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How much in debt are you?

PK2008

I know as a nation we're squillions in debt, but how much do you personally owe in loans (bank, personal or otherwise.....)

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sam34

none thankfully. had a few years of high personal debt which was hard to pay back, but finally cleared it about 2 years ago.

Molzer2

I thought I was in reasonable shape until I read this, I owe about 120k on mortgage, nothing else. I have a few bob invested and a few put away for a pension. I'm taken aback by the amount of people who owe nothing! Are ye all kids or what?
I'm 38.
Maybe we should ask what age brackets people fall into too.;)

offaly1

Owe bout 2grand to the credit union..... god damn heap of crap car!!!!(love you car, dont cease up on me yet.......) and bout a grand on the credit card...... worst thing ever the credit card is.....:-(

QuimWedge

I have some debts from uni which I'm paying back.

Currently stands at around £21,000

That's right, pounds behatches, the only currency that matters!:p

kippy

Didnt we have one of these threads a few weeks ago?
Why dont we all post our debt levels on our signatures as well as how much negative equity (if any) we are in?

At this stage or very soon into the future all of our individual debts will be the collective debt of the nation anyway.

Potential-Monke

Hmmm, where to start? I suppose with the cheapest...

€180 to O2 for cancelling my contract
€250 to my sister
€550 - €2500 to me mother (we both don't know how much at this stage!)
€45,000 to the Credit Union
€160,000+ to EBS for the mortgage!

And i'm only 27...

But i do have alot of stuff, car, house, big tv, surround sound, PS3, 360, Wii, €2500 laptop (XPS M1710 baby!)... I've put myself into this debt, but i enjoyed/enjoy what i got/get from it, so i can't complain.

Now that i think of it, i think i've been debt free for 3 months since i was 18... Ah well, wonder who'll give me money to get a flashy 2011 Merc? Could do with a 3D tv too, and a new suite of furniture/kitchen/garden/holiday home.

Raskolnikov

Molzer2 wrote: »

Are ye all kids or what?

I would say most people are students.

LighterGuy

Raskolnikov wrote: »

I would say most people are students.

.. and or unemployed

Dave147

Potential-Monke wrote: »

Hmmm, where to start? I suppose with the cheapest...

€180 to O2 for cancelling my contract
€250 to my sister
€550 - €2500 to me mother (we both don't know how much at this stage!)
€45,000 to the Credit Union
€160,000+ to EBS for the mortgage!

And i'm only 27...

But i do have alot of stuff, car, house, big tv, surround sound, PS3, 360, Wii, €2500 laptop (XPS M1710 baby!)... I've put myself into this debt, but i enjoyed/enjoy what i got/get from it, so i can't complain.

Now that i think of it, i think i've been debt free for 3 months since i was 18... Ah well, wonder who'll give me money to get a flashy 2011 Merc? Could do with a 3D tv too, and a new suite of furniture/kitchen/garden/holiday home.

45,000 is alot! You must have a pretty expensive car..

I'm currently in no debt although I was for years, 25 years old working full time for 7 years, have 2 cars worth around 17k altogether (one is for sale in my sig

), renting an apartment with 3 others costing 245 a month each, which enables me to save. I don't want to ever be in debt again, I was for years and it's like a suffocating feeling..

Tar.Aldarion

No debt but **** all money

gubernaculum

i'm 28 and have never had any debt but only 'cause i was lucky enough to recognise my complete lack of willpower so never applied for a credit card/loan. i worked minimum wage jobs for years so lived week to week and as joyless as it sounds it was always rent, bills, then fun. the whole debt trap is so easy to end up in though - remember being on public transport about a year ago and hearing some poor 22 yr old who'd just been let go from a shop telling everyone that they were 40,000 in debt. it sounded like some of the expenses were pretty stupid (nice car, luxury holidays to thailand etc) but why an earth did they approve her for 40 grand when she was working a < 9e/hr job?

p.s. should have probably have added that i'm not exactly lording it up despite my debt-free ways. have 2.40e in my current account at the moment but try to be sensible with money for the most part :P

Potential-Monke

Dave147 wrote: »

45,000 is alot! You must have a pretty expensive car..

I drive a 02 Mitsubishi Galant, worth about €2000 now i reckon.

It's a big loan, but it covered many necessary, and some unnecessary, needs. Went straight into college after school. it was a private college, so it cost €6500 for 2 years (and fook all from it!). Private because i had no interest in college, and didn't apply for anything relevant in the CAO. Mothers decision, and at 18 i didn't know any better (barely do now).

Paying that off from 18 to 23 years of age. I didn't drive until then, and needed to because of the job i started, so i had to get a loan on top of the rest of the one i was still paying off (i was paying minimal due to minimal wages). €1000 for the first bucket of joyous driving i got (1990 Corolla, great car!). Upgraded to a 00 which cost €3500. And upgraded to a bigger car due to more miles which cost €6500 (only 1 1/2 years ago!).

