How Much Credit Card Debt Do You Have?
Registered User
Joined: Jun 2002
Posts: 344
Likes: 0
From: NoVa
2 Cards: one for everyday stuff and one with a low APR for long-term purchases or unexpected repairs. The everyday one has about $1500 on it at the moment, but it gets paid in full each month. I use it for everything besides bills and get 1% back. So far, I've accumulated over $300 cash back on it in the past 2 years.
I've only paid $60 in interest on CCs in the past year, but that's because I spent $11k on getting married (but it's now paid off).
I've only paid $60 in interest on CCs in the past year, but that's because I spent $11k on getting married (but it's now paid off).
Registered User
Joined: Jun 2002
Posts: 16,139
Likes: 0
From: North Lake, WI
two cards
one w/ $1400 at 0.00% for one year (will be paid off before i get clipped) this one also has 1% cash back on all purchases
other paid in full monthly
used to have over 5k in CC debit went to my bank and got an unsecured loan to pay them off (much lower % rate 5-6 i think) paid the loan off in 16 months never carried a balance since the loan
one w/ $1400 at 0.00% for one year (will be paid off before i get clipped) this one also has 1% cash back on all purchases
other paid in full monthly
used to have over 5k in CC debit went to my bank and got an unsecured loan to pay them off (much lower % rate 5-6 i think) paid the loan off in 16 months never carried a balance since the loan
Registered User
Joined: Nov 2003
Posts: 1,440
Likes: 0
From: Harbor City
Shoot, I have about $16k in debt right now. 6 or 7 cards total. 2 cards with debt, 3.9% for the life on both of them. 1 card that handles expenses taht I pay off every month.
Now i'm working to eliminate the debt. Just got promoted at work, got another raise, so I set a goal to pay off all credit cards in a year (not including school loans). Stopped going out, eating out less, etc. etc.
I sold my wrx which was a money pit. Put about $15k into that thing. Sold it and bought the s2000, a car that I wouldn't have to touch ever. Who would have thought that buying a more expensive car, could save me money in teh long run! lol
Now i'm working to eliminate the debt. Just got promoted at work, got another raise, so I set a goal to pay off all credit cards in a year (not including school loans). Stopped going out, eating out less, etc. etc.
I sold my wrx which was a money pit. Put about $15k into that thing. Sold it and bought the s2000, a car that I wouldn't have to touch ever. Who would have thought that buying a more expensive car, could save me money in teh long run! lol
