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What's the biggest debt repaid on the Forum?
Comments
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Time_to_face_the_music wrote: »I really don't get this my debt is bigger than yours thing because it's all so relative to income etc. Someone's debt of £100K may be less significant than someone else's £10K due to disparity in circumstances.
Please let's celebrate everyone's success equally and not make it bigger and more is best.
TTFTM x
What you say is true, I agree, but that issue aside, I think MSE Andrea is just looking for the highest figure someone has repaid, nothing to do with debt in relation to income, with respect, that wasn't the question.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
The highest debt was MrsCMR and on her sig it states she was £581,000 in debt and is now debt free.House renovation savings £25,000/£25,000
Emergency fund £1000
When you hit rock bottom the only way is up!
If you believe in yourself you can climb mountains0 -
I guess it depends whether or not people include their mortgage.Dave Ramsey Fan[/COLOR]0
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A mortgage is very much a debt so seems reasonable to include it. I certainly would!
I doubt someone had £581k of unsecured debt! Unless they had a substantial income far in excess of that number!Thinking critically since 1996....0 -
The highest debt was MrsCMR and on her sig it states she was £581,000 in debt and is now debt free.
This one? Threads started by mrscmrFree/impartial debt advice: National Debtline | StepChange Debt Charity | Find your local CAB
IVA & fee charging DMP companies: Profits from misery, motivated ONLY by greed0 -
I repaid just under £50,000.
It took about five and a half years through a DMP with CCCS/Step Change.
That's fantastic! Do you have a DFW diary?Could you do with a Money Makeover?
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I think everyones progress and achievements are amazing! First step is admitting your problem and then working towards it is amazing! We all have different backgrounds so those who are unemployed trying to pay off short amount compared to those with high pay and paying off thousands.
We are all in this together and working hard
long may it pay off :P x Debt (1/9/14) £6,702.11 Debt free (30/11/2016) mortgage port- £70,077.82 and mortgage £126,517.39 o/s currently
Debt - £17,190.83 (29/7/22) now (19/8/22) £16,688.800 -
Morning
Totally agree with Mrs TTFTM sentiments.
I cleared £59214 debt and £5871 interest totalling £65085 in full using a DMP, initially with SC and then self managed. Took four years and three months and I couldn't have done it without this place and support from the debt free wanabees threads.
HHx0 -
The £581k is eyewatering..........im at 40k and even then im spending £1700 a month on it? £581k even with no interest would be crazy repayments, away to read through some of that thread:eek:Living frugally at 24 :beer:
Increase net worth £30k in 2016 : http://forums.moneysavingexpert.com/showthread.php?p=69797771#post697977710
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