What do you have to show for your debt ??

Moglet

I've got quite a lot of things that would bought during my time in debt (2000 - 2006). Household goods mainly, fridge, cooker, washer, bed, wardrobes, sofa, PC, desk etc. The rest was taken up with general living expenses, food, petrol etc.

My OH who still is in debt and had over £60k when he entered his DMP plan over 6 years has nothing to show for it because his ex kept everything except the debt.

Nargleblast

Expenses from divorce action, reduced income during training period, some extravagant purchases (like a once in a lifetime cruise which battered the hell out of the credit cards), general increased costs of living etc etc etc.

No good in moping about it, the money has gone for good. Now it's a life of monthly debt repayments (about 4 years left to go) and strict budgeting. At least I am now more aware of how I used to waste money, and this will be useful as things are getting harder for everyone now.

anh1904

My divorce, my new DW divorce, 4 kids, two cars, and very little else. A small period trying to build a business didn't help financially either.

winner12

Hi there
I know I have a huge headache a pile of letters that was once a forest a grumpy other half who thinks I was the only one living off credit cards but the only thing I do know what to do is say NO to the kids NO to family and friends when they are stuck and NO to my creditors when they harrass me to pay more so all I coming out with is the ability to say NO NO NO

alona1

Rock all, no fancy holidays or anything to show...

Most stupid thing was taking a £7k loan for the ex so he could buy a car, needless to say he still has the car, I still have the debt...

keelni

One newly renovated house
One stunning 3 year old Subaru Impreza
One not so nice 3 year old car
Brand new fitted kitchen and appliances
Lots of new furniture and gadgets
Leather sofa
New PC
Never been in debt in my life in fact was mortgage free by the time I was 26 now have lots of nice things a mortgage and loans.

Percy1983

2 low mileage resonably new cars (54 and 05 plates), a 40" TV, a good PC, a hi-def camcorder, nintendo wii, xbox 360, nintendo DS, video games, a nice DVD/HD-DVD/Blu-ray collection and many good memories!

Come to think of it I could sell everything I own and probably pay it all off, to a point I have sold a lot of stuff already with that idea, but I still want a lot of stuff hence why I still have it.

romylou_2

Wow Keelni impressive, MF by age 26!!! Thats Fantastic, im so jealous.

Well to show for my debt i have:

Mortgage
Car
Dog
Husband!!:rotfl:
Leather Sofa
Gas Fire

and I must have at least 1 sunny holiday per year (which Im going on in 4 weeks! :j)

Im trying to get debt free first and aim to tackle the mortgage starting in January 2011.

keelni

Like I said WAS mortgage free. Bought house at 18 paid for it by time we were 26. Lived mortgage free for four years then remortgaged twice now have a mortgage of £62,000 plus other debts.

Malky

A house and a car. Thankfully, that's all the debt we have.