How much of your life is on credit? - Page 2 - GoFuckYourself.com

raven1083 · 05-20-2008, 07:56 AM

I'd rather have debit card or rather than a credit card.

DateDoc · 05-20-2008, 07:56 AM

I used to charge way too much stuff but I eventually wised up. Paid everything off and now if I cannot afford to pay cash for it I do not buy it. Not being on the hook for money to someone else is a wonderful thing.

Chris · 05-20-2008, 07:57 AM

i just pulled this yesterday

i only have i thin like 3k in credit cards TOTAL
always been sorta a cash guy only.
I own my own house out right ... never really bothered to build credit it seems but i think i need to start

howard · 05-20-2008, 07:57 AM

also my wife is 47, been divorced, has good job, has nice money saved but been horible with credit...I mean like 500ish BAD..can't get a loan unless banks rape her with rates...

So she has plenty of cash but because she fucked her credit she's fucked (if she was single that is). Good DEBT (mortgage, low interest car loans, using credit card but paying off every month) are all keys to good credit...

GAMEFINEST · 05-20-2008, 08:11 AM

I owe 3 k on credit card ...bah

Peaches · 05-20-2008, 08:31 AM

I pay for almost EVERYTHING with a credit card, but pay it in full when the bills comes in. They are all reward cards (I think I have 12 or so).

Right now I owe money on my house, a car lease and Discover has 0% interest until August so I've only been paying the minimum for that bill and have the money to cover it when August comes around.

I'm also getting some dental work that will be 0% for a year that I'll use.

So really, the only "interest" I'm paying is the house and car. I have another car that's paid off and have seriously thought about driving it for a year and saving $$$ on gas, payments and insurance. But then I'll get to the dealer and see something pretty and shiny and all bets are off..............

I have more equity in my house than I owe on it and if I planned on staying here forever, I'd pay it off faster, but I go back and forth on that daily.

Sarah_Jayne · 05-20-2008, 09:02 AM

Quote:

Originally Posted by sniperwolf

It's called peace of mind! Which is good for you.

No credit card and no debt here, which I'm proud of!

Things that sometimes you have no control but I think you can settle that sooner!

Yup, it will be paid off by the time the wedding happens (in July) so I am not deeply worried or anything it just reminds me how much I hate credit. I think one important thing I have learned over the years that if I *have* to use a credit card that I only allow myself to do so if I can draw up an exact plan of when it will be paid back and stick to it.

Tom_PM · 05-20-2008, 09:12 AM

$0 being earned from me by credit companies.

Last thing I owed interest on was my car, and I paid it off in 1998 or so (2 yrs early).

Rochard · 05-20-2008, 09:13 AM

I don't really do the credit thing. If you can't afford it up front you shouldn't be buying it unless it's a very large purchase, such as a car or a house.

The only credit I have is for the house. We also have an account with Dell, but I haven't used it in a few years and pay it off the following month when I do.

Cash and carry is the way to go.

TurboAngel · 05-20-2008, 09:21 AM

Quote:

Originally Posted by Rochard

I don't really do the credit thing. If you can't afford it up front you shouldn't be buying it unless it's a very large purchase, such as a car or a house.

The only credit I have is for the house. We also have an account with Dell, but I haven't used it in a few years and pay it off the following month when I do.

Cash and carry is the way to go.

You got it! I owe for the 1st time on a new car. It sucks as this is the 1st time I didn't pay cash for it.

Why · 05-20-2008, 09:42 AM

i have no debt to anyone or any company and i like it that way.

Sid70 · 05-20-2008, 10:23 AM

just have a cc for 'just-in-case' situation, when abroad and no cash, 55 days grace period so its ok.

woj · 05-20-2008, 10:34 AM

Only idiots get into debt...

TubeTitans_SusieQ · 05-20-2008, 10:37 AM

90 percent....its a bitch

Isradude · 05-20-2008, 10:40 AM

Quote:

Originally Posted by Zuzana Designs

If I don't have the cash to pay for it, no need to have it ...

Casa Nova · 05-20-2008, 11:21 AM

I currently owe $320 on my CC, I rarely use it.

Peaches · 05-20-2008, 11:29 AM

Being in debt and having credit are two entirely different animals. At least in the US, more and more companies are running credit reports on new hires. Ditto with insurance companies. Many times having no credit can be just as bad as having poor credit.

