I was just curious becaus someone I know just told me they had $40,000 in credit card debt
The Black Hole
- Thread starter firetoole
- Start date
40K in credit card debt? holy crap.
someone needs some scissors...
someone needs some scissors...
Credit card debit specifically? None to speak of... We have an AMEX that my wife uses for business expenses, but we pay it off in full when she gets her expense checks. Now if you're talking school loans, home equity loans, etc., that's another story.
they ended up rolling it into their housenarlus said:
thats nothing, I know a couple that had 90K, and this was 10 years ago
yay! for bankruptcy
yay! for bankruptcy
We normally have none, but we have accumulated a little bit this summer thanks to the exensive-ass central air conditioning we had installed this past April. But that is now paid off, so the credit debt will disappear in no time.
Zero.
:zero:
We have all ours on a home equity bad boy....super low interest rate...allows some really cool landscaping ideas to freely flow....now we just have to keep throwing money at it so it'll disappear...
im in the hole for about $600 i think that is respectable...
zero -$
Zero! I pay my bill in full each month! :dancing:
My wife and I have some (around 5K), mostly from the lingering effects of years in graduate school and getting married. We're steadily paying them down and haven't used them in over a year and a half now. I expect we'll have it payed off in another year.
We finally have enough savings to cover us for a month or two in case of emergency. Now that we have that covered we'll be up'ing our monthly payments to the CC's. It's starting to look like the end of debt is near! Ah!
We finally have enough savings to cover us for a month or two in case of emergency. Now that we have that covered we'll be up'ing our monthly payments to the CC's. It's starting to look like the end of debt is near! Ah!
My wife and I carried some credit card debt back in '99 for about 6 months after we spent the summer jaunting around Europe.
That was money well spent!
That was money well spent!
I was at zero.
Then I went and got married. Now we're paying off a few thousand. Nothing major, should be gone by the end of the year. Mostly my wife's car repairs and other emergencies from her single life.
My ex had the theory that "you're going to be in debt in one way or another, so what does it matter". That really sucked.
Then I went and got married. Now we're paying off a few thousand. Nothing major, should be gone by the end of the year. Mostly my wife's car repairs and other emergencies from her single life.
My ex had the theory that "you're going to be in debt in one way or another, so what does it matter". That really sucked.
J
JRB
Guest
A bunch.
couple hundred bucks.... rough move and got in a pinch.... gets paid off every month.
zero debt. feels good.
laura said:
It makes you *much* more of a free person, too.
I can't think of a single drawback of being debt-free.
Well, other than not owning a house.
SkaredShtles said:
Well, other than not owning a house.
this is the nly drawback that i have found. being in debt is the only reason i don't want a house. one of these days i'll be a slave to the mortgage but i'm relishing in my freedom for now.
$ 2500 right now but that is because I used it to pay for our vaction last week. when the bill comes in will will be back to 0.
Zero credit card debt because we took out a small home equity loan and paid them off. Plus the interest on a 2nd mortgage is 100 percent tax deductible.
$200 because I just paid Chumba to weld disc tabs onto my Dean frame. BooYah!!!
You is a smart cookie.laura said:
I held off until I was 30.
Whoop it up until then.
That's a big goal. Good luck on it.rcoh said:
A big fat 0!
I guess it's easy to be debt free when you don't own anything but a bike and a suitcase....
I guess it's easy to be debt free when you don't own anything but a bike and a suitcase....
Use the credit card for everything but pay it off every month. When I graduated college I was carrying about $600 in CC debt. I was all stressed out about it and payed it off with my first paycheck, seems silly in retrospect.
None.
Yeah I'm free of dept. Of course, whenI set up a Visa, I only made my credit limit 500 dollars just in case I decide to act like a kid.
I pay my card off at the end of each month, just to establish credit.
Im kinda shocked at these poll results when the national credit card average is around 9k...
we must be a responsible bunch...
"The typical U.S. household at the end of 2002 owed an average of $8,940, up 8.5 percent over 2001 and a 173 percent increase since 1992, according to CardWeb.com."
we must be a responsible bunch...
"The typical U.S. household at the end of 2002 owed an average of $8,940, up 8.5 percent over 2001 and a 173 percent increase since 1992, according to CardWeb.com."
priceseliger14 said:
not bad for a 15 y/o w/ a brand new Ventana Cuervo.
I think it's more like the irresponsibleCrashby said:Im kinda shocked at these poll results when the national credit card average is around 9k...
we must be a responsible bunch...
"The typical U.S. household at the end of 2002 owed an average of $8,940, up 8.5 percent over 2001 and a 173 percent increase since 1992, according to CardWeb.com."
s are keeping their mouths shut. 
No CC debt. Just the mortgage and the car payment.
But most of us, I bet, do not fit into many of the typical American profile categories... overweight, in debt, high cholesterol, etc...
Yes, it is interesting...Crashby said:Im kinda shocked at these poll results when the national credit card average is around 9k...
we must be a responsible bunch...
"The typical U.S. household at the end of 2002 owed an average of $8,940, up 8.5 percent over 2001 and a 173 percent increase since 1992, according to CardWeb.com."
But most of us, I bet, do not fit into many of the typical American profile categories... overweight, in debt, high cholesterol, etc...
sunny said:
aye ohhh no body said nothing bout no high cholesterol...
J
JRB
Guest
I chimed in, but didn't vote. It's a lot.SkaredShtles said:I think it's more like the irresponsible