(Closed) Average Credit Card Debt

posted 12 years ago in Money
  • poll: How much credit card debt do you have?

    0-1K

    1-2K

    2-4K

    4-6K

    6K-8K

    8-10K

    +10K

  • Post # 32
    Member
    3605 posts
    Sugar bee
    • Wedding: May 2010

    yikes… ive heard about student loans in the US.  the company i work for is great about continued education –  in exhange for agreeing to work a set number of years they pay our uni fees (or masters or cpa’s ect) and there are at least 3 other people on my floor taking advantage of this.

     

    Post # 33
    Member
    219 posts
    Helper bee

    Student loans a crazy amount, but hopefully it’ll pay off

    Credit Card debt about 4500 but one card will be paid off in by years end, and the other card will get paid off by in 23 more months. I hate having debt, and having a crap credit score, but my vow to the Mr was to get it cleaned up. 

     The Mr. has like  3 k in student loans, and 0 CC debt.

     

    I’m jealous of you ladies who have 0 CC debt. 

    Post # 34
    Member
    154 posts
    Blushing bee
    • Wedding: April 2010

    I think it’s weird that 0 and anything more than 0 are in the same bucket.  I have 0 credit card debt; I pay my balance off every month.  Always have, always will.

    Post # 35
    Member
    454 posts
    Helper bee
    • Wedding: August 2009 - Bernardo Winery

    I am also proud to say that I pay off my credit card every month 🙂 I do have some school debit though.

    Post # 36
    Member
    1407 posts
    Bumble bee
    • Wedding: June 2010

    Man, you all are good with the credit cards!! I usually owe about $300-$400 on my Visa and my Gap card is almost always close to maxed out Still, that card’s limit is so low that altogether the worst my CC debt ever gets is around $1000. Every few months, I’ll pay down a big chunk, but then it gets back up again. Still, since I’m in college, the interest I pay feels worth it to be able to have some flexibility spending.

    Fiance has what I feel is an unreasonable amount of credit card debt – around $5000 from two summers of unpaid internships, and some just general overspending. He passed the cards off to his dad, who is helping him get them paid down, so hopefully his debt will be a thing of the past early on in our marraige!

    Post # 37
    Member
    194 posts
    Blushing bee
    • Wedding: September 2009

    No CC debt.  (We pay it off EVERY month.)

    No student loans. (Made lifestyle changes instead.)

    We live within our means.

    Saved up for wedding and paying for it ourselves.

    No car payment. (I use public transportation.)

    Fiance saved for Engagement Ring and it’s amazing. ( Paid for it outright)

    Our motto: Debt free is the way to be!!

    Debt = Our greatest fear

     

    Post # 38
    Member
    360 posts
    Helper bee
    • Wedding: January 2010 - Mr. P's Grandparents’ Ranch

    I’m feeling sweet tooth there, BUT i do have a small collage loan 

    Post # 39
    Member
    840 posts
    Busy bee
    • Wedding: September 2009

    No CC debt, but I have a student loan of 17k left to pay off and Fiance still owes about 10-15k on his truck. We also still haven’t paid for the computer I’m typing on right now lol $800. We might get another car soon, which will really put us over but I think there wont be any way around it.

    Post # 40
    Member
    735 posts
    Busy bee
    • Wedding: August 2009

    We’re pretty similar to Sweet tooth.  Given that we both are way over-educated, I feel that we are extremely luck to have no educational debt.  Granted we were both paid for grad school (common in physics), many people I know deferred undergrad loans through grad school and are still paying them off.  I think we both owe a huge debt of gratitude to our parents (and I to Fiance for working two jobs in college) who helped us both with our undergrad education.

    My parents are big, "live within your means" types…so I simply can’t bring myself to carry a CC balance.  I would feel that I’ve utterly failed them.  I have had to a couple times while waiting for a large stipend or reimbursement check to arrive, and I literally felt ill that whole time.  It was quite tempting sometimes in school to charge something, though, but in retrospect it was so worth it not to.

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