Get a couple of cards, use them a few times a month, pay them in full when the bill comes and build up your credit.

Tom_PM · 05-20-2008, 11:33 AM

Yeah it's an evil truth.. you have to establish credit even if you never use it. IMHO someone with no credit history who is over 30 should get a FICO score of 800, but the world isn't mine.

Kudles · 05-20-2008, 11:52 AM

Thankfully I don't have that much debt.

IllTestYourGirls · 05-20-2008, 12:03 PM

Zero. Pay 'cash' for everything. Should be breaking ground on my house next summer. why pay 200k for something that costs 150k and why buy more than you really need?

CosmicTang · 05-20-2008, 12:04 PM

I used to hear i was living on borrowed time a lot when i was a teenager.

Sarah_Jayne · 05-21-2008, 02:45 AM

Quote:

Originally Posted by PR_Tom

Yeah it's an evil truth.. you have to establish credit even if you never use it. IMHO someone with no credit history who is over 30 should get a FICO score of 800, but the world isn't mine.

Yeah, I have had some issues with that in the past because I always paid by cash or debit. Which is why I have a card at all now but I hate having it.

Yngwie · 05-21-2008, 02:52 AM

right now I owe 56k on my mortgage, $500 on my credit card and $5k to a credit company, but all of that will be gone in the next 2 months. Sold the house and will pay off everything.

Sarah_Jayne · 05-21-2008, 07:39 AM

Quote:

Originally Posted by Yngwie

right now I owe 56k on my mortgage, $500 on my credit card and $5k to a credit company, but all of that will be gone in the next 2 months. Sold the house and will pay off everything.

I bet that will be a relief.

biggilo · 05-21-2008, 07:59 AM

You can't really count a mortgage in this surely.
I know some people are maybe going into negative equity, but over a long term property generally increases in value.
I think alot of the people who have 'investment' properties who are in trouble at the moment deserve what they get, but then as an ex UK IFA thats maybe just the way I see things...
At the moment I have 15 years to run on my mortgage of £100k and after the recent falls in property values I have around a 30% LTV, so generally I don't even think of myself as being in 'debt'

Sarah_Jayne · 05-21-2008, 08:15 AM

Quote:

Originally Posted by biggilo

You can't really count a mortgage in this surely.
I know some people are maybe going into negative equity, but over a long term property generally increases in value.
I think alot of the people who have 'investment' properties who are in trouble at the moment deserve what they get, but then as an ex UK IFA thats maybe just the way I see things...
At the moment I have 15 years to run on my mortgage of £100k and after the recent falls in property values I have around a 30% LTV, so generally I don't even think of myself as being in 'debt'

A mortgage is debt but I can understand how it is an acceptable debt for some. That said, in the UK a lot of people reach too hard for a mortgage that is really beyond their means. For example, when you hear of 100 percent or more mortgages that is just something that would feel uncomfortable with having.

Yngwie · 05-21-2008, 12:41 PM

Quote:

Originally Posted by Sarah_MaxCash

I bet that will be a relief.

a huge relief for sure.

Will Black · 05-21-2008, 12:47 PM

If your assets are less then your liabilities you are on credit.

ajrocks · 05-21-2008, 01:12 PM

If you can't pay for it don't buy it!

Yngwie · 05-21-2008, 01:39 PM

forgot to mention the $18k that I owe the tax man. This will also be paid in the next 2 months. I will have no debt at all and I will keep it that way.

Fap · 05-21-2008, 01:43 PM

no debt for me, pay off my CC monthly

MichaelP · 05-21-2008, 01:46 PM

Beside the about 30k left on the mortgage, none....

Sansa · 05-21-2008, 01:47 PM

Credit is a fantastic thing if used wisely. I have turned around fantastic deals using credit lines, etc. but it's not something I exercise in my daily life. AmEx and cash are the only things I use.

ztik · 05-21-2008, 01:52 PM

I don't even have any credit.. lol

sweetcuties · 05-21-2008, 01:57 PM

Quote:

Originally Posted by JimmiDean

I use a line of credit.
So long as you are responsible nothing to worry about.
You also have to look at your debt to net worth ratio.
example a guy who owes 85k on a 350 k house is a lot wealthier then the debt free guy renting an apartment.

