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What is your credit card debt?
OptionResults
Maxed out!!14 Votes - [8.19%]
Have a balance every month46 Votes - [26.9%]
Pay it off every month93 Votes - [54.39%]
I have no credit cards18 Votes - [10.53%]

2008-11-14 3:03 PM

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Member
1699
1000500100252525
Subject: What is your credit card debt?
From another thread, what is your credit card debt level?

Maxed out, leave a balance every month, pay it off every month completely?


2008-11-14 3:03 PM
in reply to: #1809255

User image

Subject: RE: What is your credit card debt?
Had to play catch up a bit after getting re-employed, but as of this month back to paying it off every month
2008-11-14 3:18 PM
in reply to: #1809255

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Pro
4089
20002000252525
Without house
Subject: RE: What is your credit card debt?
While I currently have a balance, I am working very diligently at not adding anything additional and paying off what's there.
2008-11-14 3:21 PM
in reply to: #1809305

Subject: ...
This user's post has been ignored.
2008-11-14 3:22 PM
in reply to: #1809255

Expert
1379
1000100100100252525
Woodland, California
Subject: RE: What is your credit card debt?

Through my college years and a couple years after, I carried a 4-digit balance.  Took some HTFU, but I paid it off 2 years ago, and I hope to never go back.

Now it's time to go stimulate the economy and buy a new bike (with cash, of course)!!

2008-11-14 3:23 PM
in reply to: #1809255

Regular
185
100252525
Subject: RE: What is your credit card debt?
Paid off every month.


2008-11-14 3:29 PM
in reply to: #1809313

Member
1699
1000500100252525
Subject: RE: What is your credit card debt?
Zilla - 2008-11-14 3:21 PM

I have only ever had ONE credit card.  I've had it since 1982.  Have paid it off in full every single month since then.  I'm anal like that.


Well done. I have missed a few payments here and there by accident, but never anything big. I now have an automatic transfer set up so I can never miss a minimum payment if I forget again.


2008-11-14 3:31 PM
in reply to: #1809255

Master
1790
1000500100100252525
Subject: RE: What is your credit card debt?
2008-11-14 3:35 PM
in reply to: #1809313

Expert
3974
200010005001001001001002525
MA
Subject: RE: What is your credit card debt?
Zilla - 2008-11-14 4:21 PM

I'm anal like that.



Careful... people around here have a way of making quotes stick.

I can't believe I was the first person to vote "I have no credit cards".
2008-11-14 4:01 PM
in reply to: #1809305

Champion
4835
2000200050010010010025
Eat Cheese or Die
Subject: RE: What is your credit card debt?
maggyruth - 2008-11-14 3:18 PM

While I currently have a balance, I am working very diligently at not adding anything additional and paying off what's there.


Thats where we are. Although Amex just lowered our credit limit which made that card within a couple hundred bucks of being maxed previously we were about $9000 from making it. We have 3 credit cards left with a balance. We've paid off two and canceled those accounts. We haven't added anything to them in a year. We are looking at having them all paid off in another year.
2008-11-14 4:06 PM
in reply to: #1809255

Pro
4339
2000200010010010025
Husker Nation
Subject: RE: What is your credit card debt?
No credit cards. I get 0% financing every time I pay with cash!


2008-11-14 4:14 PM
in reply to: #1809255

Pro
4311
20002000100100100
Texas
Subject: RE: What is your credit card debt?
0. I have a car loan that I'm over a year ahead on, but that's my only debt.
2008-11-14 4:35 PM
in reply to: #1809433

Champion
6539
5000100050025
South Jersey
Subject: RE: What is your credit card debt?
I've always paid it in full, never carried a balance.
2008-11-14 6:28 PM
in reply to: #1809255

Elite
4564
200020005002525
Boise
Subject: RE: What is your credit card debt?
I almost at $2k due to putting a summer class on my card.
2008-11-14 7:08 PM
in reply to: #1809255

Elite
2998
2000500100100100100252525
Fishers, Indiana
Subject: RE: What is your credit card debt?

I pay in full every month. I use it for convenience and the rewards (like airline tickets) I wouldn't get if I used cash/debit. But, I carry NO credit card debt.

2008-11-15 1:20 AM
in reply to: #1809255

Expert
805
500100100100
Portland,OR
Subject: RE: What is your credit card debt?
Wish I paid it off every month but not possible until I finish grad school.


