Whats Your Debt ?
12 January 2003, 09:47 AM
#1
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Tiggs,
Glad to see u have ur priority's right m8
O/D
CC=
loans=none
Mortgage= 1/2 of Tigss but still scares the sh1te outta me every month
Car(both)= Paid for with ££££££
[Edited by Dazza01 - 12/1/2003 9:51:27 AM]
Glad to see u have ur priority's right m8
O/D
CC=
loans=none
Mortgage= 1/2 of Tigss but still scares the sh1te outta me every month
Car(both)= Paid for with ££££££
[Edited by Dazza01 - 12/1/2003 9:51:27 AM]
01 December 2003, 06:43 AM
#3
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Following on from Panorama and the other thread, I was wondering what debt most of you had? Here's mine
Loans 0
Credit cards 0
Store cards 0
Mortgage 433
etc.
Not too interested in the mortgage amount, but the monthly repayment may be of interest.
Loans 0
Credit cards 0
Store cards 0
Mortgage 433
etc.
Not too interested in the mortgage amount, but the monthly repayment may be of interest.
01 December 2003, 07:10 AM
#4
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I'm on a current account mortgage so I don't have a monthly payment. My whole income comes off each week, my spending goes back on. Amount outstanding should equate to around £290pcm over 18 years, but on this mortgage I should clear the lot in 3 years.
Do all spending on CC to keep account balance as high as possible to reduce interest on mort, pay full amount each month so no CC interest.
Do all spending on CC to keep account balance as high as possible to reduce interest on mort, pay full amount each month so no CC interest.
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01 December 2003, 09:51 AM
#12
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CC £1700 / £50pm
Morgage £81k / £530pm
Loans added together £6k / £240pm
other expenses too obviously like pensions and Council tax (cu/\/ts)
Morgage £81k / £530pm
Loans added together £6k / £240pm
other expenses too obviously like pensions and Council tax (cu/\/ts)
01 December 2003, 10:59 AM
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Ooo i can win this purely on the fact i dont have a mortgage but lots of debt still 
O/D: 0
CC: about 8k
Car: 9k left
Loan: 3.5k
Been doing some extra work in the evenings to try and get those CC's down!!! (NO I WONT SELL MY CAR 
)
Andy
O/D: 0
CC: about 8k
Car: 9k left
Loan: 3.5k
Been doing some extra work in the evenings to try and get those CC's down!!!
(NO I WONT SELL MY CAR )Andy
01 December 2003, 11:04 AM
#20
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Mortgage : 104k
Loans : 0
Credit Cards : 0
Store Cards : 0
Any other loans : 0
2 bikes/1 car/second home in France - I have sympathy for some of the individuals who have debts but certainly some are just guilty of greed and thinking they 'deserve it'.
Loans : 0
Credit Cards : 0
Store Cards : 0
Any other loans : 0
2 bikes/1 car/second home in France - I have sympathy for some of the individuals who have debts but certainly some are just guilty of greed and thinking they 'deserve it'.
01 December 2003, 11:57 AM
#22
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Mort - 68K/£240pm - interest only
CC - 2K/£50pm - gets changed to 0% every 6 months
Loans 6K/120pm - 5 year loan for GFs car and a bit for my Scoob
O/D - £100
Not bad really. Did have nearly 6K on CCs but pinched a bit of equity from the house (worth 110K this is Wales don't forget).
CC - 2K/£50pm - gets changed to 0% every 6 months
Loans 6K/120pm - 5 year loan for GFs car and a bit for my Scoob
O/D - £100
Not bad really. Did have nearly 6K on CCs but pinched a bit of equity from the house (worth 110K this is Wales don't forget
).
01 December 2003, 12:23 PM
#25
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CCs - £0
Car - bought new, cash
Other loans - £0
Any other debts - £0
Mortgage - into 6 figures, but probably less than 50% of house value
Savings / investments - let's just say they'd pay the mortgage for several years.
Will live with that for age 30.
Car - bought new, cash
Other loans - £0
Any other debts - £0
Mortgage - into 6 figures, but probably less than 50% of house value
Savings / investments - let's just say they'd pay the mortgage for several years.
Will live with that for age 30.
01 December 2003, 12:44 PM
#26
0 on cards/etc/blah
220k on house but equity is 1/3+
6k on wife's car but thats only 'cos its 0% interest & we'd prefer not to blow the capital on it, although we could.
I'm unemployed but insurance pays the mortgage at the moment & can afford not to get a job for a year or so without eating capital. Wife works, child @ private school all paid for next 3 years.
220k on house but equity is 1/3+
6k on wife's car but thats only 'cos its 0% interest & we'd prefer not to blow the capital on it, although we could.
I'm unemployed but insurance pays the mortgage at the moment & can afford not to get a job for a year or so without eating capital. Wife works, child @ private school all paid for next 3 years.
01 December 2003, 12:54 PM
#27
£1500 student loan at about 2% or something daft, been paying ages!
£4000 on 0% for life card, so why pay quickly!
Car loan for about 60% of car.
Not much else, income easily covers this with four figure some left so not worried.
£4000 on 0% for life card, so why pay quickly!
Car loan for about 60% of car.
Not much else, income easily covers this with four figure some left so not worried.
01 December 2003, 01:34 PM
#29
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How do you guys on the current account/mortgage type thing deal with savings?
I’m currently battling the logic of putting all my savings in to to pay off my Motorbike & Range Rover loan (c£5k)and then having NOTHING for a rainy day or to pay off the loan for a few months if I get made redundant etc
It makes no sense to pay interest and than have savings in reserve so I find that a tough one!
D
PS – sorry, don’t feel comfortable disclosing my debts here!
I’m currently battling the logic of putting all my savings in to to pay off my Motorbike & Range Rover loan (c£5k)and then having NOTHING for a rainy day or to pay off the loan for a few months if I get made redundant etc
It makes no sense to pay interest and than have savings in reserve so I find that a tough one!
D
PS – sorry, don’t feel comfortable disclosing my debts here!
01 December 2003, 01:37 PM
#30
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deisel - i would pay off the loan and then set up a direct debit to a savings account for the amount you spend on the loan each month. within a year or two you will have some savings and no loan, plus you will be getting interest instead of paying it.