How much debt were and are you in?

mssloan

To be honest I never really knew the full extent of my unsecured debts, just that I was in a LOT of trouble (although I've never significantly fell behind with my payments). I was able to pay off a big chuck about 3 years ago when I sold and rented back my flat (fortunately this was a private deal, not through one of those vulture companies you hear about, and I got close to market value). Though at that point I still hadn't been brave enough to sit down and add up everything I owed but my unsecured debts probably topped the £100,000 mark!

Now the picture is a lot healthier (after inheriting some money about about 18 months ago), with no secured debts and my unsecured debts now below £25,000, I am able to pay off a significant amount each month with the aim of being debt-free before the start of the Olympic Games (and the End of The World :rotfl:) in 2012!

mssloan

josephine82

When I joined this site on 27th April 2009 I was £3577 in debt.
As of 2nd October 2009 I am debt free!
I was helped by a small inheritance but mostly by breaking down my budget and sticking to it. Its helping me save now for a deposit for a house.

Nottoobadyet

dib-dab wrote: »

I'm 28 so know exactly what you mean about the debt feeling a lot for your age.

Oh dear, I beat you all!:eek: 22 here, with a debt that started around £13,000. I'm in a position to pay about half of it back now, and hope to be DF by the end of the year.

Im lucky in that I have no guilt about my debt - it was my MSc tuition, and led to a good job right away which has given me the income to pay it back. I've always been pretty good at living within my means (I've been working since I was 16, so dont really feel 22!) so hopefully after this year of frugalness push I'll be back on track to staying DF....

catmiaow

Joined here in 2008, I was in £12,000 worth of debt. Now in £3000 worth of debt, which with savings I will be paying off end of March. :j

Madison

£48,000
First payment to DMP in November 2003, only two more payments to go and then I'll be DEBT FREE.

debtdesperado

£42k at my LBM (roughly... I was too scared to total it up at the time) in October 2008. Now my debt is just over £21k. Should be paid off completely sometime in 2011 if I go hell for leather at it, but the big goal this year is to clear student loans (£2k) and my CC consolidation loan (currently about £8k). With a bit of luck and a fair wind I should also be able to clear my OD (£2k).

Then all that's left is my stamp duty loan (I know... doh!) in 2011.