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Todays radio question: 03/07/05

post #1 of 28
Thread Starter 
Todays question was:

The average household has over $8000 in credit card debt. Do you have any credit card debt?

(answer only if you wish) (I think it's kind of personal)
post #2 of 28
I don't.
post #3 of 28
Nope, no credit card debt here. (and I have 5 credit cards).
post #4 of 28
Thread Starter 
Good for you guys! That is my dream, to be credit card debt free. I am sad to say we do.
post #5 of 28
I don't think I have credit card dept. But I do have a ton of student loans. As of now I'm $40,000 in the whole. Lets hope I get into grad school and get Grad assistant position or something!!!!
post #6 of 28
Yes, but only $2000. I feel better now!
post #7 of 28
No because im not risking buying a credit card...
But i am in debt of 150 euros because my bank grrr made a mistake and they wont fix it!
post #8 of 28
Um, I don't have one. I'm too young.
post #9 of 28
I have 6 credit cards. 3 carry NO balance; the other 3 carry a balance.

I'm under the $8,000, even after charging $1,000 at the Vet Saturday to save Snickers lovely LIFE! Lots of my debt is due to my house (fixer upper hand-me-down), so I'd say half of it has gone into Home Improvement. Years from now when I sell the place and move away, I'll make my money back.
post #10 of 28
No. I maintain a certain credit balance on my card, so that the credit card company has to pay me interest, and not vice-versa.
post #11 of 28
If I use them, I pay them off at the end of the month. I have no interest in paying interest!
post #12 of 28
No debt for me. I'm trying to start good habits young so I won't have any as I get older.
post #13 of 28
We have 3 credit cards and I only owe on my Victoria Secret one But that will be taken care of today
post #14 of 28
No debt.. I have a bunch of credit cards but pay them off as they are used, they are for convenience only. I hope the only debt I ever have is for a mortgage but we'll see what life throws me..
post #15 of 28
I wouldn't be able to sleep at night if I owed that much. We have a bit - about $1,500 between 2 cards (his and hers).

I had cards for department stores with a zero balance, but when we went to renegotiate our mortgage I found out that even if you owe nothing, whatever the limit on that card is is considered debt to the bank or loaning institution since you could go out tomorrow and run the card up to the max. In other words, I had a Bay card, Sears, Eatons each with a $2,000 limit so the bank considered me to have $6,000 debt even though the balance on each was zero.

I cancelled and cut up every card and now only have one Visa and my husband has his own Visa - and ONLY for emergencies. That's it! And our mortgage is paid up in 10 months! Yay!
post #16 of 28
Quote:
Originally Posted by kittylover4ever
Todays question was:

The average household has over $8000 in credit card debt. Do you have any credit card debt?

(answer only if you wish) (I think it's kind of personal)
I had to read that number twice. So, the average is $8000? That's a lot! I don't have any debt.
post #17 of 28
I am so glad that I don't!

But my brother-in-law and his wife are about 3 times more than the average.

Please, please use those cards wisely!
post #18 of 28
Quote:
Originally Posted by mrsd
If I use them, I pay them off at the end of the month. I have no interest in paying interest!
Same here! In fact both of my credit cards each shall be paid off tomorrow!

I hate credits cards though, in college I did have a bit of debt and the reason why my savings account is so depleted is because I decided to just pay it all off. Since then, I only use them if necessary and make sure I pay them all off before any interest can be accrued.
post #19 of 28
I have 2 credit cards with a total debt of about $700.00.
post #20 of 28
I didn't until I got married...acquired my DH's debt.
post #21 of 28
Quote:
Originally Posted by mrsd
If I use them, I pay them off at the end of the month. I have no interest in paying interest!

Yup, me too.

My bf actually goes online and transfers money from his bank account to his credit card account as soon as he charges something so he doesn't even owe at the end of the month. I think that's a little compulsive obsessive frankly, but if it keeps him out of debt, so be it.
post #22 of 28
I dont have any credit... So no credit card, im afraid.
post #23 of 28
Well, I was one of those gullible ones in college that signed up for a couple of credit cards b/c of the freebies (tshirts, cups) that they were giving away. Then I started spending with those cards and racked up a debt (though thankfully it was a bit under the national average). About a year and a half ago, I went to a credit counselor and now make only one payment a month to the credit counseling agencies. My cards will all be paid off in 2 years and the only debt I'll have (which is still a biggie) is my student loan.
post #24 of 28
no, i havent got a credit card, used to though and payed it off!
post #25 of 28
Nope...
post #26 of 28
My mum doesn't have a credit card so thankfull we have no credit card debt.
post #27 of 28
I didn't until I got married, and I'm sad to say that it's going to be a long walk uphill to get it all cleared away. However, The majority of it we paid off with a really low interest loan, and now we're pretty much clear on the cards except from our honeymoon (2000) and from Jason's TV stuff (Which, we sold our old TV to his bro for the cost of the new one, so that's actually Charlie's debt in a round about way) Also whatever we have left from our tax returns after we move, and what deposits we get back from our current place- are all going to paying off cards (so we can cancel all but 1)
post #28 of 28
I am sad to admit that I have about $900.00 credit card debt. But thats it.
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