Debt - How much you have?

Undercoverguy · 31-08-2007 2:59pm #1

So guys, today i added up how much debt i'm currently in..... and it depressed me! lol But to make me feel slightly better about myself i thought i'd come on here and see how i compare!!! so above is a poll to see how much ya owe out..... kinda just a rough figure but dont including anything massive like your mortgage.

So Phone, Medical, and Credit Card Bills. Personal loans, cars, money owed to people.

Hit me

I'm just gone twenty and own about 7,000

_blank_ · 31-08-2007 3:01pm

Undercoverguy wrote:

I'm just gone twenty and own about 7,000

I wish I owned seven grand tbh.

I owe two and ahalf grand on my CC, and another three grand to the bank for a loan.

No mortgage.

No car.

No kids.

:cool:

Can anyone offer some financial advise to be though? On how to eradicate my debt?

Stark · 31-08-2007 3:02pm

€0. Hope that makes you feel better.

Ruu_Old · 31-08-2007 3:02pm

Not including mortgage which is feck all. About $100 on the credit card, thats it. Luckily it only has a $500 limit otherwise I'd be in trouble. My Paypal is linked to my bank account and that gets used often enough as well.

Cuddlesworth · 31-08-2007 3:02pm

Firsly, there is no poll
Secondly, there is no spoon
Thirdly, get a damm job you hippy.

AlmightyCushion · 31-08-2007 3:03pm

I probably have a hundred or so on the credit card but once the bill comes in that'll be paid so I don't really count that. Apart from that, my brother owes me €20 and my friend owes me €30 so I'm in the black.

Maple · 31-08-2007 3:03pm

about 10gs. don't have a house or children. just my trusty banger of a motor and myself.

AlmightyCushion · 31-08-2007 3:04pm

DesF wrote:

Can anyone offer some financial advise to be though? On how to eradicate my debt?

Fake your own death.

Joeface · 31-08-2007 3:05pm

Hmmm

Mortgage 197,000
Credit Card 650
...Will have a new car loan cause i killed may car so around 6000k

feel better now

Orange69 · 31-08-2007 3:05pm

No mortgage, no kids.. and i own $100k in savings/investments...

How to eradicate debt? Wow thats a tough one..mmmm.. how about..

STOP SPENDING MONEY YOU DONT HAVE!

Huggles · 31-08-2007 3:06pm

158,200 mortgage

AlmightyCushion · 31-08-2007 3:07pm

Joeface wrote:

...Will have a new car loan cause i killed may car so around 6000k

That's one expensive car.

corglass · 31-08-2007 3:08pm

i owe??? Including my bank and credit cards and stuff.

I owe yer ma

watna · 31-08-2007 3:09pm

I owe about €8,000, in a loan and some on my Credit Card, but I'm paying a good bit off every month. Should be debt free within a year or so. The thing is, you're always going to be in a little bit of debt. Once you pay off your loans you get a mortgage and then you're in debt for life. I just make sure I pay some off every month, so it's reducing all the time, or else i wake up at night in a cold sweat.

Pompey Magnus · 31-08-2007 3:10pm

I have to pay off €1.98 on my credit card, does that count?

Owen · 31-08-2007 3:10pm

Thankfully, no debt at all. I cleared everything in the last year, both credit cards are empty (Although, one always was), and my bikes have been cleared too. I'm about to hop on the merry-go-round with a car again soon though!

Maple · 31-08-2007 3:11pm

Orange69 wrote:

No mortgage, no kids.. and i own $100k in savings/investments...

How to eradicate debt? Wow thats a tough one..mmmm.. how about..

STOP SPENDING MONEY YOU DONT HAVE!

bite me.

Undercoverguy · 31-08-2007 3:11pm

The poll wouldnt add for some reason lol

Anyways mine is:

€4,000 left on a car loan
€1,000 on the mastercard
€1,500 Nosejob Bill (Dont ask - but big sporting accident)
€1000 Quinn Direct Balance for Car Insurance
€300euro to O2

Thats it..... I just underguess at €7K lol

Stark · 31-08-2007 3:15pm

DesF wrote:

Can anyone offer some financial advise to be though? On how to eradicate my debt?

Eat less and get more exercise. Woops, that was for a different question

missmatty · 31-08-2007 3:15pm

Got paid today so paid off credit card which included the rest of my car insurance, so that's zero.

No mortgage.

No kids.

1300 in credit union.

Paying off 4k car loan at the mo, but that's all really.

Rob_l · 31-08-2007 3:16pm

i owe about €450,000 but its cool I never intend paying any of that

kmick · 31-08-2007 3:16pm

Equity 20k
Debt 600k

Total Equity (580)k

EdgarAllenPoo · 31-08-2007 3:21pm

€218.

Undercoverguy · 31-08-2007 3:24pm

I hate u all and ur savings lol

flo8s967qjh0nd · 31-08-2007 3:25pm

ZERO

Ahhhh, you're right, I feel better already

TIP: For those who are in debt (excluding most of those with mortgages), here's a novel idea: stop buying things you can't afford!!

