How much is your total debt?

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  • Paul Markham
    Too old to care
    • Jun 2001
    • 52942

    #1

    How much is your total debt?

    How much debt do you have?

    Reading some articles about debt today in the West and it was scary what people carry. Here's just CC debt in the US

    Quarterly Credit Card Debt in the United States Since 2010:[1]
    Q2 2011: $771.7 billion
    Q1 2011: $764.0 billion
    Q4 2010: $810.2 billion
    Q3 2010: $790.8
    Q2 2010: $801.1
    Q1 2010: $811.9
    Add the car and mortgage and that's scary.

    So how much is your CC debt?
    81
    Nothing
    0%
    58
    $100
    0%
    3
    $1000 to $1999
    0%
    4
    $2000 to $399
    0%
    3
    $4000 to $5999
    0%
    1
    $6,000+
    0%
    0
    $8000+
    0%
    5
    Too scared to think about
    0%
    7



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  • baddog
    So Fucking Banned
    • Apr 2001
    • 107089

    #2
    I have not owed money on a credit card for probably 10 years now.

    Comment

    • Paul Markham
      Too old to care
      • Jun 2001
      • 52942

      #3
      Originally posted by baddog
      I have not owed money on a credit card for probably 10 years now.
      Makes two of us then. Stupidest way to borrow money ever.

      Reading some posts here I think some might have too much debt.



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      Comment

      • Sly
        Let's do some business!
        • Sep 2004
        • 31377

        #4
        $800 billion divided by 250 million adults is $3,200.
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        Comment

        • CurrentlySober
          Too lazy to wipe my ass
          • Aug 2002
          • 38945

          #5
          Zero

          8char


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          Comment

          • 96ukssob
            So Fucking Banananananas
            • Mar 2003
            • 12991

            #6
            i looked at this and thought there is NO way most the people here have no car or house debt... didn't see it was for CC debt
            Email: Clicky on Me

            Comment

            • Farang
              one sick puppy
              • Oct 2004
              • 11711

              #7
              No CC, no car, no house debt. Nothing, ever
              fbm

              Comment

              • CYF
                Coupon Guru
                • Mar 2009
                • 10973

                #8
                I have a mortgage, but no car payments. I normally carry a 0 balance on the credit cards but just had some dental work done. Root canal, cavity, cleaning and x-rays. It went on a card.
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                Comment

                • Roald
                  SecretFriends.com
                  • May 2001
                  • 27910

                  #9
                  about $200 on the CC which I had to use to book a hotel online. Besides the occasional online payment I hardly ever use the CC. Waste of money looking at the interest rates on it.


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                  Comment

                  • Rochard
                    Jägermeister Test Pilot
                    • Dec 2001
                    • 75733

                    #10
                    I don't have credit cards - haven't since 1997 or so.

                    I have two friends of mine that I love to quote as the perfect example of what went wrong during the recession. They had rather average jobs and lots of neat toys, all on credit. They lost everything - their jobs, their house, their toys, and their dignity... And son of a bitch, a few years after their bankruptcy they are back at it again - two new motorcycles and a $40k used Vette.

                    The only thing we have on credit is our house.

                    I've recently discovered the joy of used cars. Remember that car you dreamed about as a kid? That Monte Carlo SS, that Corvette your neighbor had, that Camaro.... They are all dirt cheap now. I bought a used truck - A Chevy Stepside - for $2k, did $2k of repairs, and then a cheap paint job.... Some of the repairs I did myself. Now I have a truck that is like brand new for $6k - Much better than getting a loan for $25k for some Kia or Toyota.
                    Herschel Savage
                    Brooklyn, NY

                    Comment

                    • BlackCrayon
                      Too lazy to set a custom title
                      • Jun 2003
                      • 19634

                      #11
                      i have a few grand on a credit card. i used the card for capital to expand my business. probably not the best way to go about doing it but it worked and its mostly paid off now.

                      low interest car loans are to blame for the current increasing household debt. most people have mortgages, and don't typically count that towards the debt but some people are taking on two car loans, multiple credit cards and line of credit loans.

                      credit card companies are to blame in some manner as well. sure, everyone should be responsible and not use credit cards unless an emergency comes up but unfortunately most aren't that responsible and constantly upping the credit on cards automatically is a dirty trick they use to get you trapped in debt. thankfully that is now against the law in canada. they can't up the limit unless you request it.
                      Last edited by BlackCrayon; 09-06-2012, 10:21 AM.
                      you don't know you're wearing a leash if you sit by the peg all day..

