Your are viewing a read-only archive of the old DiS boards. Please hit the Community button above to engage with the DiS !
£7,944 is the average household UK debt, not including mortgages.
How do you square up?
and it is an absolute bugger to pay off as far as I can tell; my mum is forever having to work extra bits and pieces to get it back to evens. Really horrible situation for anyone to be in, to be honest.
just under half of that average
hoping to clear by the end of 2013 but that depends on my second year uni schedule and if my zero hours job keep giving me more than the required
does this average take into account people with no debt or is it just average debt of peeps in debt?
Mrs me; £35k
+ together; mortgage £120k
(non UK though)
Mortgages? Student Loan? Cos thats mental if it doesnt include those..
Doesnt matter to me anyway, no debt. Then again I've never been on holiday or seen the sea or a mountain so I dunno, peaks and troughs
surely a lack of peaks and troughs
this is sharp for 9:58 on a Monday
I got a nasty cut just opening up the thread!
Virgin Media- £100
that's actually quite a lot.
as they've split up! ;)
And my overdraft, less than 1k.
i HATE having less savings :( but i hate debt more.
and you have debt then you don't really have any debt do you?
so i have *had* debt until about now.
ALTHOUGH i have smashed my student loan and cleared that bastard forever.
is lower than the rate on your debt, and so it's definitely worth paying it off. feeling debt free is great.
We bought a house last year and have a 4k credit card debt due to furniture... it sucks, but were chipping away at it regularly.
pay off the debt asap!
split fairly evenly between me and the mrs. But seeing as though our collective Uni debt used to be about 45-50 grand that's not bad.
Good for it though, so I'm basically just subsidising our poor hard done by financial sector to the tune of a couple hundred quid a month
+ £111k (19.5yrs) on the mortgage.
Have fledgling savings between us that probably bring our household to around the OP average.
Pre-year 2000 student loans are all paid off. Post-year 2000 student loans are effectively a tax, so they don't count.
and then approaching £27k in student loans.
16hrs in a corner shop just won't cut it i'm afraid, need something approaching my level of qualification ASAP.
none of it to banks or companies or owt like that, though, which is nice.
proof's in the pudding.
I was the first graduating year to have my tuition fee debt written off by Herr Salmond.
Had nearly maxed out my overdraft by the end of my (postgraduate) degree but that's cleared now. Actually contributing towards my savings for the first time in years, which is a nice feeling.
Will probably have a mortgage within 5 years, though, so I've only got limited time to be smug in.
That's an extra £136 a month I can fritter away needlessly.
Have about £1200 on a Barclaycard that I used to pay for council tax arrears and festival tickets. That's it I think.
just my overdraft, which is £1600. I don't know when i'm going to be able to pay that off, hopefully around the end of the year
i knew it was a good idea not to go to university.
over your lifetime.
because the 'working classes' can't get an education or earn a living.
Your money over everything else attitude will stand you in good stead. Enjoy your flat in some no mark suburb and cineworld tickets.
and i've got a 'money over everything else attitude'?
you really are a cretin.
Its root is from a insult to Christians and I believe many still find it offensive. Thanks for your understanding
People who don't go to uni earn £10k less than people who do go to uni.
You've got a bit of paper that says you know stuff...that has nothing on experience. You still have to start at the bottom like everyone else.
Someone send up Bruce Willis to blow it up
was only pissing about, like
I would suggest you look at the rates of unemployed graduates before you start giving it the big'un.
about choosing not to educate yourself, fella
Even as a joke it's pretty crass and not very funny.
there's a lot of anti-uni sentiment going about at the moment, mostly from no-marks trying to justify their own weak lives by desperately clinging to the fact they haven't got any debt.
few worse sorts, really.
I can think of one, certainly.
Seriously, now? Theres alot of anti autistic ridden cunt sentiment going round that you might be getting mixed up with?!
People who take the piss out of those who do, for no other reason that I GOT MORE MONEYZ THAN U, certainly have a pretty weak time of things from my experience.
Read my post below in reply to you pls
who go to Uni and think they're better than everyone for it.
I am quite pleased with my current job and salary even though I am an uneducated swine.
It's annoying how many people on here can't understand when someone's mucking about in response to a stupid glib comment, and when they aren't.
However, I *do* have a problem with people who laud their increased wealth over graduates or undergraduates, as if having a little bit more money was something to be proud of. I know you weren't doing that, but others were, and I think my response was fair enough really.
Yeah, no one was talking about earnings until you made your £10K a year comment.
'Glad I didn't go to uni now' in a debt thread isn't really going to be about much else, is it?
is because we work for it. IMO, not going to uni and earning more than someone who has been to uni at my age would, makes me proud. I'm proud of myself for not having any debt and for working my way up through jobs to the job I have today and to the jobs I will have in the future.
Saying we're all uneducated is bullshit because we're not. You don't have to go to uni to be educated. This kind of bullshit gets me. I've had someone turn their back on me because I told them I didn't go to uni. Obviously I'm a complete pleb who wouldn't even be able to construct a proper conversation as I am so uneducated. That attitude bothers the hell out of me.