I did indulge on an XPS laptop, but gaming is my thing and someone was willing to give me the money to get one. All this time, i'm on a wage equivulant to an apprentership (sp?). And, Aug 09 i realised i'm going to be in debt for the foreseeable future and unable to have a holiday, so i made a final splash for a holiday to Orlando for 10 nights.

I now earn €500 net p/w, but realistically only have €150 p/w after mortgage/loan, and i have to pay bills, petrol (on a 2Ltr!), food, etc. If something breaks i'm screwed. Car tax is up the end of April, i've to find €620 from somewhere.

But, i'm not complaining. I put myself here, so i've no-one to blame but myself.

Vorsprung

About 170 million.

I'm only on 80k a year, the kids in school take up a fair chunk. After the expensive wine, upgrading the car and dinners out, can only afford to pay back about 100 a month.

Scraping by

Dave147

Potential-Monke wrote: »

I drive a 02 Mitsubishi Galant, worth about €2000 now i reckon.

It's a big loan, but it covered many necessary, and some unnecessary, needs. Went straight into college after school. it was a private college, so it cost €6500 for 2 years (and fook all from it!). Private because i had no interest in college, and didn't apply for anything relevant in the CAO. Mothers decision, and at 18 i didn't know any better (barely do now).

Paying that off from 18 to 23 years of age. I didn't drive until then, and needed to because of the job i started, so i had to get a loan on top of the rest of the one i was still paying off (i was paying minimal due to minimal wages). €1000 for the first bucket of joyous driving i got (1990 Corolla, great car!). Upgraded to a 00 which cost €3500. And upgraded to a bigger car due to more miles which cost €6500 (only 1 1/2 years ago!).

I did indulge on an XPS laptop, but gaming is my thing and someone was willing to give me the money to get one. All this time, i'm on a wage equivulant to an apprentership (sp?). And, Aug 09 i realised i'm going to be in debt for the foreseeable future and unable to have a holiday, so i made a final splash for a holiday to Orlando for 10 nights.

I now earn €500 net p/w, but realistically only have €150 p/w after mortgage/loan, and i have to pay bills, petrol (on a 2Ltr!), food, etc. If something breaks i'm screwed. Car tax is up the end of April, i've to find €620 from somewhere.

But, i'm not complaining. I put myself here, so i've no-one to blame but myself.

Ah fair enough, I'm big into cars so bought myself a 05 BMW 2 weeks ago, my Audi was guzzling petrol so decided to go for something more economical, diesel. I am on similar money but I've always been slow to spend vast amounts of money in one go. Have spent alot this year alright but with full time work my wages can cover alot of my expenditure. Have opened a savings account with Ulster Bank alright where I get 5% per annum, hope to have 10k in there by the end of the year, trying to stick to putting 200 in every week, we'll see how it goes

Potential-Monke

Dave147 wrote: »

Ah fair enough, I'm big into cars so bought myself a 05 BMW 2 weeks ago, my Audi was guzzling petrol so decided to go for something more economical, diesel. I am on similar money but I've always been slow to spend vast amounts of money in one go. Have spent alot this year alright but with full time work my wages can cover alot of my expenditure. Have opened a savings account with Ulster Bank alright where I get 5% per annum, hope to have 10k in there by the end of the year, trying to stick to putting 200 in every week, we'll see how it goes

I wish i could save that every week. Thats my problem, i've no money to be saving!

Vorsprung wrote: »

About 170 million.

I'm only on 80k a year, the kids in school take up a fair chunk. After the expensive wine, upgrading the car and dinners out, can only afford to pay back about 100 a month.

Scraping by

Welcome to AH Mr. Kelly.

macquarie

I owe 1 million dollars :-(

To this guy :

http://s.bebo.com/app-image/8807772365/8807751689/PROFILE/i.quizzaz.com/img/q/u/08/12/12/Dr_Evil.jpg

myflipflops

Potential-Monke wrote: »

I drive a 02 Mitsubishi Galant, worth about €2000 now i reckon.

It's a big loan, but it covered many necessary, and some unnecessary, needs. Went straight into college after school. it was a private college, so it cost €6500 for 2 years (and fook all from it!). Private because i had no interest in college, and didn't apply for anything relevant in the CAO. Mothers decision, and at 18 i didn't know any better (barely do now).

Paying that off from 18 to 23 years of age. I didn't drive until then, and needed to because of the job i started, so i had to get a loan on top of the rest of the one i was still paying off (i was paying minimal due to minimal wages). €1000 for the first bucket of joyous driving i got (1990 Corolla, great car!). Upgraded to a 00 which cost €3500. And upgraded to a bigger car due to more miles which cost €6500 (only 1 1/2 years ago!).

I did indulge on an XPS laptop, but gaming is my thing and someone was willing to give me the money to get one. All this time, i'm on a wage equivulant to an apprentership (sp?). And, Aug 09 i realised i'm going to be in debt for the foreseeable future and unable to have a holiday, so i made a final splash for a holiday to Orlando for 10 nights.

