brianthesnailuk2002
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These days £5,000 is probably way under the average for non-mortgage debt, so I wouldn't overly worry about its size. However, if you are finding the payments tricky I would sort it sooner rather than later. A long long time ago I buried my head about my debt and it took me 10 years to sort it out, so ... if I were you, do your best not to raise that level of debt and ensure it is manageable. Talk to the lender asap if there is a problem |
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lol
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i know friends with alot more! and some havent even been to uni as an excuse, just gradually save and pay off, dont let it get bigger |
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Cheryl J
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doesn't seem alot really but i suppose it depends on how it is related to your income. Is it one loan or several amounts you owe to diffeent people. If you have a good credit rating you could take out a looan to pay it off- downside would be this would gain further interest but at leats you would know where you stand with regards to repayments and you will only owe money back to one person. Alternatively save like hell (you could set up a direct debit into a savings or another current account and set up direct debits form that account to pay poff towards debt) and try to pay money off asap- the quicker it is paid off the sooner you will be debt free.
But i wouldn't get too concerned about £5,000
:) |
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DEL BOY
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Any debt is to much but in this day and age it is very difficult to do without it. If you are having a problem servicing your
£5,000 you should talk to the lender straight away. |
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Block B
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Hi,
It depends on your income level. Probably, you should go for a debt consolidation if you don't have one at present. Check out http://financeguru.consumerspot.info for some useful info and tips on debt consolidation. Good luck! |
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genghis41f
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£50 is a lot of debt if you can't afford to repay it. It really depends on your income. |
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Greg T
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Do you have credit? If you do go to your bank,get a loan, pay what you owe,then pay the bank back with monthly installments. Good luck! |
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Will
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don't quit your well paid job. |
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n p
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Hi.
This is a well recommended site and has a good debt management company if needed :
http://url.lotpatrol.com/?x=246 |
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Cat
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I know a great site that gives away a FREE e-book. It’s 100% money guaranteed. I have found it to be very helpful. You don’t need to build a website and you keep 100% of your profits.
http://www.income4beginners.com/index.php?uid=4119 |
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Sally
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It really depends on your circumstances. If you have a steady income it will be much easier to pay it off steadily with a plan. Sit down and realistically write down everything you need for the month (giving yourself some fun) then see what is left at the end, if this is enough to satisfy your creditor, then good. if not your probably need some professional advice from a company like http://www.idealdebtsolutions.co.uk. |
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Sagda
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Blimey! 5 GRAND! How do you sleep at night?
I've had nearly £2000 and it took me a year to clear it! |
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bert
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Idiotic to be in that much debt in the first place, unless it's for something tangible, like a mortgage ! |
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