Credit card Debt...do you have any??

How much credit card debt do you have

  • None..I thankfully have no credit cards

    Votes: 0 0.0%

  • Between $1000-5000 doing the monthly payment thing

    Votes: 0 0.0%

  • Between $6000 and higher

    Votes: 0 0.0%

  • Im screwed I have massive debt.

    Votes: 0 0.0%
  • Total voters
    0
Ren the devils trailboss

Ren the devils trailboss

Joined
Feb 27, 2001
Messages
12,169
I am just curious. The other day I found out my Brother in Law...who lives in a nice house..and has all the toys also has a whopping 60k of credit card debt....I personally am terrified of debt so I only have a house payment and one small car loan that will be paid off this year...how bout you all....the average american has $7000 in CC debt...do you??
 
I had mine beaten down very low but my problem is all the folks around here posting pictures and talking about knives all the time:D. Right now it is around $300. It has been as high as $2000 in times past but I always get panicked when it is that high and have to beat it back down.
 
Topped out at around 12K several years ago, now down to about $600. Interest is way too high to carry a lot of CC debt. Paying off high interest debt is the best thing you can do with your cash.
 
Nope. Credit cards are almost unknown in France. Almost everyone has debit cards. The funny thing is they are called "credit cards" :D I just have a VISA card, every time I use it the money comes straight off my bank account.
 
I pay my balance off every month whether it is $2 or $2000. The only debt I have is my mortgage and a home equity loan.
 
Credit management is important and is the challenge. It's possible to get into that slippery slope when things get bad and it can get really, really bad. I've had friends go into the ultimate credit problem - bankruptcy! And their lives were in tatters after that. And most of these guys weren't slouches either but just got caught up in bad situations. Be very careful!
 
I'm with Ken, pay it off every month. I never let anything carry over, so I'm sure that makes the credit card companies real happy with me. :D
 
I have sooooooooo much CC debt/payments, that if I didn't have any, I'd be driving a $56,000 Hummer, rather than my '94 Ford Tempo.:eek:.
 
Managed to zero all my card balances last year. Then got caught with a COBRA'd health insurance period when I switched agencies. One month with diabetes and degenerative disk disease = $2,300. Money reimbursed by insurance company = $345. They should see me in a clown suit. :mad:
 
About $2000, down from $4300 a year ago, I have been on a deliberate budget to pay it off before June.
 
Burchtree said:
I'm with Ken, pay it off every month. I never let anything carry over, so I'm sure that makes the credit card companies real happy with me. :D
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Good for you, it's the only time in life it's good to be called a "deadbeat", that is the actual term CC companies use for folks that never carry a balance.

Can't wait to be one to!
 
The Last Confederate said:
Good for you, it's the only time in life it's good to be called a "deadbeat", that is the actual term CC companies use for folks that never carry a balance.

Can't wait to be one to!
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yeah, I didnt do anything with my card for a while, so they cancelled my account.:jerkit:

Debit Cards are the way to go.
 
Ren the devils trailboss said:
I am just curious. The other day I found out my Brother in Law...who lives in a nice house..and has all the toys also has a whopping 60k of credit card debt....I personally am terrified of debt so I only have a house payment and one small car loan that will be paid off this year...how bout you all....the average american has $7000 in CC debt...do you??
Click to expand...





Figures in last week's paper out the figure UP to over $9,000 .

Evidently the bulk of debtors are a week away { one missed paycheck ]from bankrupcy .

Too many knives OR too many wives ?


Uncle Alan :)

PS After reading the prior messages, I'd say that we have our heads screwed on correctly .

We zero each month & get 1 percent back .

UNK...
 
We are the sort of eople that the credit card companies hate. We pay the balance every month and accrue no interest.
 
Debt free = security And without the interest charges you can actually afford to buy more !!
 
I've got about 6k wrapped up in credit card debt. That's one reason I moved back home for a bit, so I can get it paid off and wrapped up. Then it's time for the student loans. I don't really consider them a debt though, since the education was worth it.
 
Credit card debt can be bad news. As far as I could tell my folks never bought much more than cigarettes on their cards, but letting the interest accrue really put a crimp in their retirement. It was a real lesson to me, never let the debt build.

I also know a lot of folks who "manage" their card debt by changing providers for lower teaser rates, yet they never seem to get it eliminated completely.

CC debt is probably the one most common way people are screwing themselves over these days, although the *amazing* amounts of student loan debts I hear about are catching up to that for some people. Every time I realize I only had to pay off a $3k loan for 3 years at a state school (that's now easily 5 times more expensive than when I went there) I consider myself very lucky.
 
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