Well said... all debt isn't bad. I'd rather be in debt with multiple properties, rather than not being in debt and not building wealth

GrouchyAdmin · 05-21-2008, 01:59 PM

I fell into credit card debt once. I vowed to live on the street before I ever owe those fuckers money longer than I can pay off in less than a year.

payd2purv · 05-21-2008, 02:11 PM

Quote:

Originally Posted by Sarah_MaxCash

I hate being in debt with a passion and I even get uncomfortable using a credit card and even though I do have one I pretty much always use a debit card instead. Of course, paying for a wedding throws that plan out of the window and I am hating having a credit card bill.

How much of your life is on credit rather than out rightly owned?

Absolutely nothing.

If you have $10k cc debt making minimum payments post here so I can laugh at you. (Not You O.P but anyone)

SirMoby · 05-21-2008, 02:16 PM

My mortgage is the only thing I've put on credit in that past 5 or more years. Cars are paid in cash.

I use my Am Ex for everything but I pay it off immediately so I never carry a balance. I just get the hotel points

Sarah_Jayne · 05-21-2008, 03:16 PM

Quote:

Originally Posted by payd2purv

Absolutely nothing.

If you have $10k cc debt making minimum payments post here so I can laugh at you. (Not You O.P but anyone)

I would probably have a heart attack if that was me.

Peaches · 05-21-2008, 03:33 PM

Quote:

Originally Posted by payd2purv

Absolutely nothing.

If you have $10k cc debt making minimum payments post here so I can laugh at you. (Not You O.P but anyone)

Laugh at me then. That's about how much I have on my 0% Discover card while the money is sitting in an interest bearing account. My dental work will be another $5K - 12 months, zero interest, while the money sits there making more money.

There are ways to play the credit game. Each of my CCs has rewards. I save 5% on BP gas using my BP card, 3% if I can't find a BP station and use my AAA card, $25 Amazon gift certificate for every $2500 charged, 10% off a day of purchases with $2500 on my Target card, etc. I don't even know what the interest rates are for these cards because I never pay interest on them.

Be responsible and credit is a good thing

Vendot · 05-21-2008, 04:00 PM

Credit is a serious issue in the UK.

Personally, I dont have any credit cards and I own all my possessions outright (including my car and properties). I didnt think I would ever consider taking out a mortgage for any future purchase but im now beginning to understand that in business some kind of leverage can be immensely powerful in making a business grow.

Debt is awful. Way too many people live beyond their means.

digifan · 05-21-2008, 04:12 PM

No debts at all... I paid back the house I own in 3 yr to the bank I hate debts so much.

05-20-2008, 07:56 AM	#51
raven1083 Confirmed User Join Date: Jul 2007 Posts: 7,687	I'd rather have debit card or rather than a credit card. __________________ Femdom Stories \| Bound BBW Blog and Videos \|Bondage Sex Videos and Pictures Hardcore Japanese Bondage \| BDSM Movies And Galleries Mistress Cuckold CBT

05-20-2008, 07:56 AM	#52
DateDoc Outside looking in. Industry Role: Join Date: Feb 2005 Location: To Hell You Ride Posts: 14,243	I used to charge way too much stuff but I eventually wised up. Paid everything off and now if I cannot afford to pay cash for it I do not buy it. Not being on the hook for money to someone else is a wonderful thing. __________________

05-20-2008, 07:57 AM	#53
Chris Too lazy to set a custom title Industry Role: Join Date: May 2003 Location: icq: 71462500 Skype: Jupzchris Posts: 27,880	i just pulled this yesterday i only have i thin like 3k in credit cards TOTAL always been sorta a cash guy only. I own my own house out right ... never really bothered to build credit it seems but i think i need to start __________________ [email protected]

05-20-2008, 07:57 AM	#54
howard Confirmed User Join Date: Feb 2002 Location: phila Posts: 1,827	also my wife is 47, been divorced, has good job, has nice money saved but been horible with credit...I mean like 500ish BAD..can't get a loan unless banks rape her with rates... So she has plenty of cash but because she fucked her credit she's fucked (if she was single that is). Good DEBT (mortgage, low interest car loans, using credit card but paying off every month) are all keys to good credit... __________________ perkissmedia.com [email protected] 318621803 perkymon993 Skype

05-20-2008, 08:11 AM	#55
GAMEFINEST Make STACK$ Industry Role: Join Date: Nov 2006 Location: sexy time Posts: 14,441	I owe 3 k on credit card ...bah __________________ Compound interest.

