JOHN B
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You have got one big financial problem, get some professional advice, 'cos you need it. |
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bornwithplasticspooninmouth
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Way to go! Take as much as you can - the banks deserve people like you, I hope you never pay it off and you cost them a lot of money - I blame the banks for situations like this entirely, greed greed greed. |
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*****_in_stockings
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I'm terrible, I have lost track of it all, not paid any of it for months, I have a car loan, one normal loan, 3 credit cards, and I owe my parents a bit. I'm screwed... |
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jobless in the uk
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If the banks are mad enough to lend you this much money then they deserve all they get. If you can't pay it off you'll have to go bankcrupt or do an IVA, no big deal, I know lots who have done this, and you get half of it written off so it's actually coming out of banks profits and serve them right! if everybody did this maybe they'd act more responsibly, they only lend people this much money because they know people live in fear of them and their demands for their ridiculous interest rates. S*d 'em, it's about time they got real as well as borrowers. |
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noodlesjen
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Believe me people have more, we had about the same as you and took on an IVA, it lasted 5 years and we paid a managable monthly payment each month for the term and are now debt free. Sometimes that is the only solution. |
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Silke
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If its a lot compared to your income it's not good. I owe relatively little compared to my income. I'm scared stiff of debt, it's like a trap, and I'm not going to put myself in it.
Stop trying to get fun out of buying things. Plenty of things are free. |
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caroline1409f1
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I run up about £1,000 each month on my credit card and pay it off each month. I'm lucky enough that that is my only debt. |
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Katherine X
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i was up to about £40k, I lived on credit so I could work part time basically, to get out of the rat race. Then I did an IVA, and had £20k written off. When I get my credit rating back I'll probably do it again, no bank is going to make a fortune out of me, they're suckers for giving it to me just like other people are suckers for paying so much in mortgage and card interest. People are so frightened of debt, what's the worst that can happen? the banks control us with this silly fear. |
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marty once in a while
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Hey Dude don't let the banks control you by fear. so many people owe this much and more, eventually when nobody can pay it back, the banks will have to take responsiblity for their own greed. Fear is their tool, don't let them use us. |
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Anna
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I have £7k of debt.....£6,000 left of my student loan to pay off (i've paid back £3,000 already) and £1,000 overdraft.
Unfortunately debt is increasingly common in the uk at the moment...good luck in getting out of your debts! Remember if you cant afford it, don't buy it! It took us too long to realise that...
I'm not too worried about my student loan as it was for education but the overdraft was my own greed. If you need help getting out of debt (believe me you will feel so much better!) the Citizens Advice Bureau can help you sort of your finances. |
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2COOL
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I owe diddly squat !!!!!!!!!!!!!!!! on credit cards.
never have never will.... |
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Well i Never!
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i owe about 15k..... its a sorry state of affairs huh |
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Trudy Teacher
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Hey don't worry about it, it's only figures on a page, no debtors prisons any more. Take as much as they'll give you, they'll only have to write it off anyway... |
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The West Coast Avenger
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About $63,000 U.S. We will never be able to buy a home. We are so screwed. |
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concerned79
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3 years ago, my partner and I owed around £50,000 not including mortgage or household bills. All on credit cards and loans. CAB worked with us and now we are debt free. We still have mortgage etc.
We had 3 kids and 1 income. (now have 4 kids). Still only have 1 income, but we live within our means and budget. budget, budget.
PS if you own property don't ignore your debts. If you live in rented property, there is possibilities you could write of some of your debts. CAB will advice you, Don't ignore any of your debts it will just get worse. |
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dooleys18
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My car loan ends this year about £3,000 on that
1 credit card £2,000 on that |
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kj
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no all i owe is my mortgage
if i cant afford it i dont buy or borrow for it
my bro on the other hand owes around 42grand |
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Butternut27
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credit card about £700 and no loans...this is probably the norm in the UK...we are in so much debt |
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saristin
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nothing to any banks but I owe my parents 2 grand and my auntie 3 grand. No idea when I'll be able to pay that back...
(Luckily it's not urgent and there's no interest to pay either) |
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Gem*
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About £3000 - nowhere near you! You have a lot!
I don't think its normal. |
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Dave F
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I'm in Australia and I've got a personal loan, 3 credit cards and a car loan totalling $47,000 AUD (or 21,000 pounds), not quite as much as you, but I've also got a home loan on top of that. That's quite a fair debt, and no I don't think it's normal. |
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Prodigal Son
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Speaking from my very heart, I owe absolutely nothing at all. I've always been very frugal in life and my motto is "if I can't have it in cash, then I can't afford it at all" and believe me my friend it's served me well. |
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Adze
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Debt,tick call it what you want is a curse on society.
People who have and use these are keeping the
banks profits at record profits,cut the buggers up.
I owe nowt to nobody and you my friend are living
beyond your means and it will all end in sorrow. |
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Veronica Alicia
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Nothing!
I have a Marks & Spencer credit card because it gives me points with which I can "purchase" ready meals for canal boating, but it is paid off automatically, every month.
No mortgage (it was an £11,000 one but we paid it off), no loans.
I buy my clothes in Sales and usually base our meals on "reduced" items in supermarkets (saves having to plan meals!). Do a lot of my food shopping in Aldi and Lidl.
Car is an "M" Reg so isn't depreciating.
Holidays & weekend leisure mostly based around an 8-year old, 30' canal boat. (costs about £1,500 p.a. to run and we use it as a weekend cottage as well as weeks away) - it's a pretty good social life as well.
I bought a 2-week time-share many years ago so Foreign holidays are pay the maintenance charge of £150 p.a. and find a cheap flight. |
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robert c
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None!I ripped mine up 2 years ago!! |
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lbaker2656
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I dont owe anything. I'm not sure how your debt compares to others, but you should see a financial advisor or the CAB. That sort of debt will only get bigger. |
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~Ben~
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i owe no money to no one |
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