2007-03-25 22:23:58 · 12 answers · asked by Bob M 1 in Business & Finance ➔ Personal Finance
thats not a debt, thats a weekend shopping spree.
2007-03-25 22:28:05 · answer #1 · answered by looby 6 · 0⤊ 3⤋
I personally dont think £1000 is a BAD debt but if it is affecting you call CCCS Consumer Credit Counselling Service who offer free advice and in some cases contact your creditors on your behalf to arrange payment all interest may be stopped on accounts and they are very understanding. I hope this helps! Dont worry over debt... its not worth it! The link below will help you tremendously
2007-03-25 22:30:17 · answer #2 · answered by Conkys Mummy 2 · 1⤊ 0⤋
Debt is bad if it costs you money. It is good, if you have bought something with it, which pays you more than the interest you are paying on the debt.
The amount of debt is irrelevant, what is important is whether you can afford it.
2007-03-29 06:36:15 · answer #3 · answered by Piet Strydom 3 · 0⤊ 0⤋
Smart people EARN interest
Dumb people pay it.
Your debt is costing you money right out of your pocket. In effect, by carrying £1,000 in debt, you have given yourself a pay-cut. Does that not seem kind of dumb to you?
2007-03-26 02:49:01 · answer #4 · answered by Anonymous · 1⤊ 1⤋
Yours aint bad at all!! im 21 and i have nearly £4000 debt!
2007-03-25 22:26:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋
£1000 is nothing, if your struggling you could see your bank for a loan with a low interest rate and prob pay that off in a yr or 2 depending on how much u can afford. which would be tiny amounts to pay a month to clear it off
2007-03-29 13:51:30 · answer #6 · answered by Sasha 3 · 0⤊ 0⤋
Damn student loan
if you are paying silly interest on it put it on a credit card [offers for 0% balance transfers] .
I bet you can pay it off in a year - £20 every week - go on son!
2007-03-26 10:28:58 · answer #7 · answered by Anonymous · 0⤊ 0⤋
At the moment I owe roughly £35,000
I don't have a mortgage.
This is pure debt.
You think YOU got problems?!!
2007-03-25 22:28:38 · answer #8 · answered by Anonymous · 1⤊ 0⤋
I don't owe anything even on my house
2007-03-26 03:35:57 · answer #9 · answered by bwadsp 5 · 1⤊ 0⤋
£375k....My mortgage.I suppose that doesnt really count.Apart from that im debt free.
2007-03-25 22:29:31 · answer #10 · answered by Anonymous · 1⤊ 0⤋