I remember you posting about that, actually. It's obviously a horrible thing to do, but it's hardly a standard, normal response.
I was mucking about in referring to people as 'uneducated', and wasn't meaning you or anyone else specifically; I probably should have left it though. It's certainly not a serious opinion. I'm the first person in my family to go to university and I don't see them as 'uneducated' at all- they're intelligent people.
For what it's worth, I have seen exactly the same kind of thing directed at me and others because we DO go to uni. Maybe it's just where I'm from in the world, but there seems to be an attitude that all students are lazy shits who don't do anything, and I don't like to see or hear that anywhere. I received a birthday card from a friend not at university this year which had a guy on his first day at work being told to sweep the floor. He said ' But I'm a graduate' and the manager said 'Oh, I'll show you how to do it then' . Obviously it was a joke but when that kind of 'students-are-useless-fucks' humour is appearing on birthday cards, things have gone too far imo.
Certainly no offence intended here, and I don't think josh intended any in his post either, but you both should be aware that there is a balance. Sometimes it makes me annoyed. I'm sorry that it does.
it's fine to have these kind of gags elsewhere but as soon as they appear on birthday cards then it's gone over the line and simply must be stopped.
A rare gift and you should probably get into politics.
it was referring entirely to me - "i'm glad i didn't go to university".
if i was trying to be inflammatory i'd have posted something like "haha uni dickheads, i didn't go to uni and i'm on 55k"
A large proportion of the country entered the job market when degrees were less common, pensions were better, the standard of living was rising and there was more of a stratification between professional and non-professional jobs.
These days there are hordes of graduates (especially those from humanities courses or business studies) who spend years temping.
It wouldn't surprise me if the main variable in earning ability is starting to come down to whether or not you were the kind of person who could get into university if they so wished, rather than whether or not they actually did. If that makes sense.
I'm looking like a bit of a snob here, I realise. Wasn't my intention!
£10k over a working lifetime? if that's, say, 40 years minimum, probably more like 45 or maybe even 50 for some of the young 'uns on here, that works out to be about £250/year. LOL
isnt it supposed to be £100k over a lifetime, but even that isnt useful information without knowing the variance and how it compares for different groups and subjects
seriously. You're a fucking waste of internet.
how? how the hell did you manage that when you're clearly such a fucking mouth breather?
gonna work off my overdraft in the summer though
I doubt I'm ever going to earn enough to start paying it back.
I think I still owe about £12K of that, but that's because I didn't earn over the threshold for payback (which was 80% of the average national wage) until I moved down to London.
Other than that - nothing. Getting a mortgage next month though, if all goes to plan. Erk!
for it to affect my life so in realistic terms just my overdraft which is £1250. New job though now innit so I'll have that paid off by the end of the year.
Maybe they decided to write it off? Mint.
Seriously if they turned round to me tomorrow and said you still owe us 15k I wouldn't be able to argue the toss with them, I'd just glumly keep paying it.
That must have been one hell of a three months!
I had to pay for a years tuition fee despite leaving after three months. And then the maintenance loan.
Why do I owe 6 grand if I was only at uni for three months?
So, basically fuck all.
I cannot abide people who get into loads of debt due to their own financial profligacy. There are many reasons which are, sadly, valid ones to explain why people are in debt. Wanting too much stuff and not having the money to pay for it isn't.
I just need KennyDope in here and shit gon go bananas
apart from that, nothing.
Overdraft on debit card = maxxed out at £2000
Credit card = maxxed out at £350.
when 23-year old me managed to secure a £1k overdraft, a £2k credit card, and a £3k personal loan in about two months, all from the same (now state-owned, LOL) bank.
got a credit card, and used its limit as the deposit on a house.
Ah yes. He now has a nice terraced place of his own in Newcastle with no mortgage.
which should be all paid off by the end of the year. Going to be a nice feeling to not owe anything.
Other than that, just the mortgage.
student loan: dont care its not real debt
career development loan: think ive got £600 left of £8000
credit cards: about £5000, really have no idea how they got that high, £2000 of it was doing a transfer to payoff my student overdraft after they started charging interest, ive been bouncing around 0% balance transfers for years so atleast it hasnt cost that much, dont understand why its so easy to avoid interest, my latest one is for 22 months
even in an ISA or something, they'd make more. also just maxed out my interest free overdraft and put it in an ISA (h)
Mine is pegged to inflation. For a long time after I started working it made sense to save the money in a high-interest account, but not so much now.
think student loan interest is 1.5%, best isas are probably 3.5, could gamble on this and get 7.4% http://www.bbc.co.uk/news/business-18370777
a friend of mine was determined to do that, I kept telling them to just put the money they would use to pay it off into a higher interest account instead, guess that isnt an option any more though, I guess some people dont like it hanging over them or having hte deduction from their pay
but having been receiving statements for the last 3-4 years i can tell you even that tiny bit of interest on my £2000 student loan has added up a treat. i've got a bunch of savings that's pretty much ready to pay it off. if it makes any difference i'm self employed with uneven employment so i kind of need to save for these things more than PAYE people do...
Everything else I'm clean.
the lady has mountains of uni debt, thanks canada.