think the "NOT INCLUDING MORTGAGE - JUST CARDS / LOANS ETC!!!!" bit at the top of the poll was rather a give away......

I'm meant to READ posts before I reply to them?

 

[Ms T]

Nada. I don't like debt.

 

[starfish2000]

No debt other than £500 to my sister and £300 to my GF. Student loan is £7K, but I have to earn the national average wage before I have to start paying it back. If I ever am lucky enough to earn £25K PA I will gladly pay it back.

I never owed a penny until I aspired to better myself.I now earn 15K PA . 4 years of my life doing an access course as a mature student getting a 2:1 with a 1st for my dissertation, yet its done me fuck all out in the real world. I may as well have spent the money on hookers and coke.

I've decided Uni was/is a big con. Only 35% of the population earn over the national average wage, so why do we need 50% of the population to be graduates???

 

[breathbona]

Do we count student loans or not??
I don't really consider it a debt as I have no intention of ever paying it back and because it's an old school loan I think they can only hassle me for another 9 yrs.

Is that true?

 

[Minnie_the_Minx]

Zero debt. Never had a credit card and never will. Was never a student either so don't have to worry about student debts

 

[baldrick]

why aren't you including mortgages? just 'cos they're an "acceptable" debt enabling you to act in a way society approves of, doesn't mean they don't count.

student loan: approx £13000. nowt else.

 

[aqua]

I think because for a mortgage you have something that in theory you can put on the market and sell for more than the "debt" is, whereas credit card debt you don't get anything for it now

unlike a car loan for example, where from the moment you drive it you've lost money, a house is *supposed* to increase in value

 

[JTG]

I think because for a mortgage you have something that in theory you can put on the market and sell for more than the "debt" is, whereas credit card debt you don't get anything for it now

unlike a car loan for example, where from the moment you drive it you've lost money, a house is *supposed* to increase in value

until the crash happens...

 

[Xanadu]

Was wondering, how do people manage to get big credit card debt?

 

[JTG]

Was wondering, how do people manage to get credit card debt so high?

they spend it all on sweets and fizzy pop

 

[Xanadu]

It was a serious question . I don't know anyone who has a credit card debt that isn't interest free.

 

[elliottwolf]

500 Overdraft and 550 Credit Card.

Not so long ago I cleared my Credit Card and then got really really close to closing the account and cutting it in half! Didn't use it for 6 months, then an emergency hit and within 6 weeks I had maxed it again.

I wish I had more discipline with money! Not even going to say what it has gone on.

Oh yeah and 8k on my Student Loan, didn't include that when voting on the poll as its pretty much a Mortgage anyway at my current wage rate.

 

[trashpony]

Was wondering, how do people manage to get big credit card debt?

By spending money they don't actually have. It's very easy you know

 

[baldrick]

Was wondering, how do people manage to get big credit card debt?

because they don't earn enough to pay their bills? A few hundred a year spent on your food/gas bill etc soon adds up if you can't afford to pay it off.

 

[baldrick]

I think because for a mortgage you have something that in theory you can put on the market and sell for more than the "debt" is, whereas credit card debt you don't get anything for it now

true, in theory. but you don't own anything, the bank does.

 

[k_s]

On top of some 13,000 in student loan I owe the nice people at the bank over 1,000, which i somehow have to pay back before June or I'm in deep shit. All this would be much easier if I had a job/any source of income...

 

[omlette]

probably a couple of thousand, not including the mortgage. And that gets paid off from time to time, then gets built up again, but never higher than a couple of thousand.

 

[zoltan]

Zero debt - no mortgage etc, but precious little in the bank either

I do however spend my / our lot on travel and art.Spare cash goes into Premium binds for the Kinder

you cant take it with you etcetc

 

[debsinleeds]

inever been in dept before but i just got a loan for 3000 for a boob-job, way-hey!!