How much debt do you have and when do you expect it to be paid by

lisabell

I am looking for some inspiration have been trundling round this site for a while Im on a DMP and my debt is bad i was just wondering and enquiring about how much debt people have and how long they expect it will take them to pay it off.If you dont want to state debts thats fine but just how long do you think you will be paying your debts off for.
Thanks Lisa

I might aswell go first
I have £70 k debt not including mortgage
And my DMP says 10 years to pay it off but we are aiming for 4 - 5 years.

Deep_In_Debt

I've got about 26K and my DMP said 9 years but as I am due to pay off my mortgage in 5 years, I intend to have cleared my debts before my mortgage free date.

angeldiva

Hey Lisa, I hope you are having a good evening.

I have just over £21k's worth of debt (see signature) This is 5 credit cards and 1 loan :eek: Im also on a DMP.

I expect it should be gone by October 2010 so watch this space.

thepinklady

Debt: Just under 3.5K

To be cleared: September/October 2008

lisabell

Thanks for your posts so far just needed some more inspiration to get off my bum and start paying even more off my debts, Me and my hubby just want to start living our lives again and not have to worry aout phone calls and bills.Thanks guys so far and for being so open good luck to you all you seem to all be on the right path.
Lisa xx

in2deep_2

60K.....the year 3000000000..

jenjade

my debt is quite small but so is my income and i am a single parent so it feels big to me.
my debt is just under £1,200 i am paying back £15 a week. and it does not occur interest. i was paying more but cut it back a bit to open a regular saver as that will get interest which i can use to pay off my debt to. i am not to stressed about it but it bugs me so i want it paid and put in the past. i was a debt of £23,000 !!!! AAAAHHHHHHHHHHH from department of work!!!! wow phoned them up today to see how much i owe and my debt is now only £947.80!!!! yeah

penguin83

We have 40472.58 (as a rough guess!) of debt and we expect it cleared by Dec 2011.

On top of that we also have a mortgage with 128,000 outstanding and has 22 years left to run.

Hopefully once the debts are paid off we can start overpaying on the mortgage - but that seems a long way off yet! x x

10past6

Hi Lisa

You ready for this, we owe £95,000 in unsecured debts, excluding mortgage.

We expect it to be cleared in 5 years, although we're on a DMP, we're in the process of an IVA.

southernscouser

Just under £9,000 now. Would have been paid of this year but gonna be renting my own place which is gonna set it back. At the minimum rate it will be another 2 years. But I hope to have it gone by this time next year! :doh:

poorandindenial

I owe £27k+ and plan on having it cleared in about two years. Like SS my DFD has just taken a bit of a hit because I have decided to live solo (my sanity being more important (just) than my DFD). It would have been cleared October 2009 but now is more like April-June 2010