05-20-2008, 08:31 AM	#56
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	I pay for almost EVERYTHING with a credit card, but pay it in full when the bills comes in. They are all reward cards (I think I have 12 or so). Right now I owe money on my house, a car lease and Discover has 0% interest until August so I've only been paying the minimum for that bill and have the money to cover it when August comes around. I'm also getting some dental work that will be 0% for a year that I'll use. So really, the only "interest" I'm paying is the house and car. I have another car that's paid off and have seriously thought about driving it for a year and saving $$$ on gas, payments and insurance. But then I'll get to the dealer and see something pretty and shiny and all bets are off.............. I have more equity in my house than I owe on it and if I planned on staying here forever, I'd pay it off faster, but I go back and forth on that daily.

05-20-2008, 09:12 AM	#58
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	$0 being earned from me by credit companies. Last thing I owed interest on was my car, and I paid it off in 1998 or so (2 yrs early). __________________ 43-922-863 Shut up and play your guitar.

05-20-2008, 09:13 AM	#59
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 74,493	I don't really do the credit thing. If you can't afford it up front you shouldn't be buying it unless it's a very large purchase, such as a car or a house. The only credit I have is for the house. We also have an account with Dell, but I haven't used it in a few years and pay it off the following month when I do. Cash and carry is the way to go. __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

05-20-2008, 09:42 AM	#61
Why MFBA Industry Role: Join Date: Mar 2003 Location: PNW Posts: 7,230	i have no debt to anyone or any company and i like it that way.

05-20-2008, 10:23 AM	#62
Sid70 Downshifter Industry Role: Join Date: Dec 2002 Location: Road trip Posts: 16,413	just have a cc for 'just-in-case' situation, when abroad and no cash, 55 days grace period so its ok. __________________ Русня, идите нахуй!

05-20-2008, 10:34 AM	#63
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	Only idiots get into debt... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

05-20-2008, 10:37 AM	#64
TubeTitans_SusieQ Confirmed User Join Date: May 2007 Location: Sunny Florida Posts: 3,884	90 percent....its a bitch __________________ Make $40 on Every FREE Lifetime Registration ICQ: 370399852

05-20-2008, 11:21 AM	#66
Casa Nova Confirmed User Join Date: Mar 2007 Location: Toronto Posts: 2,867	I currently owe $320 on my CC, I rarely use it. __________________ ICQ: 405 009 573

05-20-2008, 11:29 AM	#67
Peaches Old broad Join Date: Oct 2002 Location: Away Posts: 13,933	Being in debt and having credit are two entirely different animals. At least in the US, more and more companies are running credit reports on new hires. Ditto with insurance companies. Many times having no credit can be just as bad as having poor credit. Get a couple of cards, use them a few times a month, pay them in full when the bill comes and build up your credit.

05-20-2008, 11:33 AM	#68
Tom_PM Porn Meister Industry Role: Join Date: Feb 2005 Posts: 16,443	Yeah it's an evil truth.. you have to establish credit even if you never use it. IMHO someone with no credit history who is over 30 should get a FICO score of 800, but the world isn't mine. __________________ 43-922-863 Shut up and play your guitar.

05-20-2008, 11:52 AM	#69
Kudles Confirmed User Join Date: Feb 2003 Location: Here There and Everywhere Posts: 5,477	Thankfully I don't have that much debt.

