Debt

[Nationwider]

Just out of interest really, and to see what people's attitudes are to personal debt... Does it bother you? Are you a balance transfer bitch? Do you refuse to borrow a cent? Have you spent the student loan by the end of October???

By debt, I'm obviously including credit cards, student loans, mortgages, personal loans etc etc...

I've got too many credit cards, mostly with 0 balances but a chunk still to pay (a legacy of the days of 0% no-fee balance transfers), a steep but fixed mortgage and the Missus' student loan to get shot of. Not great, but liveable with...

[securedfox]

I have been lucky really as i'm the type of person that stubbonly refuses to have credit cards whatsoever

But only because they frighten the shit out of me.

Partly because I have friends and relatives who have got themselves into trouble with them in the past.

I am now 54 years old and I aint about to change............But no debt.

[Bert]

No Debt.

I borrow money off my mum from time, which is hardly debt, but i always pay it back on time. No Cards or crap like that.

My point on this is, if you have no money don't borrow. Because when you get paid again you have to pay it back, then your back to borrowing again. Regardless of who it's too.

[Rincewind]

Not a lot of debt unless I include my rent and other bills. Had a loan but thats finished this or next month. bit behind with the rent but nothing that will cause the baili....just amoment somebodys at the door I have to hide.

most of my bills are done by direct debit. I just wish my place of work payed my wages into my account instead of by cheque in the post. Most of my bills come out on the first and my pay day is the 5th then I have to wait for the cheque to clear. I do have the use of an overdraft facility in emergancies so I don't panic too much.

A few years ago at my earlier job I used to have one lad/bloke come up to me every week to borrow a couple of quid. He always paid it back but I got fed up as sometimes I was left short and never thought to ask anyone I worked with for money. So one week I said to him what you owe me keep then you won't need to ask next week. He never did.

[Kent Fox]

I haven't voted.

Only because I can't decide if my huge debts are manageable or if I'm screwed.

[Guest]

Only my mortgage.

[Manwell Pablo]

Student Loan.

Aside from that 700 pounds, 500 if which is interest free and doesn't need to be paid back till June.

Very poor at the minute.

[James.]

I was a little, well, "excessive" at university and as such left in 2003 with a student loan of about £12,000, a personal loan of £10,000 and an overdraft, no make that 2 overdrafts, totalling about £2,000.

God knows how much of my student loan I've paid but it certainly dents my pay packet each month, my overdraft is cleared (ish) and my personal loan will be gone next year.

Just that £3,000 on the credit card I need to think about next then.

So much for being a (near-qualified) chartered management accountant! Thing is, as long as you have a degree of control, debt shouldn't be outright avoided. It can be very useful. And a lot of fun.

[Ric Flair]

I owe bit's and pieces, but I can see me oweing more and more in years to come. Got a mortgage I want shot of as well.

[Daggers]

Just over year ago I had nothing but a student loan - now the Family Daggers has a mortgage, a couple of cards and cheeky little overdraft...so goes it when you've spent your savings and have no income.

If I don't get a job in 18 months we are going to have to run away to South America again.

[lookwhaticando]

My credit card is my only source of debt, and only for short periods. Whatever is put onto my card is paid off at the end of the month. Manageable in the extreme.

I spend what I have on my credit card because I can't be arsed to keep track of my actual money (in current and savings accounts) - so I can never be sure if I can take cash out or pay with debit (because I'm never sure if I have any money in my current account). I also hate cash transactions, so it's really just a case of not being arsed to use debit.

I pay for everything possible on my credit card, and then I pay it all off at the end of the month. Besides, to use my debit card instead would cost me $10's of dollars a month as I far exceed the 25 transactions a month I get on my account.

[Alexikokopops]

Just the student loan and my overdraft at the moment, so about £12000.

Keen.

[Trumpet]

Under 18 - I usually have a £40 overdraft to pay out each month. Crazy amount.

[Lord Nibblington]

I'm desperately trying to get more debt right now.

I need a student loan to cover my tuition fees, and they're still deciding if they're going to to give it to me. Bastards.

[Rincewind]

What is there to think about? They only have to look at the majority of past and present students to see whether it is viable to lend huge amounts of money to a potential uni student.

[Lillehamring]

joint mortgage and student loan, thanks...

[Matt]

Over 18 (20), Got a stable job, Qualified, Got a 3 year old VW Golf (paid off), Saving for a house/Or possibly traveling, No debt!

Although if and when I do make the move for the house But its the only debt I will and want to have.

[BigGibbo]

Over 18, Got a stable job, Qualified, Got a 3 year old VW Golf (paid off), Saving for a house/Or possibly traveling, No debt!

Although if when I do make the move for the house But its the only debt I will and want to have.

Smug Bar steward

Im alright only about 3 G's of easily clearable debt so far

[DB11]

I'm under 18 and make around £60/£80 a month so that's good enough for me

[NorthernFox]

Went Bankrupt in 2000 through two redundancies and an excessive EX.

Sold flat in 2005 and paid the lot off plus the balance of £9,000 went to the government in Admin fees.

Now even though I could I don't buy anything unless I have cash.

Once bitten and all that (Plus new wife doesnt want £150 jeans every week)

[Webbo]

Mortgage, car loan and small overdraft(which will be paid off when I'm paid what I'm owed). I got a credit card when I went to America but there's nothing owing on it now.

[josedob]

Mortgage - car - and lots of stupid nights out in my mid-20s that I'm still paying off.

Paid off my student loans last year (what a relief).

The saddest part of it all is that I work in a U.S. equivilent of a UK student welfare/access office at a University. My job is basically to help advise students not to go into debt! You'd think I'd have learned my own lessons. (Do as I say, not as I do, right?) The Mrs. and I are slowly getting back to a comfortable level.

[stez]

I been laid off from work my rent is due (untrue)

My kids all need brand new shoes

So I went to the bank to see what they could do

They said son looks like bad luck got a hold on you

Moneys too tight to mention

I cant get an unemployment extension (untrue)

Moneys too tight to mention

I went to my brother to see what s/he could do (for brother read sister)

s/He said brother Id like to help but Im unable to

So called on my father, father

Almighty father, he said

Moneys too tight to mention

Oh money money money money

Moneys too tight to mention

I cant even qualify for my pension

Were talking bout reaganomics

Oh lord down in the congress

Theyre passing all kinds of bills

From up there on capitol hill, weve tried it (whitehall)

Moneys too tight to mention

Oh money money money money

Moneys too tight to mention

Cutbacks!

Were talking bout the dollar bill (pound note)

And that old man whos over the hill

Now what are we all to do

When moneys got a hold on you

Moneys too tight etc.

Were talking bout money money

Were talking bout money money

that's about the size of it in this house.

[Ashley]

Under 18