I now earn €500 net p/w, but realistically only have €150 p/w after mortgage/loan, and i have to pay bills, petrol (on a 2Ltr!), food, etc. If something breaks i'm screwed. Car tax is up the end of April, i've to find €620 from somewhere.

But, i'm not complaining. I put myself here, so i've no-one to blame but myself.

Wow.

If it wasn't for the admirable and rare fact that don't blame anybody else, you could be the poster child for Celtic Tiger Ireland.

Aoifey!

None, but then again I'm only in my first year of college..

Give me a year or two

pow wow

I forgot about my British student loans (because they don't really count

) so add about another 20k onto my original 'zero' answer.

Azureus

Nothing, but same as many I dont own anything either!
Was tempted to get a car loan but resisted-feck it the bus will do me!

Earn c €450 a week and have about €150-€200 of that to myself after rent, tax, bills etc... trying to save up for a holiday outta that. Anything I have that dont need Im trying to sell, and anything I dont need I dont buy (as a general rule of thumb, obviously there's exceptions) Luckily I was refused a credit card otherwise the discipline would definately have faltered!
Really feel for people up to their necks in debt, hopefully things will look up!

irelandspurs

Lots,

where's my rope

suicide_circus

Potential-Monke wrote: »

Hmmm, where to start? I suppose with the cheapest...

€180 to O2 for cancelling my contract
€250 to my sister
€550 - €2500 to me mother (we both don't know how much at this stage!)
€45,000 to the Credit Union
€160,000+ to EBS for the mortgage!

And i'm only 27...

But i do have alot of stuff, car, house, big tv, surround sound, PS3, 360, Wii, €2500 laptop (XPS M1710 baby!)... I've put myself into this debt, but i enjoyed/enjoy what i got/get from it, so i can't complain.

Now that i think of it, i think i've been debt free for 3 months since i was 18... Ah well, wonder who'll give me money to get a flashy 2011 Merc? Could do with a 3D tv too, and a new suite of furniture/kitchen/garden/holiday home.

Not judging or giving out but why would you buy things you cant afford? A home, education and car fair enough but getting into debt over anything else is just alien to me...but then I even refuse to have a credit card...if I dont have the cash right now, I cant have it right now tbh. That probably sounds preachy, dont mean to be, its your life.

alyuciao

This would have been a better thread if we had posted our ages as well.

42 not a cent

[Deleted User]

I started off with the Ulster Bank overdrafts in college... Then the AIB student credit cards, then the loans, then bigger overdrafts so by the time I started work, I was 9/10k in debt and all I had to show for it was lost money playing poker and an xbox. The rest was spent on drink, drugs and food.

My silliest loan was when I started work, I got another 2k loan for a 46" tv.. By the time the money came through, I had changed my mind and ended up spending 370 on an ipod and about 150 on a coat. The rest of the loan money just disappeared over the next month or two..

I did clear all the debt and I must have an unbelievably good credit rating. Remember having 3 loans in AIB alone at one point, plus the credit card and Ulsterbank stuff.. But I never a missed payment. If I was having trouble on one account, I'd take out a loan on another account, pay the first one off and basically "restructure" it.

Won't be getting into debt anytime soon again I hope... I learned my lesson for a relatively small amount of money and will never make the same mistakes again. I'm so fekin happy I didn't come out of college 3 years earlier.. I'd be riddled with debt right now sitting at home instead of chillin in the Philippines.

I'm 23 by the way since alyuciao brought up ages.

Captain Havoc

30 owe €3,500 back on my car which I'm paying off. My salary was €12k more than I'm on now and I had €5k credit card debt which is now clear (well, it will be when I bother to get to the post office). Cut my boozing down from 4/5 nights a week to about 2 a month, fags from 30 a day to 5-10 when I go out, there's like a two month old box of fags with two left here

[Deleted User]

Molzer2 wrote: »

I thought I was in reasonable shape until I read this, I owe about 120k on mortgage, nothing else. I have a few bob invested and a few put away for a pension. I'm taken aback by the amount of people who owe nothing! Are ye all kids or what?
I'm 38.
Maybe we should ask what age brackets people fall into too.;)

I paid off my car in a year, I rented and have never bought (I may do sometime in my 30s, we'll see) and have my credit card at a very low limit so I can clear it each month. I'm 25.
You don't need to be a kid not to have a mortgage :rolleyes:

keepkeyyellow

500€ overdraft
40€ to a friend
70€ in bills
20€ on credit card

630€ all together at the moment

However I have to take out another credit card to pay for resits so come April it'll be 1090€.

I'm only in second year of college and by god I've learned my lesson. The annoying thing is if I still had my job I could clear this all in a month.

[Deleted User]

keepkeyyellow wrote: »

I have to take out another credit card to pay for resits so come April it'll be 1090€.

I'm only in second year of college and by god I've learned my lesson.

sashafierce

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sashafierce

This post has been deleted.