How much debt do you have?

[Bjazzman]

$18000 in one card but being paid off on a lean

$11500 in another

$27500 total. but no school loans, house, car, etc...

is that outrageous?

[BassManPatsFan]

No offense, but $18000 + $11500 = $29500 actually. Therein may lie part of the problem.

[Joe Gress]

3 grand in an upright. My parents are paying for it right now, but I will pay them back sometime soon.

[FL Knifemaker]

None and my credit report reflects this...........and not in a good way The entire credit system is a scam. Being punished for responsible money management is BS.

[i_got_a_mohawk]

~£12000 in student loans.

~£1000 in debt on my current account.

[mvw356]

0

[L-A]

Exactly 500 bucks. Which I will pay when the bill comes in the mail, as usual.

Honestly, I think signing for a second credit card is usually a bad sign. Making minimum payments while spending money on other non-essential stuff is a ridiculously bad decision. But from a credit company's point of view, you need people like this.

[msquared]

Originally Posted by Bjazzman

is that outrageous?

Yes. Absolutely.

[fenderhutz]

Originally Posted by BassManPatsFan

No offense, but $18000 + $11500 = $29500 actually. Therein may lie part of the problem.

+1




This is WAAAY too much in revolving debt unless you are making over 150-200k per year.

[jonathan_matos5]

more every day but im a college student.

[NKUSigEp]

$32K in school loans and $4.2K for engagement ring but that's it.

[scottice]

$275k, my mortgage. Everything else is paid off.

Credit cards will kill you man. Use them ONLY when needed.
Try and have a plan not to charge any more than you can pay off in 6 months.

[Chunk-O-Funk]

Yes, that is a lot to have on credit cards.
I don't think I've ever put anything higher than $2500.00 on a C.C.
I also paid that off very quickly. I'd think I crap myself if I had that much on a credit card.


My own personal debt.
I own a mortgage (a house) with about $84,000.00 to go and I just got a used car at $10,000. Credit card only has less than $500.00.

[fdeck]

Originally Posted by Bjazzman

$18000 in one card but being paid off on a lean

$11500 in another

$27500 total. but no school loans, house, car, etc...

is that outrageous?

Depends on your income, and whether you debt is increasing or decreasing.

Some kinds of debt are not a bad thing per se. Some are.

[Mark Wilson]

$24,000 in Student Loans
$1,000 on Credit Card.

[warwick.hoy]

About $1700 on a car loan for a Trooper that died on me. They are garnishing my checks, but the way I see it; they screwed me, not the other way around.

I'm making it as difficult as possible for them to get my money. Haven't had a garnishment in about 3 months. I'm wondering if they have given up yet.

Other than that, I'm debt free.

To the OP, I could never imagine be that far in debt.

[Phalex]

I owe something like $16k on my house. Cars are paid for, and credit cards get paid off every month. I'm still worth a lot more dead than I am alive however.......

[Munjibunga]

None.

[Bjazzman]

I thought having a couple open lines of credit is a good thing. especially since I pay more than the minimum balance. and

I have no school loans or car payment or mortgage. or kids for that matter

[Fassa Albrecht]

At the moment, about $37000 of debt, mostly university loans.