How bad would you class this debt?

Leon_Telford

Crippling?

Bad?

Average?

£1600 Overdraft

£5700 Personal Loan

£850 Barclays Finance (Laptop)

£900 (Credit Card)

Making payments on all.

Just trying to get a basic idea how bad you would consider this.............

laidbackgjr

On a Premiership Footballer's salary, nothing to worry about, on Min Wage salary moving into the bad category.

You need more context to help answer the question, are your debts increasing (bad) or decreasing (good). What other costs have you got, mortgage, rent, car etc.

Yargo1

Hi it's about my amount owed at my light bulb moment, to be honest not that bad - probably an average amount owed by many.

I've been on here for a few years now and keep lapsing with my money saving But am under 5k now- you can do it !

Everyone on here is so helpful and friendly and lots of amazing tips tried and tested to sort out our situations .

Mrs_Arcanum

On my wages - Bad
On DHs wages - not a problem.

His wage is more than 3x mine.

Leon_Telford

I pay board as moved back in with parents thats the only debt I have in my life listed above.

Don't drive so no car either.........

Leon_Telford

Time to time I have a 'debt attack' basically just hit a debit hard, next month be the credit card and will just hit that £300 off the balance so that be £600.

DS4215

If you have the money left at the end of the month to make an extra payments towards your debts, put it on the one with the highest interest. That will usually be the credit card, but in your case it could be the finance for the laptop.

Leon_Telford

The thing is that pays itself as I pay £30.90 a month via DD as agreed when I took the Credit out, though could pay extra to get that out the way.

the_cat

Well if it's bad enough that you have moved back in with your parents, I'd say it was between bad and crippling. It is restricting your life choices

What has it all gone on? If you don't drive and live at home, your expenses should be far lower than average, yet your debt is not.

Leon_Telford

the_cat wrote: »

Well if it's bad enough that you have moved back in with your parents, I'd say it was between bad and crippling. It is restricting your life choices

What has it all gone on? If you don't drive and live at home, your expenses should be far lower than average, yet your debt is not.

Me and ex partner split up!

Plus rather live at home as work next door to my folks place, makes sense for now.

Sadly in my younger 20's I enjoyed the 'Playboy Lifestyle', Ibiza etc etc you name it I did it!

As I near 30 my lifestyle has changed, gone has the party lifestyle of partying and clubbing.

Guess I'm just growing up, finally!

I make around £1200 a month, however just got a new job working abroad for a well known travel company for the holiday season as a Finance Administrator, health wise (touches wood) and very good track record CV so hopefully I'll be OK in the end.

Leon_Telford

For example I had two years ago an iPhone (as soon as the 3GS come out) and my bill was around £120 on average a MONTH, now I have a £30 SONY Cedar on a month to month contract, average bill? £20-30.

Made stupid mistakes, however big enough to accept the mistakes I made and grow up and sort it out.

WHICH I WILL!