Only been overdrawn once. £20 when I was unemployed for six months.
No other debts apart from £12k student loan
Up to my prescribed 2 grand limit :(
have you tried going through the whole Money Saving Expert list of how to fix this?
I mean it's pretty good, I think. A friend sorted her debt out by following it. It mostly starts with a loan to pay off all your existing debt but that loan has a much lower pay off rate and is better for negotiating a long-term payback.
tbh I'm just shit with money, there's been no great injustice.
£1,100 in the hole
after I finished I sat on my arse for a while and then I had a cash in hand job so there was no movement in my a/c whatsoever for a few months. One day they sent me a letter asking me if I wanted an enhanced graduate a/c with improved overdraft or some shit. The very next I got another one saying that I had to pay the lot back immediately or face firing squad or some such. Fickle bastards.
£18 in debt
no overdraft yet although i still have one last thing to turn in before i graduate in the autumn
£1750 plus £250 buffer zone.
Turned it into a graduate loan, went out loads was back up to £2000 in no time so I got a job
but paid a good chunk of it off in between finishing uni and starting my new job by working a factory doing nightshift. It's easy to make a dent in it if you're not workshy or useless, and if you're willikng/able to move back to the family home for a couple of months to get you back on your feet.
so many of my fieends struggled for years, but that's because instead of swallowing their pride and gong back ot their kiddy single bed rooms in their proviincial hometowns and sucking it up for a few months and cleaning loos and working in the sweet/mince/ computrer factory, they went off to Bali.
He remembers those days too. I'd poke him to wake him up but here at the home they take our zimmer frames away from us when we're settled in the comfy seats. :(
back then that must have been a fortune!
and that was before having to pay for tuition fees 9and I had two jobs and worked every summer. not entirely sure what I actually spent it all on- going out every night I guess.)
they want it back in september :( i was okay about paying them back because i had a job but today i got fired for taking time off for my gran's funeral/fucked up eye. this thread has reminded me to go to the bank and ask (beg) for an extension. my little brother who has just finished his 1st year uni has opened a savings account and put money in instead of taking out an overdraft. wish i'd done the same
sorry to hear about your job/gran/eye
A summer of working full time and living rent free at parents' gaff soon sorted it. Saved up another grand and moved to London. Bosh.
Cleared it during my PhD, then was back into it at £2k again by the time I started working.
(Oxford like to be awkward)
Not surprised you didn't know that, I hardly ever mention it.
i dont really drink though
even at the start of final year i expected a decent amount leftover at the end.
with not really going out + never paying a full academic years worth of rent, i really shouldn't even be overdrawn. i'm an idiot
which was £1500, I think.
And then with £18K of pre-tuition fee student loans too.
Except I was first year of tuition fees.
I considered my -£2000 overdraft to be the equivalent of a zero balance, always maxed. If you haven't already get a graduate account, interest free overdraft where they gradually wind down the interest free bit, better than getting hit straight away
up to about £900 before I got a job. Moved back in with my parents for a while so I paid it off pretty quickly.
it was £0. Then I spent a year on the dole, at the end of that I was -£2k.
I'm workshy and feckless and wanted to be able to spend a year dossing around doing nothing but writing bits and bobs
Eventually had to sign on. Shattered my self confidence
Got a shit job, couldn't cope. Saved up, quit. Now I'm doing it aaaaaaall again. Cheers.
Found a job almost straight after leaving university and had it paid off within three months.
I've always been good at budgeting but rubbish when credit's made available to me. I've just closed a credit card after they upped my credit limit to £12,000(!) and I'm £550 away from clearing the debt on the credit card I do use. Hoping to have zero debt when we move into our house in a months' time. Ambitious.
I have subsequently paid it off 3 times, and am still back at using it as a zero limit.
I finally earn enough that all outgoing and rent are less than half of my salary so I could pay it off once and for all, and cleverly got engaged. Ah.
all my outgoings at uni were really cheap.
Real life is much, much worse.
Incurred almost as much debt as an 18k grad than I did at uni
this rose to £1800 about two months after leaving uni, and then they stopped allowing authorised overdrafts.
Got stung for about £300 of unauthorised overdraft charges in one three-month period. This cycle of indebtedness only ended when I won £250 for completing a survey for The Face magazine.
and none of the useful shit
let alone seven years ago
but I can remember landline phone numbers of my best school friends.
I vividly recall the shame of having my attempted debit card purchase of a packet of value custard creams and a Durex three packs turned down at Tesco, long before the self-service machines took over.
Was sure the world was ending a year later when the bank reclaimed half of it with my first proper, non-temp wage and left me completely broke for months, but it was probably the best thing for me. Would never have made any headway otherwise.
Have you paid off your student loan yet
i haven't finished uni yet and i don't even earn enough money hahhahahaha.
The cut-off was by graduation year, not matriculation year, so I got away with zip for doing an integrated masters degree, whereas my gf at the time got stuck with the full whack because she did a bachelors.
I still feel a little smug about it every time my payslip comes through with the nice blank box next to "Student Loan".
I'm two years away from finally getting rid of it now, paying £200 a month.
I finished university ten years ago, and my loans were under the old system, where you paid them back over a fixed period of five or seven years (seven in my case) once you started to earn over 80% of the national average wage (which is currently £27,000, but which was about £20,000 when I graduated).
I didn't earn over that threshold until I permanently moved down to London from Newcastle when I was 28/29 years old.
thought the end was near recently but then got a letter from HMRC that they accidentally doubled my payments in 2007 so I owe that plus interest. think I've got £900 left on it.
was about the same when I finished my other degree. think my student debt is about 11k including fees cause my student loan from SAAS was about £800 a year and less in my final year (great idea). my parents helped me out a lot and I also inherited about 5k when I was 18 which is now all gone. Kinda regret not getting a job in first year or during the summer but I managed to go on really great holidays instead and did Erasmus which is pretty much a 6 month holiday. Don't really mind cause my student debt isn't quite terrifying and I have enough to pay a deposit on a lease when I move out in a few months. could have been a lot less reckless with money as a student though.
Getting a second student account, propa nawty.
Going out, drinking loads, TONS'O'DRUGS, y'know.
Then I was on the dole for 9 months pretty much (graduated in 2009 at the peak of the recession). Well, I say I was on the dole, was doing a bit of cash in hand work on the sly.
I'm now a vaguely responsible adult.
Then I went back for a Masters in 2004 and have struggled to stay out of it since.
I proudly thought I'd cleared it in March this year , but I've worked about two days a week on average since then and that's taken its toll.
Student Loans Company said I was £19 grand in the hole last year. I'm never paying that baby off.
I never bothered opening a student account, mostly because I had a £3.5k overdraft on it but also because I hate dealing with banks. The downside is that I have to pay interest on it, BUT given they've been fine with me being deep into it (currently around £2k, lolz) and having sporadic earnings for over three years now, I guess they're not going to ask for it back anytime soon.
and this is the closest I've ever been to it (about £150 left). Had loads of money through uni, and was able to live without a (proper) job for about 9 months afterwards. Great days.
To get loads of grants, and have no parents so everythings paid for, bro!
A couple of years after graduating I changed banks and just forgot about it. I got one letter about it, which I returned to sender. No further chasing after that. I recently looked at my credit file and there's no mention of it. Pretty happy with this.