05-20-2008, 12:03 PM	#70
IllTestYourGirls Ah My Balls Industry Role: Join Date: Feb 2007 Location: Under the gold leaf ICQ 388-454-421 Posts: 14,311	Zero. Pay 'cash' for everything. Should be breaking ground on my house next summer. why pay 200k for something that costs 150k and why buy more than you really need? __________________

05-20-2008, 12:04 PM	#71
CosmicTang Confirmed User Join Date: Feb 2007 Location: Los Angeles, CA Posts: 1,478	I used to hear i was living on borrowed time a lot when i was a teenager. __________________ ICQ: 456.689.835 julian (at) orgasm (dot) com

05-21-2008, 02:52 AM	#73
Yngwie I am an Alien from space Industry Role: Join Date: May 2003 Location: Ontario, Canada Posts: 11,118	right now I owe 56k on my mortgage, $500 on my credit card and $5k to a credit company, but all of that will be gone in the next 2 months. Sold the house and will pay off everything. __________________ ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

05-21-2008, 07:59 AM	#75
biggilo Registered User Join Date: Jul 2007 Location: UK Posts: 87	You can't really count a mortgage in this surely. I know some people are maybe going into negative equity, but over a long term property generally increases in value. I think alot of the people who have 'investment' properties who are in trouble at the moment deserve what they get, but then as an ex UK IFA thats maybe just the way I see things... At the moment I have 15 years to run on my mortgage of £100k and after the recent falls in property values I have around a 30% LTV, so generally I don't even think of myself as being in 'debt'

05-21-2008, 12:47 PM	#78
Will Black Confirmed User Join Date: Jul 2007 Location: USA Posts: 261	If your assets are less then your liabilities you are on credit.

05-21-2008, 01:12 PM	#79
ajrocks Confirmed User Join Date: Nov 2004 Location: On Uranus Posts: 4,526	If you can't pay for it don't buy it! __________________ SEO Strategy - Digital Strategy - Cannabis Lead Generation Skype aj.durden1

05-21-2008, 01:39 PM	#80
Yngwie I am an Alien from space Industry Role: Join Date: May 2003 Location: Ontario, Canada Posts: 11,118	forgot to mention the $18k that I owe the tax man. This will also be paid in the next 2 months. I will have no debt at all and I will keep it that way. __________________ ICQ: 16544251 - Skype: gator37 @ eastlink.ca - email: yngwie @ isys.ca

05-21-2008, 01:43 PM	#81
Fap Just Du It Industry Role: Join Date: Feb 2004 Posts: 12,094	no debt for me, pay off my CC monthly

05-21-2008, 01:46 PM	#82
MichaelP Registered User Industry Role: Join Date: Aug 2003 Location: QWEBEC Corporate Office Posts: 7,124	Beside the about 30k left on the mortgage, none.... Last edited by MichaelP; 05-21-2008 at 01:47 PM..

05-21-2008, 01:47 PM	#83
Sansa Confirmed User Join Date: Apr 2007 Posts: 293	Credit is a fantastic thing if used wisely. I have turned around fantastic deals using credit lines, etc. but it's not something I exercise in my daily life. AmEx and cash are the only things I use. __________________ Beat the shitty economy by becoming a loan shark.

05-21-2008, 01:52 PM	#84
ztik Confirmed User Industry Role: Join Date: Aug 2001 Location: Nomad Posts: 5,196	I don't even have any credit.. lol __________________ .

05-21-2008, 01:59 PM	#86
GrouchyAdmin Now choke yourself! Industry Role: Join Date: Apr 2006 Posts: 12,085	I fell into credit card debt once. I vowed to live on the street before I ever owe those fuckers money longer than I can pay off in less than a year. __________________ AIM: GrouchyGfy

05-21-2008, 02:16 PM	#88
SirMoby Confirmed User Join Date: Jan 2003 Posts: 583	My mortgage is the only thing I've put on credit in that past 5 or more years. Cars are paid in cash. I use my Am Ex for everything but I pay it off immediately so I never carry a balance. I just get the hotel points __________________ Make Serious Money With Hungarian Honeys From NS Cash

05-21-2008, 04:00 PM	#91
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Credit is a serious issue in the UK. Personally, I dont have any credit cards and I own all my possessions outright (including my car and properties). I didnt think I would ever consider taking out a mortgage for any future purchase but im now beginning to understand that in business some kind of leverage can be immensely powerful in making a business grow. Debt is awful. Way too many people live beyond their means. __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell Last edited by Vendot; 05-21-2008 at 04:02 PM..

05-21-2008, 04:12 PM	#92
digifan The Profiler Industry Role: Join Date: Oct 2002 Location: ICQ 76281726 and I'm female Posts: 14,618	No debts at all... I paid back the house I own in 3 yr to the bank I hate debts so much. __________________ [email protected] Webair Rocks