                      Comment

                      • arock10
                        Confirmed User
                        • Jan 2006
                        • 6217

                        #12
                        CC debt a whole lot different then debt, confusing title there Paulyboy.

                        I ran balances back in the day when I started in adult, buying traffic, sites and making money. Haven't had any reason to run balances for years though, it'd be by far the highest rate making it the first thing to be paid down
                        Sup

                        Comment

                        • campimp
                          Confirmed User
                          • Jan 2007
                          • 1340

                          #13
                          CC = 0

                          mortgage, well that is a different story

                          Comment

                          • AlexFS
                            Confirmed User
                            • May 2011
                            • 418

                            #14
                            Absolute 0.

                            Comment

                            • BIGTYMER
                              Junior Achiever
                              • Nov 2004
                              • 17066

                              #15
                              Zilch. CC's were paid off a few years ago.

                              Comment

                              • sarettah
                                see you later, I'm gone
                                • Oct 2002
                                • 14330

                                #16
                                I have about a gazillion dollars in debt but it is ok cause I have like twentyfinity bucks in the bank


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                                • Barry-xlovecam
                                  It's 42
                                  • Jun 2010
                                  • 18083

                                  #17
                                  Not more that I could pay off at any moment these days.

                                  Comment

                                  • pornguy
                                    Too lazy to set a custom title
                                    • Mar 2003
                                    • 62910

                                    #18
                                    We have 2 credit cards and both are paid at the end of every month
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                                    • theking
                                      Nice Kitty
                                      • Sep 2002
                                      • 21053

                                      #19
                                      I have zero debt of any type. I have one credit card which I use when I want to buy something that is on line and if I use it...I pay it off every month.
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                                      Comment

                                      • Scott McD
                                        Too lazy to set a custom title
                                        • Nov 2002
                                        • 67792

                                        #20
                                        Nothing on the CC, but we do have big ass mortgage payments!


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                                        Comment

                                        • L-Pink
                                          working on my tan
                                          • Mar 2005
                                          • 39151

                                          #21
                                          I owe no one anything. Zilch, zero. I have a couple debit cards with large limits, no credit cards. No car, house loans. All I owe is upcoming utility bills.

                                          Part of this is just living a different lifestyle part is because there is no positive value for money only a negative value. By this I mean cash will earn you virtually no interest but a cash debt still carries high interest charges.

                                          If you have cash then debt/interest is foolish. The best return you can get for cash right now is to never pay interest.

                                          .
                                          Last edited by L-Pink; 09-06-2012, 11:19 AM.

                                          Comment

                                          • Makaveli
                                            Confirmed User
                                            • Feb 2001
                                            • 1027

                                            #22
                                            Not a damn thing currently.

                                            Comment

                                            • Grapesoda
                                              So Fucking Banned
                                              • Jul 2003
                                              • 46234

                                              #23
                                              Originally posted by Paul Markham
                                              How much debt do you have?

                                              Reading some articles about debt today in the West and it was scary what people carry. Here's just CC debt in the US



                                              Add the car and mortgage and that's scary.

                                              So how much is your CC debt?
                                              only 1 car lease.. owe about $2800

                                              Comment

                                              • seeandsee
                                                Check SIG!
                                                • Mar 2006
                                                • 50945

                                                #24
                                                will never be under cc debt!
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                                                • Ross
                                                  Ik ben een aap
                                                  • Sep 2002
                                                  • 18874

                                                  #25
                                                  I don't count my mortgage as debt as I have more than 30% equity in my home. I have around $1200 on my Visa card because I booked flights to Europe recently and the bill isn't due to be paid yet, that'll be gone by Sept 14th. I have no balances on any of my other CC's, no overdraft, nothing.

                                                  Comment

                                                  • Freaky_Akula
                                                    Confirmed User
                                                    • Oct 2005
                                                    • 3670

                                                    #26
                                                    Zero debt.

