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How Much Debt Are You In?


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1. Do you have more debt now then you have ever had?

Absolutely debt free.

2. How much up or down has your debt fluctuated over the last 4 years?

Recently paid off a small oustanding fixed rate loan used to buy a car (required rather than wanted). 15k savings as FTB.

Future plans:

- Watching all financial events unfold with hope that I can buy a place for my family!

- Staying in employment.

- Getting married in the summer for under 3k. All paid for. ;)

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1. Do you have more debt now then you have ever had?

No, have 0 debt at present

2. How much up or down has your debt fluctuated over the last 4 years?

Has only fluctated when I have had a CC bill to pay which always gets when it is due so I guess the answer is 0

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37, Married with 1 newborn. Born in gutter with a childhood and teenage years of no phone (landline or otherwise), no holidays, no car, no heating ("wear another jumper"), home made clothing living in a damp rented 1 bed flat in London. Mums rented flat was repossessed in 1995 (landlord failed to pay mortgage) and Mum, my sister and I was made homeless

In desperation worked for no pay (except tube fare) for a private bank as a programmer for 3 months to gain work experience and, after hard work, was rewarded with a 6 month contract for £450pw (not bad for a 24 year old back in 1995).

Worked hard ever since. Except for my student grant, NEVER claimed state benefits, even when homeless.

Bought 3 bed terrace house in SW london for 113K in 1999, wife bought 2 bed terrace in lancashire for 35K

in 1996, got married in 2005 and we sold our houses and bought a 6 bed detached in east herts in 2006

- the house is a family home, not an investment. Currently have 220K mortgage with 12 years to go (never MEW'd)

No other debts

25K cash, 30K in shares with my employer

>110K joint income

Just to show that with hard work you can make it, even if you're dealt a poor hand at the start.

edited for spelling

Edited by Furry Giraffe
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debt- 0

income -0

savings, declining.

I purchased my first house very young, struggled like crazy during the last recession, working full time, overtime and extra nursing jobs.

The house was paid off 8 yrs ago, I then remortgaged and purchased a flat for my father to have somewhere settled.

Through injury, I lost my job, I did get a pay out and paid what was owing 3 yrs ago.

Since then relationship break up has cost me financially and although I am recovering from surgery due to the injury I am entitled to zilch on our benefits system.

I am called a liar as I refuse to ask my father for rent, yes, there are ways around it but I dont want any pressure on him.

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37, Married with 1 newborn. Born in gutter with a childhood and teenage years of no phone (landline or otherwise), no holidays, no car, no heating ("wear another jumper"), home made clothing living in a damp rented 1 bed flat in London. Mums rented flat was repossessed in 1995 (landlord failed to pay mortgage) and Mum, my sister and I was made homeless

In desperation worked for no pay (except tube fare) for a private bank as a programmer for 3 months to gain work experience and, after hard work, was rewarded with a 6 month contract for £450pw (not bad for a 24 year old back in 1995).

Worked hard ever since. Except for my student grant, NEVER claimed state benefits, even when homeless.

Bought 3 bed terrace house in SW london for 113K in 1999, wife bought 2 bed terrace in lancashire for 35K

in 1996, got married in 2005 and we sold our houses and bought a 6 bed detached in east herts in 2006

- the house is a family home, not an investment. Currently have 220K mortgage with 12 years to go (never MEW'd)

No other debts

25K cash, 30K in shares with my employer

>110K joint income

Just to show that with hard work you can make it, even if you're dealt a poor hand at the start.

edited for spelling

You couldn't do it now. That's the problem with the bubble. We should live in a society where hard work is rewarded and people can pull themselves out of the gutter.

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1. Do you have more debt now then you have ever had?

2. How much up or down has your debt fluctuated over the last 4 years?[/b]

1) Neither me nor my other half have any debt.

2) What debt we had four years ago has been completely repaid from savings.

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I borrowed a fiver from my brother yesterday, does that count? :D

Otherwise: nada. Zip, zilch, diddly squat. No store cards, credit cards, overdrafts, loans or mortgages: I owe not one single, solitary penny to anyone, anywhere, and it's a great feeling. My house-deposit fund, meanwhile is growing nicely, held mainly in PMs / NS&I / cash.

If someone who shall remain nameless hadn't just arranged for me to be taxed to buggery and back for the rest of my life to bail out some spivvy so-called "bankers", I'd be feeling quite chuffed right now...

Edited by pideypuss
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debt- 0

income -0

savings, declining.

I purchased my first house very young, struggled like crazy during the last recession, working full time, overtime and extra nursing jobs.

The house was paid off 8 yrs ago, I then remortgaged and purchased a flat for my father to have somewhere settled.

Through injury, I lost my job, I did get a pay out and paid what was owing 3 yrs ago.

Since then relationship break up has cost me financially and although I am recovering from surgery due to the injury I am entitled to zilch on our benefits system.

I am called a liar as I refuse to ask my father for rent, yes, there are ways around it but I dont want any pressure on him.

I hope thngs work out you deserve it doing the right thing by the old man

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I think as others have said you will get a totally biased result from asking in these boards. I always lived frugally so never got myself into debt, working whilst I was at Uni, and renting cheap, eating badly and saving every pound I could. Then I met my partner almost a decade later who inherited her gran's 300k apartment at 21 (we're both around 30 now, and the gran's still alive but already has another two properties), and so I ended up mortgage and rent free... which was nice.

If I was you I would make sure she is something other than a partner sooner rather than later............otherwise you might be a FTB ;)

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Around £10k student loan which I won't ever pay off unless they change the earning criteria.

Around 10k in savings

Around 2k 0% overdraft

Some on CC which gets paid every month.

Don't pay tax as I don't enjoy working however will no doubt be accountable for national debt though stealth taxes like inflation.

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Sorry, PoP should have been clearer. Starters, rougan josh & pilau rice, chapati and garlic nan, coffee and malt whisky for 2. The Red Fort, Drummond Street, Edinburgh. Very tasty and reasonable - even let you bring real ale in from the pub next door if you can't abide fizzy lager.

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Sorry, PoP should have been clearer. Starters, rougan josh & pilau rice, chapati and garlic nan, coffee and malt whisky for 2. The Red Fort, Drummond Street, Edinburgh. Very tasty and reasonable - even let you bring real ale in from the pub next door if you can't abide fizzy lager.

Nice work. However you must like an ice cold Cobra with a ruby ? Delicious. My beer of choice - along with Best.

s_cobra-beer.jpg

Check out the head on that !!

3315540927_b738580193.jpg

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That's a really simplistic and cynical way of looking at things ?? :blink::blink:

Maybe s/he enjoyed doing that MBA and derived a lot of satisfaction from it. Far more fulfilling than stacking shelves for an extra x hours per week. Maybe there was nowt on offer at the end : so be it !

Good on yer OP - I'd do the same.

If the person running your business has an MBA, get out quick because the building is already on fire.

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  • 439 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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