The Debt Thread: How Much debt are you in?

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About £5000 I think (student loans)

$0 with a car and owned apartment.

Girlfriend has around $5000 in student loans still hanging around.

Overall going pretty good - other than the fact that she just got fired. Otherwise, good stuff.

-187k net cash, around 600k in assets.

26 years old. Currently $400 on my credit card. I pay it off every month.

Worked through college and paid as I go so no loans on that. It was about $15,000 a year, but well worth it to graduate without loans.

Fiancé had about 90k in school loans but paid it off in 4 years.

Nearly $80 000 in uni debt. Thankfully that does not accrue interest or affect all that much, just takes a bit of my wage every fortnight.

I once had some CC debt.
I don't own CCs anymore, they are completely irrelevant where I live.

I'm in high negative debt now.
Will stay this way.

Over 2 million SEK ($250K+). Most of it is the mortgage on my apartment, a smaller part is student loans.

~21k because i gave(still giving) that money to relatives that dont even want to see my face. I have issues.

About £275k / $380k over 2 mortgages (2 properties), cars, loans and a credit card. Thats both my wife and my debt.

£24500

£3k is here or there. I owe 3k to my mum to help cover costs of the wedding. However I paid her 3K a few years prior to buy her a new car.

£240 in credit card debt.

$1200 in utility billls. For a year I was paying £38 a month. It was what I paid at my previous place and I saw no reason for it change all that much. Come the end of the year I get told I owe them almost £1600 in unpaid expenses because I was actually using about £300 in electricity a month. I'm currently fighting that, but I've got to make payments in the meantime. By company guidelines they should have told me 6 months in something was funky.

Everything else is student debt.

150k€ mortgage, nothing else. Good thing it is sub-1% interest for ten years guaranteed (and we plan on paying back everything that is left after the ten years at once, if everything goes well; we chose a conservative monthly rate to be able to cope with unforeseen situations with our upcomming baby.

Technically, I owe like £22K because of University. But it doesn't effect my credit rating or anything like that so I don't feel like it necessarily counts.

But other than that, a big fat £0.

5000€ student loans

edit: scratch that, its actually 9000€

About 149k dollars in house mortage, that's it. Always been careful with debt, seen one too many friends succumb to the weight of it.

30k bells debt with tom nook.

Other than that I have never been in debt before. Even with a virtual character it feels bad.

£250 on credit card (urget repair costs on my motorbike over Christmas holidays) which will be paid off at the end of the month.

Still have around £1000 to pay off for my motorbike with monthly payments which should be all paid for by August.

Currently looking at mortgages to get my first property so I'm expecting to be in a lot of debt by the end of the year...

About 3000$ worth of student loan.

But as of last year the government here erased the interest on student loans so it's ok I think.

Bought a house last year October.

Paid 15K deposit

Still owe $45 000.

Should be done in about 14 years if i slack off and pay the minimum. If I pay $1000 a month I'll be done in 3 years, which is possible, but then I have no spending money at all.

i'm repaying a debt that my father had before his death and i inherited

about 20k €

America you are so fucked.

0 debt.

I have never had debt in my life and unless I want to buy a house that hopefully won't change

Nothing.

But i'll soon be 100k € since i'm about to buy myself an appartment.

About $650,000 US all up. Goes to $200,000 plus in the bank if we sold the house, but we live in Sydney so what would be the point in that?

Zero. Busted my ass (figuratively and literally) for a scholarship in University.

I do owe my sister $4 each month for Apple Music lol.

Bike loan of some grand, but I have the money on my bank account soon don't see this as debt. I will pay it of this year.

Copper said:

America you are so fucked.

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How so?

Currently around €150,000 on my mortgage.

The only other debt I've ever had was nearly £20,000 in student loans, but I paid that off within about four years of finishing university.

Mortage only.

Yay free schools and healthcare.

Fully paid off student loans as of this month
Just in time for some tax money, baby!

I have 1200 bucks left on my car loan, should have the car paid off with only 30K in miles. I plan to drive it for a long ass time. Outside of that I have about 800 in collections that I should zero out next month.

Approx 16k CAD from law school student loan. Should have it all paid off but this year.

Credit Card Debt: $0.00
Student Loans: $11,739.21
Mortgage: $151,292.37
Total: $163,031.58

Not much.

About 300K in debt. That's a house (mortgage) and a car loan. Although, I guess with offset of Equity in my house. I'm not actually in debt...

0€ + whatever I spent this month on my creditcard (which will be paid off all at once, as per usual)
This will change once I find a house to buy...

About £10k in the hole because of how expensive childcare is in the UK. Wee man starts school next year though so shouldnt take too long to get back in the black.

I have an enormous mortgage but also a lot of equity in the house, assuming the tax bill doesn't completely tank home prices in my area. Beyond that, my wife has some student loan debt but the rate is like 1.6% so I'm happy to carry it and a car loan at 1.9% with a principal amount of 10k or so.

Around $87k in credit card debt. Ran up a bunch of cards while I was homeless, then some more during the move to another country. I'd declare bankruptcy but I'm not exactly here legally at the moment. Oh well.

just the mortgage, and it's like 138k. actually not that much i guess.

$80k in student loans

I'm on track to pay it off in 7 years or so, barring any long stints of unemployment. Once I do pay off those loans, I'm never going in debt again. I may still be open to a mortgage, since that's only hand wavey debt. But there's a realistic chance I wouldn't even want that, either.

i'm going to write this out for the first time and its going to make me sick

£8000 credit cards
£2000 over draft
£6500 personal loan
£2300 student loan
£150,000 mortgage

10k CC
9k car
7k loan for new windows (trying to sell the house and this was a necessity)

Wife pays the mortgage (90k left or so) while I get almost everything else. Been paying more than requested on the windows, I'm going to creep up to paying double. CC debt should be at least halved this year as well, hopefully more.

I have been dumb at a couple points in my life, but after realizing some things it's time to fix that. Just spending a grand on a new water heater doesn't help, but again...selling the house and it needs hot water.

I am frugal(worked and saved for almost 11 years.) and in an privileged position with a good job and pay.

Have an mortgage for 900k SEK which would be ~112k $. The apartment is worth ~3 times that in theory. (bought it at ~2)

If I liquidate all my assets(stocks etc) I would barely be able to pay off the whole mortgage.

But my company is in an relatively exposed situation right now and having huge bufferts are comforting. Though being totally debt free without even an mortgage would be an amazing feeling even though it may not be the most fiscally smartest option. (interests are low right now in my country)

Anyone got any plans to ever free of debt? I'd like to at some point, but next thing on the docket for me is buying a house. The next thing is another house or flats. While having kids, I'm not expecting to be completely free of debt for another 20 years.

$15k student loan
$7700 car loan
$12500 in credit cards I'm working to pay off because I'm a total idiot

if mortgage counts i am probably 360k in debt. other than that I have zero debt.

$20,000 in school loans.

I have around $220K in a mortgage, but I consider it good debt because the interest rate is low and it helps a bit with taxes. I'm in no hurry to pay it off. I just make the base payment every month.

~$60k in student loans (originally over double that)
$7k credit cards
$7k for my car (originally ~$30k)

PhoenixSFT said:

$15k student loan
$7700 car loan
$12500 in credit cards I'm working to pay off because I'm a total idiot

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I feel you on the credit cards. My stupidity and stress got me to that level. No car loan or student loans but my car is slowly falling apart. Ugh. I need to do more photography side work or write a decent novel.