how much credit card debt do you have?

[shecky]

i am very happy with myself - i have finally paid all of my credit cards off and now carry a $0 balance for the first time in about 15 years. i had been carrying between $6,000 - $10,000 for a number of years and it makes me physically ill to think how much i have spent in interest payments on that (especially as i had very high interest rates as well).

i am curious how much debt you have on your cards? (no student loans, mortgages, etc.. just credit cards.)

 

[iJohnHenry]

Due to my age, and wisdom , I am a-typical.

I owe nothing, to anyone, at all.

And I love it.

 

[Saikou]

Wow, congrats man! That's great! Truly a feat to pay all of that off and have it off your shoulders. I'm sitting at 0% and hope to keep it that way.

 

[toolbox]

Yep my credit card is at 0 dollars, i have a 2000 dollar limit on it, how ever i was late with my payment the other day, wacked with a 25 dollar fee meh

 

[dukebound85]

$0 on credit cards

I do have about $15K in school loans though. Just graduated last May and have a job lined up so not too worried about that either

My car is all payed for too which is nice....granted its 19 years old but still awesome lol

 

[smt1192]

None, I don't have a credit card though.

 

[thechidz]

happy to say I can claim zero. lets not talk about student loans though

 

[shecky]

lets not talk about student loans though

yes, lol. lets not indeed. i am in the 6-figure segment of that particular club.

 

[yg17]

happy to say I can claim zero. lets not talk about student loans though

Ditto. Student loans are close to 100k, but zero credit card debt. Only time I ever carried a balance across billing periods was when I was out of town and forgot to pay it. Paid it a day later and got slapped with a lovely $40 fee.

 

[dukebound85]

ok quick question, those with like six figure student loan fees, how in the world can you afford the monthly payments? mine ar 180/month starting next month on only 15k principle. your guy's must be near 1k/month or more! yikes

 

[pianoman181]

ok quick question, those with like six figure student loan fees, how in the world can you afford the monthly payments? mine ar 180/month starting next month on only 15k principle. your guy's must be near 1k/month or more! yikes

So... I'm going to Rensselaer Polytechnic Institute. Tuition this year is a mere $50800. I get somewhere around $22000/year in academic scholarships. The rest are private and government loans in my name. Go ahead and do the math on this one.

 

[synth3tik]

I highly doubt that 85% of people have no credit card debt.

I moved around a lot when I was younger and never got any credit card applications until I was 22, by that time I had already got the credit through Apple to buy my computer and saw how much credit cards suck. I paid it off as soon as I was able to and never bothered to look at a single offer after that.

If I can't afford it at the time of purchase I just don't buy it.

 

[yg17]

ok quick question, those with like six figure student loan fees, how in the world can you afford the monthly payments? mine ar 180/month starting next month on only 15k principle. your guy's must be near 1k/month or more! yikes

Yup. That's why I live at home right now with my parents. Free rent. I'll get a place of my own once I get a raise. I just graduated back in May and got a job in June so it will be awhile.

 

[aethelbert]

I'm in debt for whatever I owe this month, which is probably less than a hundred bucks. Once the statement comes, I'll pay it and be free of debt until I use it again.

 

[Name101]

$12.87 AUD

I ran out of fuel on my motorbike and I had no cash.

ill pay it on Friday

but that does put me in the $1-$500 debt

 

[seattle]

Congrats Shecky. I have been debt free (Except mortgage) for many years and live well below my means.

 

[EricNau]

None. I always pay my bill in full.

 

[D.T.]

That's an astounding percentage of folks without CC debt - of that ~72%, I wonder how many don't actually have any CCs, and also the ages in that segment.

Due to my age, and wisdom , I am a-typical.

I owe nothing, to anyone, at all.

And I love it.

Outstanding. Assuming that means no car loans, no mortgage, no revolving credit of any sort?

 

[Muscle Master]

I had one 3 years ago with a $5000 limit which I defaulted on, lost my job and had a bad year of unemployment... I had to survive somehow. I even have a repo

Now that type of debt... Its like a noose around your neck... Plan to file bankruptcy the in the beginning of next year

 

[macquariumguy]

Due to my age, and wisdom , I am a-typical.

I owe nothing, to anyone, at all.

And I love it.

We paid our house off last year so we were in the same boat for a while. We recently took on some debt for a car, though. The loan was crazy cheap at less than 1%. I can't remember the last time we carried a balance on a credit card.

 

[ejb190]

I have a credit card that gets used a time or two a year for hotels and travel and paid off right away. I will use a credit card to protect my bank accounts from exposure from using my debit card. But I never use a card to buy something that I couldn't pay cash for.

I used to have a second card, but I had fraudulent charges and they reissued the card. Then i had more fraudulent charges before I even activated the new card. So I canceled the sucker. If their security was that bad, it wasn't worth the headaches.

 

[Plutonius]

$12.87 AUD

I ran out of fuel on my motorbike and I had no cash.

ill pay it on Friday

but that does put me in the $1-$500 debt

Nope. anyone who uses credit card gets some debt accrued during the month.

I believe the OP wants to know how much debt you are carrying over month to month.

 

[A.Goldberg]

No credit card debt. No car payments. And extremely fortunate enough not to have incurred student loans.

Depending if and where I decide to settle down, I'm thinking in the next year or two to look into purchasing property. No sense in throwing away money on a leased apartment, right?

 

[takao]

That's an astounding percentage of folks without CC debt - of that ~72%, I wonder how many don't actually have any CCs, and also the ages in that segment.

it's important to keep the amount international members in mind.Not only does card ownership differ a lot between countries but also the way credit cards "work":
For example in Austria all Master/Visa cards issued are automatically paid through your giro/banking account at the end of the Month, with no ability to roll it over. Unless you individually apply to pay it in rates and change the setting, which is approved by the Bank after checking your score again etc.
Most of those short term/credit thus piles up in the so called "Dispocredit" when you pull your giro/bank account account deep into the red. Thus credit cards usually are all 100% in the green despite the owner actually being stuck with high interest.
(Technically those Credit cards thus are more like glorifiy bank cards suitable for internetshopping and travel... because of that it's extremly difficult to find free credit cards.. usually the yearly fee is 20 euro+)

Also if i didn't want to travel much(car rentals,flights,hotels) or order from UK internet shops i wouldn't have ordered one myself either. You can get through life without one easily, it's usually just US based internet/service companies which just can't fathom that fact (apple store, netflix for example)

 

[roadbloc]

I don't do credit cards. (Actually, I don't know anyone who does to be honest.)