                                                    Comment

                                                    • loreen
                                                      myadultdesign.com
                                                      • May 2004
                                                      • 12558

                                                      #27
                                                      Nothing.
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                                                      • KingNigel
                                                        Confirmed User
                                                        • Aug 2006
                                                        • 1756

                                                        #28
                                                        Nothing.
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                                                        • ottopottomouse
                                                          She is ugly, bad luck.
                                                          • Jan 2010
                                                          • 13177

                                                          #29
                                                          My credit card is just a way of spending money i've got without carrying the cash around - online/petrol/anything big in a shop. Paid off at the end of every month. I wouldn't call it a debt.
                                                          ↑ see post ↑
                                                          13101

                                                          Comment

                                                          • Chosen
                                                            • Aug 2001
                                                            • 63151

                                                            #30
                                                            Nothing

                                                            Comment

                                                            • NewNick
                                                              Confirmed User
                                                              • Mar 2009
                                                              • 7230

                                                              #31
                                                              I met a guy this evening in a bar in Amsterdam.

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                                                              • x-rate
                                                                Confirmed User
                                                                • Jun 2008
                                                                • 725

                                                                #32
                                                                I use my credit card to get points only. Most of time I buy something on it and make a transfert right away from my bank account on the card.
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                                                                • - Jesus Christ -
                                                                  Confirmed User
                                                                  • Mar 2003
                                                                  • 7197

                                                                  #33
                                                                  Those of us with no debt always end up being punished and shoulder the burden for the sea of morons around us who are in debt.

                                                                  There is no free market.

                                                                  Amen

                                                                  Comment

                                                                  • DVTimes
                                                                    xxx
                                                                    • Jun 2003
                                                                    • 31650

                                                                    #34
                                                                    Originally posted by Paul Markham
                                                                    How much debt do you have?

                                                                    Reading some articles about debt today in the West and it was scary what people carry. Here's just CC debt in the US



                                                                    Add the car and mortgage and that's scary.

                                                                    So how much is your CC debt?
                                                                    talking of depts, has damian payed his money to your charity yet?

                                                                    he seems to have stoped posting on this forum when he lost his bet.

                                                                    i guess he has not the cash.
                                                                    XXX

                                                                    Comment

                                                                    • fuzebox
                                                                      making it rain
                                                                      • Oct 2003
                                                                      • 22353

                                                                      #35
                                                                      It's been a long time since I owed anyone anything.

                                                                      Comment

                                                                      • Brad Mitchell
                                                                        Confirmed User
                                                                        • Nov 2001
                                                                        • 9813

                                                                        #36
                                                                        Shit I had more credit card debt than that when I graduated high school. None now, but I've read the average household had about $25,000 or so.

                                                                        If you ask me the Feds should have paid out and cancelled everyone's cards for a trillion and then added some real credit rules. My guess is then the banks could have eaten the loss on the mortgages. Instead, we are all still fucked as a nation.

                                                                        Brad
                                                                        President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
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                                                                        • VenusBlogger
                                                                          So Fucking Banned
                                                                          • Nov 2011
                                                                          • 1540

                                                                          #37
                                                                          so MAGICALLY nobody in GFY has CC DEBT... STRANGE and HARD TO BELIEVE.

                                                                          BTW, if you know how to use it, there is nothing wrong with it, you get points, discounts and such and you dont lose money with any interest shit if you know how to PROPERLY use a CC.

                                                                          But I hardly think most people here own a TRUE CREDIT CARD (not the paxum/payoneer or whatever)...

                                                                          TRUE CREDIT CARDS are not being given away to anyone.

                                                                          For example freelance webmasters in some countries could NEVER EVER GET A TRUE CREDIT CARD because the issuing BANKS REQUIRE YOU to have a FIXED MONTHLY INCOME from a company... showing your CCBILL STATS or checks are not enough to get a CC...

                                                                          yeah yeah, now some idiot HERE that says he doesn't use the CC ever, will tell me that he can easily get 56356536536356 different credit cards. FUCK YOU ASSHOLE.

                                                                          Most people here like to show off and saying: "im the most richest in planet, i convert at 1:1 any sponsor, my sales are 425445 per hour and i have no debt because im superior, smart, prettier than brad pitt and most famous than a hollywood star.."..

                                                                          Fuck you SHOWING OFF FAKE asshole.

                                                                          PIRIOD.

                                                                          Comment

                                                                          • Spunky
                                                                            I need a beer
                                                                            • Jun 2002
                                                                            • 133978

                                                                            #38
                                                                            I pay it off every month

                                                                            Comment

                                                                            • trustedrevenue
                                                                              Confirmed User
                                                                              • Aug 2012
                                                                              • 86

                                                                              #39
                                                                              not a single cent
                                                                              https://www.youtube.com/channel/UCG8...oRgzh4NUrKjzug

                                                                              Comment

                                                                              • Paul Markham
                                                                                Too old to care
                                                                                • Jun 2001
                                                                                • 52942

                                                                                #40
                                                                                You guys are doing well.



