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One Debt you wish you didn't agree / sign / didn't do!

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Comments

  • natters_2
    natters_2 Posts: 306 Forumite
    I wish I had never taken out any of them - the worst for interest would have to be the car HP - the worst to deal with MBNA
  • CAFCGirl
    CAFCGirl Posts: 9,123 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Mine would be loan with Abbey for debt consolidation.

    Suckered in to getting PPI as well. So on a £3k loan I'm paying back £4800 (ARGGGGGGGGGHHHHHHHHHHHHHHHHH!)!!!!

    Plus consolidated and then still ran up the credit cards again! Should just have stuck with the credit cards because annoyinly I would have paid off the original balance by now!!!!

    Glad to say I've learnt tho!!!
    Wealth is not measured by currency
  • piggeh
    piggeh Posts: 1,723 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Cant really say any of my debts were more of a pain than any other. But the worst money decision was going to uni and never being able to finish. £16k of debt with nothing to show.
    matched betting: £879.63
  • buxtonrabbitgreen
    buxtonrabbitgreen Posts: 2,856 Forumite
    1,000 Posts Combo Breaker
    HSBC loan with PPI and 18% internest only 2 more payments. £2000 I think has cost aobut £4000 pity I didnt know about this site then.
    Anyone who lives within their means suffers from a lack of imagination:beer:

    Oscar Wilde
  • seven-day-weekend
    seven-day-weekend Posts: 36,755 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Although not a great rate of interest, it really went against my better judgement to take out a £5000 mortgage on our mortgage-free home to do some repairs. It did need them, but we could have saved and/or done them bit by bit. Hubby persuaded me the mortgage was a good idea.
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • tote_alley_stressed
    tote_alley_stressed Posts: 139 Forumite
    MBNA deffo.
  • LookingAhead
    LookingAhead Posts: 4,633 Forumite
    Consolidation loan I took out April 2005 with Sainsburys.

    Stupid stupid stupid!

    Although the APR was the lowest around at the time, I didn't know about snowballing at that time or have the motivation that I have now thanks to this site.

    Now it is just a big fat albatross around my neck. The loan that is, not this site....
    Bank Balance: In the black for the moment.
    Sainsburys Loan: Cleared July 2010
    Credit cards: AMEX Airmiles Card: direct debit set to clear balance monthly
  • looby75
    looby75 Posts: 23,387 Forumite
    a £3000 loan I took out for a relative who is no longer able to pay it back :(
This discussion has been closed.
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