FabSwingers.com forum: debt.

By *good-being-bad OP Man
over a year ago

mis-types and auto corrects leads cock leeds

There's a program on at the moment I think BBC about debt in the UK.

They ssaid 6 million folk in the UK don't believe they'll ever be debt free

I have a mortgage..it has a few years to run then I'll be debt free.yippee.

I knew a guy who was terrible at managing money. Are you good at managing your budget?

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By (user no longer on site)
over a year ago

We were good at managing money until I miscarried on our wedding day. I already had depression - that pushed me over the tipping point. I was off work for six months, went from earning over a grand a month, to £300 at most (stat sick pay).

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By (user no longer on site)
over a year ago

I am now

I now have an excellent credit score after years of paying back debt that was racked up when i was married and financially abused by my ex..

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By *ensualbicockMan
over a year ago

liverpool wavertree picton clock

While money is printed out of thin air at interest the world will never get out of debt ...in fact it's kept like that

....the banking system is a scam by the elite to maintain their position

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By (user no longer on site)
over a year ago

No I'm terrible and it's likely I will never be debt free. Depressing seeing my wages practically disappear within days to pay what I owe. But hey ho I'm healthy and fitter than what I was 20years ago, some people have it far worse

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By (user no longer on site)
over a year ago

No, I’m just in the process of sorting my debts my ex left me with. This time next year I will be debt free. But I’ve very little personal income so I’m always careful with my spending x

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By *wisted999Man
over a year ago

North Bucks

Recently had a chat with my mortgage advisor over buying another buy to let property. He was foaming at the mouth in enthusiasm to try and get me to buy more borrow more. (I except his big fat commis had a lot to do with it)

He said money’s cheap at the moment no wonder people get sucked into debt.

I’m terrified of debt and will only make choices I can afford.

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By (user no longer on site)
over a year ago

Not easy dealing with debt. I have been through the struggles and luckily since last year I am completely debt free.

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By (user no longer on site)
over a year ago

Depends on your definition of debt. Though I am free of most loans, I will be in debt to the tax man until after I am dead, which is the truth for a lot more than 6 million people.

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By *etLikeMan
over a year ago

most fundamental aspects

What compounds the problem, are the debt companies who will, for a fee, “help” you out of debt. If you google debt advice, pretty much the first page are those pretending to be there for you.

If you have debts, there are charities and organisations who will help for free. Citizens Advice or National Debtline will never charge you a fee and have highly trained specialists to help.

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By *lbert_shlossedMan
over a year ago

Manchester

There's good debt and bad debt, debts not really the problem, squandering it away on tat is.

Most people are addicted to spending money.

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By (user no longer on site)
over a year ago

"Recently had a chat with my mortgage advisor over buying another buy to let property. He was foaming at the mouth in enthusiasm to try and get me to buy more borrow more. (I except his big fat commis had a lot to do with it)

He said money’s cheap at the moment no wonder people get sucked into debt.

I’m terrified of debt and will only make choices I can afford."

buy to lets not great ,pay tax on therental,then 40% when you sell it or is it 28%

its ok but not going to make you fortunes

one bad tenant could sink you if your relying on the rent to cover mortgage

one needs to know the game ..

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By *ngelina4uWoman
over a year ago

Camberley/Middleton

"Depends on your definition of debt. Though I am free of most loans, I will be in debt to the tax man until after I am dead, which is the truth for a lot more than 6 million people."

True for the self employed but people who are employed by someone else never see the money the tax man has it at source.

Saying that though all those people who have credit cards are in-between 1 day and 56 minimum in debt so you have a point.

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By *wisted999Man
over a year ago

North Bucks

He said money’s cheap at the moment no wonder people get sucked into debt.

I’m terrified of debt and will only make choices I can afford.

buy to lets not great ,pay tax on therental,then 40% when you sell it or is it 28%

its ok but not going to make you fortunes

one bad tenant could sink you if your relying on the rent to cover mortgage

one needs to know the game .."

Been in the game for a while know what I’m doing this isn’t my first Rodeo. I wouldn’t do it unless I got a healthy return.

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By (user no longer on site)
over a year ago

I don't have much money and I don't have any debts.

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By *hatYorkLadMan
over a year ago

York

Aside from paying finance on my car I'm lucky enough to be debt free, I did get in a fair bit of debt on credit cards in my 20's when I was on a low salary but I've changed jobs and jumped up the pay scale a few times in recent years so paid everything off which is a nice feeling. I don't have kids and I'm happy renting so no mortgage either.

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