2006-09-18 02:05:44 · 7 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Of course the perfect answer is : You should have no debt, but with many in college with parents who didn't save for that college are now finding themselves deep in it.
Another factor is if this person owns property, such as rental property. This debt is not bad debt if the rental units are rented out and the rent income is paying for the property in full for the person.
Another debt is if you own a home and are paying a mortgage. If you plan on staying in this home for many MANY years then this too, is not bad debt, for you are building equity. However, some take on far too big of house in the first place with payments beyond that of what they can afford.... THAT would be bad debt then.
Basically your question cannot be answered for there are many factors and geography plays a part too.
Happy Monday ! : )
2006-09-18 02:57:01 · answer #1 · answered by Kitty 6 · 0⤊ 0⤋
depends if u done university then loads and if not and str8 to wrk after or even b4 college then none wot so ever. ur choice. why dont u wrk few yrs, earn and save and then go uni if u aint got parents bckup. prob more than 12 thousand coz fees are nw £3000 per yr. they gone up. last yr was £1500 per yr. tahts just fees if u dint get help by ur LEA.
2006-09-18 09:09:53 · answer #2 · answered by allgiggles1984 6 · 0⤊ 0⤋
I think I heard somewhere that the national average debt (for the UK) is somewhere around £8000
2006-09-18 09:07:54 · answer #3 · answered by weatherwax1 3 · 0⤊ 0⤋
about £16,000 but I have none.
2006-09-20 07:20:49 · answer #4 · answered by Anonymous · 0⤊ 0⤋
about £10,000
2006-09-18 09:07:37 · answer #5 · answered by Jane S 4 · 0⤊ 0⤋
none
2006-09-18 09:07:23 · answer #6 · answered by EZ 3 · 0⤊ 0⤋
shouldn't be
2006-09-18 09:34:50 · answer #7 · answered by Pink 2 · 0⤊ 0⤋