Age/Debt?

dsljfreeman

Hi Everyone, well I'm 27, I first got into debt when I was 20 when hubby and I bought our first house, can you believe we bought our house for £36k 7 years ago :eek: how prices have soared. Anyway we soon realised that things break and need to be repaired and that was the start of our debt journey.

Our debt currently stands at approx £45k, £33k of that was spent on house renovations and is secured on the house, the rest is all unsecured debt made up of overdrafts and credit cards. My main aim is to be rid of unsecured debt first then work on secured loan then mortgage.

I would love to be rid of unsecured debt in the next few years, maybe by December 2009, we don't have a lot of disposable income at the minute so I'm just guessing by today's incomings, but who knows what will happen next year. I've been quidco'ing like mad but any payout that comes from these kinds of areas will be put straight onto debt payment, so I may pay it off sooner.

I know I always refer to everything as 'I' and not 'We', the reason I do this is b'cos it's easier for me to write posts, my hubby is very involved in being debt free but I deal with all our finances, hubby just earns the money and I pay the bills, the poor bloke is away for the second weekend in a row earning money and I'm sat at my computer never mind xx

consultant31

southernscouser wrote: »

26, male, tall, dark hair, handsome, GSOH, own teeth and hair.

27 next year when I will be debt free!

Ha! I would be more inclined to believe this if you did not sound so perfect (tall, dark and handsome????). I notice the virtue of modesty wasn't mentioned :rotfl: :rotfl: :rotfl:

Penny-Pincher!!

Hi

I've just turned 33 and have been in debt since I became disabled/ill nearly 3 years ago. OH & I used to be on a very good incomes, so spending on CC's were always paid in huge chunks and we were never I suppose in true debt. When I wasnt able to work anymore and had to give it up OH became my FT carer and we had to claim Income Support.

We have moved the debts from one deal to another but gaining new credit has been hard, but our debt is relatively small compared to most and wil be paid up by the end of January 2008:j :j :j :j :j

PP
xx

mrsspendalot

I am 27 and have been in debt since I was 18. I got a credit card, a topshop card and an overdraft. I will be debt free next year, hopefully before I turn 28 in July.

zcrat41

I'm 26 and have been in debt since leaving Uni - not for paying for my course but for partying far too hard. Will be debt free by by 27th birthday in Feb and then be saving for a mortgage.

PasturesNew

southernscouser wrote: »

26, male, tall, dark hair, handsome, GSOH, own teeth and hair.

What he needs is a stabilising older woman influence in his life. . .

47/£0 debt.

continualdiamond

I'm 25 and been in debt since i was 22. It all happened when my partner and i lived were renting a mobile home, it was horrible and the land lady was not replacing our plot with a new one for 2 yrs so we just had to get out and rent a 'house'. Our bank wouldn't increase our overdraft by £800 to give over a deposit for a private rented house, but gave my partner a £4000 limit credit card :rolleyes: .

After that it's gone haywire. Hope to be debt free in 5 yrs, so when im 30 :eek:

Well that doesn't include the mortgage, but our unsecured debt will be gone.

MushyPeas

Hiya I'm 33, got in debt when I was 21 when moved to London with my OH...he had job...I didn't, we both instantly got approved credit cards and it went downhill from there.

Debt at highest was around £14K, wish I had known about this site back then, worked my a*se off getting rid of it, paid last debt of £300 off the day I split up with OH, I was 29. Funny that!!

Gemmzie

Been in debt since I was 17, £3.5k at most at 19, cars and bad health costing a lot. Will be debt free in January when my student grant comes in (last £700)

Am still totting up a student loan but I'm not counting that as I have most of my grant saved

immoral_angeluk

I'm 22 and hubby Ste is 28... 29 a week tomorrow actually!