PeakOutput · 31-08-2007 3:29pm

as of now i am in the black.....as of last week i owed 4K but i saved up 8K to cover the debts and my next year in college so i am now 4K in the black.

also today is my last day in work until next june and im just about to go home.........

my summer is only about to begin

mike65 · 31-08-2007 3:33pm

Zero zip nada nothing.

Mike.

Saibh · 31-08-2007 3:36pm

in debt just about €20,000

car loan 5,000
credit union loan 11,000
credit card 4,500

i'm thinking of getting a loan to cover all. never get a credit union loan again forever paying it...

very hard to get them clear, think i might go for one loan for all any suggestions

jimmychin · 31-08-2007 3:37pm

a wise man once said...

"those who die without any debts haven't lived"

thebman · 31-08-2007 3:37pm

L1011 · 31-08-2007 3:38pm

about 1800 quid to the BOI if you count the interest on the rest of the term.

Car insurance and tax paid till this time next year = about 1700 quid value I won't be paying monthly till then, so about 100 quid when one cancels the other.

Equity wise I have 8 grand of car deprecating on me, music and DJing hardware worth just shy of 10k, and a few grand in varying bank accounts.

Creamy Goodness · 31-08-2007 3:39pm

i owe...

€467,000 <- mortage.
€110 <- credit card.
€50 <- brother.

i own atm...

€700 <- current account

Fey! · 31-08-2007 3:43pm

About €3k on the auld mastercard, and about €144k on the mortgage.

Don't owe anything on the car, nothing on finance, have an overdraft but not using it, and have enough to clear the credit card.

So, basically, just the mortgage, which means I also have decent equity. Have a car and some decent camera equipment, all paid for.

And I'm 31.

To eradicate debt; if you have several loans, try to consolidate them through whoever is charging you the lowest interest.

ie; loan 1 = 1000 repaying 100 per month with 12 months left = 1200
loan 2 = 2500 repaying 150 per month with 20 months left = 3000
loan 3 = 4000 repaying 250 per month with 18 months left = 4500

total = 7500 , paying 500 per month, total 8700

Consolidated, 7500 repaying 450 per month over 18 months = 8100
Leaving payments at 500 per month over 16 months = 8000

The above is just to give you a very rough idea of what you could do; shop around with the banks/credit unions for solid figures.

Pigman II · 31-08-2007 3:46pm

€0.

Although I do owe a debt of gratitude to my parents for raising such a wonderful son.

Roar · 31-08-2007 3:48pm

Im not in any debt at all, well barring the usual monthly bills for rent, sky, internet, phone, gas, elec, health insurance. Should be buying a car shortly so i'll be in debt then i suppose, but until then im debt free..

Joeface · 31-08-2007 3:49pm

actually this reminds me of how i was actually Debt free at the start of the year

No loans
No Credit Card over draw
No Mortgage
10k in the bank

had come form debts of about 16k to been +10 and then bought a house and then wrote of me car

yeah not a good third quarter to the year

Flukey · 31-08-2007 3:51pm

No kids. No car. No mortgage. A few quid on the credit card, which I'll pay off next week. Guys, we are lucky people. Get out your credit cards and click on my link in my signature and help me to help others who do have real problems. Thanks.

Rexelac · 31-08-2007 3:53pm

Just about 2 grand left on a credit union loan

bill_ashmount · 31-08-2007 3:53pm

About 1/4 million

(including mortgage)

Mrs. MacGyver · 31-08-2007 5:34pm

Never been in debt ...ever.

nesf · 31-08-2007 5:36pm

Not including the mortgage, I owe 23 euro on my credit card...

gibo_ie · 31-08-2007 5:45pm

just over 1.3m owed on three mortgages (dont ask) but apart from this im pretty much in the black for a few years..

Binomate · 31-08-2007 5:46pm

I owe nothing, and I plan to keep it that way.

besty · 31-08-2007 6:37pm

Circa €7k

Rb · 31-08-2007 6:49pm

Binomate wrote:

I owe nothing, and I plan to keep it that way.

Waiting 'til your parents die to inherit a house is not cool.

Desf: Get a loan to payoff the credit card and then bin the CC, the repayments will be cheaper.

I owe €1100 on my credit card, but I have about €3K disposable cash, ~€500 owed to me from a pension refund, about €150 personal debts so I'm not in bad position.

mike65 · 31-08-2007 6:56pm

jimmychin wrote:

a wise man once said...

"those who die without any debts haven't lived"

A wiser man said "Neither a borrower nor a lender be"

Mike.

rossie1977 · 31-08-2007 6:59pm

€4000 on CC but it was worth it, saw some great cities

zuutroy · 31-08-2007 7:55pm

I talked to Mike at Picture. Now instead of paying 1000 a month for 5 years, I'm paying 500 a month until Dublin is on the West coast of Ireland. They're wonderful people.

Stark · 31-08-2007 8:04pm

rb_ie wrote:

Waiting 'til your parents die to inherit a house is not cool.

You need to be proactive and get poisoning them now, instead of sitting around on your fat ass

Mrs_Doyle · 31-08-2007 8:13pm

I have a graduate overdraft of a Grand,and that's it. That's not so bad really

Terry · 31-08-2007 8:38pm

I owe my cousin twenty quid.

Debt - How much you have?

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