2008-11-15 7:35 AM
in reply to: #1809255

Elite
3022
20001000
Preferably on my bike somewhere
Subject: RE: What is your credit card debt?
Wife and I pay off every month. I think 2 times in the last 12 years have we carried a balance into the next month. We are both very proud of that fact, and have worked hard to keep it that way.
2008-11-15 7:40 AM
in reply to: #1809635

Extreme Veteran
710
500100100
Wilmington, NC
Subject: RE: What is your credit card debt?
TexasMPGal - 2008-11-14 8:08 PM

I pay in full every month. I use it for convenience and the rewards (like airline tickets) I wouldn't get if I used cash/debit. But, I carry NO credit card debt.



Same here for me. I have no balance on the card but I use it like a debit card to get the airmiles. I pay it off every Friday! Starting today it's double airmiles for a whole month! Woohoo!
2008-11-15 7:49 AM
in reply to: #1809255

Master
2009
2000
Charlotte, NC
Subject: RE: What is your credit card debt?
We pay it off every month and we only have one card.
2008-11-15 8:43 AM
in reply to: #1809255

Master
1639
100050010025
Robbinsville NJ
Subject: RE: What is your credit card debt?
We pay it off every month. I had my "fun" right out of college and got about $5k in debt. Paid that off and don't plan on ever going back.
2008-11-15 8:53 AM
in reply to: #1809255

Champion
8903
500020001000500100100100100
Subject: RE: What is your credit card debt?

Mine is zero as well.  I have two outstanding monthly debts, my car payment, which I'm paying extra each month to eliminate it very shortly, and my mortgage payment.  Because of the possibility of an economic crisis, I'm doing everything I can to stabilize things.  Fortunately when I was 59-1/2 I had the foresight to take everything out of my 401-K (over 6 figures) and put it into a fixed rate account...and I did this 4 months before the stock market went into the tank.  Whew!

 



2008-11-15 9:10 AM
in reply to: #1809255

Veteran
256
1001002525
Everett
Subject: RE: What is your credit card debt?

not a single credit card - haven't in almost 10 years now.  Only debt is our house.  No cash, no buy.  Keeps our (expensive) hobbies in check

2008-11-15 9:19 AM
in reply to: #1809997

Pro
4089
20002000252525
Without house
Subject: RE: What is your credit card debt?
max - 2008-11-15 8:53 AM

Mine is zero as well.  I have two outstanding monthly debts, my car payment, which I'm paying extra each month to eliminate it very shortly, and my mortgage payment.  Because of the possibility of an economic crisis, I'm doing everything I can to stabilize things.  Fortunately when I was 59-1/2 I had the foresight to take everything out of my 401-K (over 6 figures) and put it into a fixed rate account...and I did this 4 months before the stock market went into the tank.  Whew!

 

I just have to say that I think this is AWESOME!  Great job, Max!!

2008-11-15 9:35 AM
in reply to: #1809997

Resident Curmudgeon
25290
50005000500050005000100100252525
The Road Back
Gold member
Subject: RE: What is your credit card debt?
max - 2008-11-15 8:53 AM

Mine is zero as well.  I have two outstanding monthly debts, my car payment, which I'm paying extra each month to eliminate it very shortly, and my mortgage payment.  Because of the possibility of an economic crisis, I'm doing everything I can to stabilize things.  Fortunately when I was 59-1/2 I had the foresight to take everything out of my 401-K (over 6 figures) and put it into a fixed rate account...and I did this 4 months before the stock market went into the tank.  Whew!

 

[slight hijack] Most 401Ks have fixed-income investment choices, you don't have to be 59-1/2 or take your money out of the 401K to diversify away from stock market risk. My 401K has been invested 70% in bonds for the past few years. People would be better off if they learned a little bit about investment choices and the importance of having a balanced portfolio. [/slight hijack]

2008-11-15 10:32 AM
in reply to: #1810022

Champion
8903
500020001000500100100100100
Subject: RE: What is your credit card debt?
the bear - 2008-11-15 10:35 AM

 

[slight hijack] Most 401Ks have fixed-income investment choices, you don't have to be 59-1/2 or take your money out of the 401K to diversify away from stock market risk. My 401K has been invested 70% in bonds for the past few years. People would be better off if they learned a little bit about investment choices and the importance of having a balanced portfolio. [/slight hijack]

Unfortunately, my 401-K plan choices offered no clear opportunity to avoid losses.  With retirement now only 19 months away, I opted for the prudent option of avoiding all losses whatsoever.

 

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