how much credit card debt are you in?
 

Whether it be business expenses or personal. How much debt are you in?


I am doing a survey for this new book I am reading. It recommends doing research to find out how much debt others are in, in the same industry.

Not a single dime in debt here. :2 cents:

I'm too broke to even own a credit card. I have coupons.

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8char..

Not a single cent of credit card debt. I've only used my cc card once and only then because I handed the cashier the wrong card. Interest sucks.

personal, about $5k

about 300-400$ (personnal)

I have like 300$ on my credit card, and nothing for my business

no debt here, i bought a home without a loan !

None. Making debt doesn't make any bussiness sense to me...

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they actually owe me money

$2000...

0 credit card. Car loan, It was 2%, I make more then that at the bank even. And a house mtge.

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people do owe me some $

a few k£ :glugglug

Personal - over £7k. :)

about $200.

hehe, where is everyone with the huge amounts in debt? I suppose this industry makes so much, you cant afford to be in debt.

I have 22k in debt. But that includes my 2002 ranger. I am working on being debt free in about 6-8 months.

Nada... If I'm going to give away money I like it to do some good :upsidedow

usually $50k ish each money - always paid in full

Can you give me some food coupons... I've ran out of food two weeks ago.. :(

Same here

£173.24 Not bad for me......

i pay off all cards in full every month.

:thumbsup

A few hundred bucks

done that yesterday

NEVER missed a total paiement since i work on this interweb thing :P

0. debit cards ALL the way

He was talking credit cards because otherwise I have few million on loans.

10k, put the Sportbike on a credit card :)

I pay off my CC every month, and never run a balance on it. I believe it's currently at around $750CAD.

Allowing credit card debt to linger is one of the worst debts you can accrue. Not only do they tag you with outrageous interest rates (some cards well over 20%!) but also with various late fees, service charges and other 'gotchas' that leave you paying far far more than the original balance if you let it sit even for a little while.

If you need to buy something big, get a line of credit or a loan. Credit card debt is brutal, and the card companies unforgiving and totally disinterested in your financial situation except how best to exploit it. :2 cents:

I try to get as mutch debt as I can get (realestate), but personal debt on creditcards -> 0$

0$, all surplus in my account baby ;)

I always consfuse strobi and slapass :(

exactly the same join date, similar postcount and nickname :disgust

hehe :)

(8char)

around $1k

absolutely none

if I can't afford to pay cash for it, i don't get it

i have never, nor will I ever own a credit card

i like to pay my mastercard with my visa....

Nada. Zero. Zip. $0.00 totalled! How? Ever hear of a debit card? Since debits came out, I haven't had one penny of debt! You're problem is you need to spend money you don't own.

heh, i think i owe about $150 on my visa card, and that's it. i like to pay with cash.

$0

8char

300 pounds

Debit Cards are the way to go.
My current balance on my cc is about $150.

zero....

Not a penny for credit cards or anything unsecured :thumbsup Paid off my cards years ago and do cash only for everything now, big or small :winkwink:


Ivy

:1orglaugh Why would you want to do that?

1 million dollars

To not get fucked by floating interest rate loans when they crank it up to avoid inflation, perhaps...

Although I agree, if you have enough money to buy a house outright, you'd be better off getting a fixed low rate loan and invest the money you would have spent on the purchase on investments that yeild a higher return. :thumbsup

there's something to be said for the psychological benefit of knowing that your house if completely paid for though...

Exactly. This guy said he did pay in full, so he could have done the same. :thumbsup Of course, it depends on where you're at in life, but as a general rule I think it's a bad financial decision to pay for a house in full when it can generate much more elsewhere for a while.