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                                                                                Comment

                                                                                • baddog
                                                                                  So Fucking Banned
                                                                                  • Apr 2001
                                                                                  • 107089

                                                                                  #41
                                                                                  Originally posted by VenusBlogger
                                                                                  so MAGICALLY nobody in GFY has CC DEBT... STRANGE and HARD TO BELIEVE.

                                                                                  BTW, if you know how to use it, there is nothing wrong with it, you get points, discounts and such and you dont lose money with any interest shit if you know how to PROPERLY use a CC.

                                                                                  But I hardly think most people here own a TRUE CREDIT CARD (not the paxum/payoneer or whatever)...

                                                                                  TRUE CREDIT CARDS are not being given away to anyone.

                                                                                  For example freelance webmasters in some countries could NEVER EVER GET A TRUE CREDIT CARD because the issuing BANKS REQUIRE YOU to have a FIXED MONTHLY INCOME from a company... showing your CCBILL STATS or checks are not enough to get a CC...

                                                                                  yeah yeah, now some idiot HERE that says he doesn't use the CC ever, will tell me that he can easily get 56356536536356 different credit cards. FUCK YOU ASSHOLE.

                                                                                  Most people here like to show off and saying: "im the most richest in planet, i convert at 1:1 any sponsor, my sales are 425445 per hour and i have no debt because im superior, smart, prettier than brad pitt and most famous than a hollywood star.."..

                                                                                  Fuck you SHOWING OFF FAKE asshole.

                                                                                  PIRIOD.
                                                                                  Hey, dumbass, not everyone on GFY responded. I have zero CC debt because once I eliminated that problem I stopped buying things I could not pay for. I pay for flights and hotels and my cell phones with a CC, but it is set to auto-pay every month for the full balance. I never see it, it just gets paid.

                                                                                  I watch people charge their groceries and I cringe.They will never be out of debt. Once I realized that CC's were not my friend I brought them down to one and I never use it as a credit card.

                                                                                  Comment

                                                                                  • VenusBlogger
                                                                                    So Fucking Banned
                                                                                    • Nov 2011
                                                                                    • 1540

                                                                                    #42
                                                                                    Originally posted by baddog
                                                                                    Hey, dumbass, not everyone on GFY responded. I have zero CC debt because once I eliminated that problem I stopped buying things I could not pay for. I pay for flights and hotels and my cell phones with a CC, but it is set to auto-pay every month for the full balance. I never see it, it just gets paid.

                                                                                    I watch people charge their groceries and I cringe.They will never be out of debt. Once I realized that CC's were not my friend I brought them down to one and I never use it as a credit card.
                                                                                    really and how is it all automatically SET to AUTO PAY?? Strange... do you have robots to do everything for you?

                                                                                    if you want to cancel something, you must PAY IT.. with your money..

                                                                                    its not being cancelled automatically..

                                                                                    You put money in your bank account, and you pay your credit card.. nothing is done automatically...

                                                                                    unless you have robots working for you.

                                                                                    Or are you those rich fuckers who never have a PAPER BILL in your pocket and you do all electronically? WTF DUDE?

                                                                                    Comment

                                                                                    • CYF
                                                                                      Coupon Guru
                                                                                      • Mar 2009
                                                                                      • 10973

                                                                                      #43
                                                                                      Originally posted by VenusBlogger
                                                                                      really and how is it all automatically SET to AUTO PAY?? Strange... do you have robots to do everything for you?
                                                                                      you can set that up through your CC company's website. Both of the cards I have allow you to do that, it's not magic
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                                                                                      • papill0n
                                                                                        Unregistered Abuser
                                                                                        • Oct 2007
                                                                                        • 15547

                                                                                        #44
                                                                                        Originally posted by VenusBlogger
                                                                                        really and how is it all automatically SET to AUTO PAY?? Strange... do you have robots to do everything for you?

                                                                                        if you want to cancel something, you must PAY IT.. with your money..

                                                                                        its not being cancelled automatically..

                                                                                        You put money in your bank account, and you pay your credit card.. nothing is done automatically...

                                                                                        unless you have robots working for you.

                                                                                        Or are you those rich fuckers who never have a PAPER BILL in your pocket and you do all electronically? WTF DUDE?

