Credit Card Debt

[ALANRIDER7]

How much interest bearing CC debt do you currently have?

If you pay off your balance every month, check zero.

 

[stangmx13]

9k

trackdays/racing are addicting and crashing is expensive.

 

[mikev]

More than I'd like.

 

[1sicv8]

less than 1k.....


student loans however....:nchantr

 

[westie]

You can ask me about sex with my wife but don't get all personal about my debt.

 

[ALANRIDER7]

9k

trackdays/racing are addicting and crashing is expensive.

VISA/MasterCard are not sponsors.

 

[ALANRIDER7]

You can ask me about sex with my wife but don't get all personal about my debt.

Is she hawt?

 

[kevin 714]

I have zero debt at all, not just CC. im philisophically against it in anything other than an forced emergency.


debt is a great tool for business but a terrible one for personal use

 

[JesasaurusRex]

0-few thousand. I use a cc for almost all my purchases. Pay it off every few days, have never carried a balance long enough to get charged any interest

 

[KWeezyXB12]

0. no credit cards. i need to get one but still have no use. always paid in cash

 

[stangmx13]

VISA/MasterCard are not sponsors.

thats y i need someone else's Visa/Mastercard :laughing

 

[rodr]

Is it debt if you pay it off every month? That's the best way to use a card if you can... otherwise the interest rates are usually very high as compared to things like mortgages and auto loans.

 

[bergmen]

0. Haven't had a CC for 15 years or so.

Dan

 

[Wormwood]

My collection floats between 0-2000 and is paid down. Do most of my purchases on CC.

 

[MrIncredible]

Shouldn't the question be if you carry a balance on your credit card?

 

[Bubba_s]

Mods please change the thread title to "Post here how awesome you are for having zero debt"

:teeth

 

[Wormwood]

I've got a card from my CU with a low rate. I have been known to allow the balance to carry over but it is not the norm. The others get paid down as I purchase.

 

[Mr. White]

I have zero debt at all, not just CC. im philisophically against it in anything other than an forced emergency.


debt is a great tool for business but a terrible one for personal use

As a result of the debt we incurred when we bought our house, we could gross ~22% profit in 1.5 years if we sold the house right now. It's not all bad, IMO.

We pay as many bills as possible with an AMEX card and pay the bill in full every month. Other than that we have no CC debt.

 

[dmaxAl]

Debt is a tool. It can be used and misused. To state that debt has no positive role in private life is nonsensical, most especially here in the states where a bulk of small business files on personal 1040's. Debt is required to build a credit rating, once again pretty fundamental to life in the states for normal people.
Having said that, loading up on CC carryover debt is quite possibly the worst thing you could ever do, especially with prime being at ~0% cos of QE of the last 10 years....

 

[louemc]

How much interest bearing CC debt do you currently have?

If you pay off your balance every month, check zero.

No problem.. I don't even have a credit card, or any other card...
I don't do cards.