What kind of debt do you have?

posted 6 years ago in Money
  • poll: What TYPE of debt do you have (if any)?
    I have no debt of any type : (51 votes)
    16 %
    I have only mortgage debt : (35 votes)
    11 %
    I have one of/some combo of auto/student/mortgage debt, but no other consumer debt : (133 votes)
    43 %
    I have other types of consumer debt (credit card, consolidated loan, second mortgage, line of credit : (51 votes)
    16 %
    My situation cannot be represented with this poll : (40 votes)
    13 %
  • Post # 77
    Member
    2777 posts
    Sugar bee

    @cbgg:  I currently owe $200 on my credit card, 12k on my car and $3500 in student loans but I’m still in school and won’t bleed to borrow any more money then that. Hoping to pay it all off in the next year. Luckily I’ve been very diligent about my credit since I turned 18 and my credit is excellent.

    Post # 78
    Member
    323 posts
    Helper bee
    • Wedding: November 1999

    No loans, student or any kind, no car payment, no mortgage, no line of credit and no medical, (we’re in Canada). Just a very small credit card to keep our credit active. We were told it was a good thing to do, not sure if it’s true or not.

    Post # 79
    Member
    323 posts
    Helper bee
    • Wedding: November 1999

    @solsticedark:  My ex Fiance stole about $15000 from me. They’re real low lifes & ‘the system’ sucks. 

    Post # 80
    Member
    2073 posts
    Buzzing bee
    • Wedding: July 2012

    I just have some credit card debt from when I was irresponsible in college and grad school. No student loans or a car loan. I’m not on the mortgage since husband bought the place before we met. Husband has the mortgage, student loan,and a small credit card bill. We own both of our cars outright. 

    Post # 81
    Member
    2949 posts
    Sugar bee
    • Wedding: February 1998

    We have one BIG loan which includes our home, an investment property and work car. We can redraw from this loan if we ever need too. I think it sits at about $450,000 ahhhhh

    Post # 83
    Member
    263 posts
    Helper bee
    • Wedding: June 2013

    @cbgg:  I LOVE personal finance! The only debt my husband and I have is our mortgage and our car. I’ve always been a saver so if we can’t afford “it” we don’t buy it… instead we save up our money until we can pay for it in cash. (ex. vacations, clothes, date nights, stuff for our home)

    Post # 84
    Member
    1143 posts
    Bumble bee
    • Wedding: June 2011

    I have both student loans and consumer debt.

    I’m not technically in repayment on my student loans yet, but I went to a fairly pricey private university, so you can imagine what that debt looks like!

    As far as consumer debt, I have several in-store credit cards for various things. I have paid off our wedding ring account, a lumber account for building a fence, and am now working on paying off two other accounts. Was almost done paying off the last one, and then the old lawnmower kicked the bucket, so ended up opening an account to get a certain amount off/no interest for nine months! I have around $2,000 in consumer debt – mostly that darn lawnmower – and it’s all in my name.

    My husband has another year left on his car loan, and then he immediatly wants to get a new vehicle. I’m trying my best to talk him out of it, there’s nothing wrong with his car, but we’ll see how that goes.

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