                                                                                        cant tell if serious

                                                                                        Comment

                                                                                        • sojproductions
                                                                                          Confirmed User
                                                                                          • Aug 2006
                                                                                          • 2160

                                                                                          #45
                                                                                          I have some CC debt, not alot, i did use them about 7-8 years back to an extreme and it got a bit out of hand, UK banks were offering me £15k limit cards, it was stupid, I now have 2 and I can bounce the balance at 0% interest for 9 months at a time, I bought a new bike on it, interest worked out better, i have plenty of equity / assets so managed correctly CC debt isn't all bad. Just gotta keep an eye on them, they have a habit of changing the rules/interest overnight.
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                                                                                          • VenusBlogger
                                                                                            So Fucking Banned
                                                                                            • Nov 2011
                                                                                            • 1540

                                                                                            #46
                                                                                            Originally posted by CYF
                                                                                            you can set that up through your CC company's website. Both of the cards I have allow you to do that, it's not magic
                                                                                            yes yes, but AUTO PAY with what?... with another CC??..

                                                                                            I guess you mean with a bank account...

                                                                                            BUT STILL, you need money to pay that... and to have money, you need to go to your bank and put money in the account, or DO SOMETHING to put money in the account..

                                                                                            unless you are a millionaire who has 2 million in his account and uses it to AUTO-PAY EVERYTHING for the next 10 years...

                                                                                            Are you that guy?

                                                                                            Comment

                                                                                            • StariaDaniel
                                                                                              Confirmed User
                                                                                              • Oct 2007
                                                                                              • 415

                                                                                              #47
                                                                                              Don't have a "real" credit card either, just using a debit card for payments that need to be made by cc. Car is on a lease, all accounts in the black, no mortgage - guess I'm fine

                                                                                              Originally posted by VenusBlogger
                                                                                              so MAGICALLY nobody in GFY has CC DEBT... STRANGE and HARD TO BELIEVE.
                                                                                              Maybe the ones with debt just didn't reply?

                                                                                              Originally posted by VenusBlogger
                                                                                              But I hardly think most people here own a TRUE CREDIT CARD (not the paxum/payoneer or whatever)...

                                                                                              TRUE CREDIT CARDS are not being given away to anyone.

                                                                                              For example freelance webmasters in some countries could NEVER EVER GET A TRUE CREDIT CARD because the issuing BANKS REQUIRE YOU to have a FIXED MONTHLY INCOME from a company... showing your CCBILL STATS or checks are not enough to get a CC...
                                                                                              So, in your experience, if you've a steady income like 5000 USD +/- 1k per month for a year or two you think a bank would miss out to offer you a real credit card? Probably a better deal for them then giving it to someone with a 9-5 job that pays half of that ...
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                                                                                              • AllAboutCams
                                                                                                Femcams.com
                                                                                                • Jul 2011
                                                                                                • 12234

                                                                                                #48
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                                                                                                • papill0n
                                                                                                  Unregistered Abuser
                                                                                                  • Oct 2007
                                                                                                  • 15547

                                                                                                  #49
                                                                                                  Originally posted by StariaDaniel
                                                                                                  Don't have a "real" credit card either, just using a debit card for payments that need to be made by cc. Car is on a lease, all accounts in the black, no mortgage - guess I'm fine


                                                                                                  Maybe the ones with debt just didn't reply?


                                                                                                  So, in your experience, if you've a steady income like 5000 USD +/- 1k per month for a year or two you think a bank would miss out to offer you a real credit card? Probably a better deal for them then giving it to someone with a 9-5 job that pays half of that ...
                                                                                                  just so you dont waste too much time man, the guy you are replying too is 100% crazy

                                                                                                  Comment

                                                                                                  • CYF
                                                                                                    Coupon Guru
                                                                                                    • Mar 2009
                                                                                                    • 10973

                                                                                                    #50
                                                                                                    Originally posted by VenusBlogger
                                                                                                    yes yes, but AUTO PAY with what?... with another CC??..

                                                                                                    I guess you mean with a bank account...

                                                                                                    BUT STILL, you need money to pay that... and to have money, you need to go to your bank and put money in the account, or DO SOMETHING to put money in the account..

                                                                                                    unless you are a millionaire who has 2 million in his account and uses it to AUTO-PAY EVERYTHING for the next 10 years...

                                                                                                    Are you that guy?
                                                                                                    Wow, you're dense. Auto pay simply means it comes out of your checking account on the due date.

                                                                                                    btw my magic robots are called direct deposit, but I do have some checks that I have to bring to the bank. The flying carpet auto drives me there though.
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