How much credit card debt are you in?

We also have zero credit card debt.
When I was younger, I knew a lot of girls who were in $30k debt. And this was because of shopping not school loans.
I would not be able to sleep if I owed that much money.

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Posted by trnity44

none- DH and I dont carry a balance on our credit cards. It is completely paid off every month.

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This is how it is for both of us now. FH was never good with money until I started taking care of the bills.

Also NONE School loans, that's another story!!

I have to say I would have as much debt as I do if I didn't live in the city when I made $35K a year- and worked for bloomingdales and got 40% every 3 weeks!

but I have NO student loans

I think it's great that so many of you don't have any debt- I try to discourge younger people I know not to do what I did

this will be the second time I have to paid off $10K debt- the last time a got stuck with bills after I loved with some one - I didn't learn my lesson the first time- shame on me

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Posted by ItalGrkWedding

I am a financial planner and find that in the tri-state area, the average credit card debt per family is about $15,000.

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Posted by dleeny

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Posted by ItalGrkWedding

I am a financial planner and find that in the tri-state area, the average credit card debt per family is about $15,000.

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that's nothing- my hubby refinaces peoples homes who owe way more then that!

I had a friend who by 25 owed over $50K!

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Posted by Beth1210

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Posted by dleeny

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Posted by ItalGrkWedding

I am a financial planner and find that in the tri-state area, the average credit card debt per family is about $15,000.

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that's nothing- my hubby refinaces peoples homes who owe way more then that!

I had a friend who by 25 owed over $50K!

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OMG!!! I guess I am one of the lucky ones. my parents brought me up to be practical. granted it's not always fun, but I sleep at night!

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Posted by trnity44

none- DH and I dont carry a balance on our credit cards. It is completely paid off every month.

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ditto, I refuse to pay interest to my CC companies! So even if it means taking a lil more than planned out of our savings - we do it.

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Posted by dleeny

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Posted by Beth1210

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Posted by dleeny

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Posted by ItalGrkWedding

I am a financial planner and find that in the tri-state area, the average credit card debt per family is about $15,000.

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that's nothing- my hubby refinaces peoples homes who owe way more then that!

I had a friend who by 25 owed over $50K!

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OMG!!! I guess I am one of the lucky ones. my parents brought me up to be practical. granted it's not always fun, but I sleep at night!

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Its also relative. One may have 15k in credit card debt but have the finances to pay in off in a few months if even that long. Sometimes people start businesses using credit cards.

Its also relative. One may have 15k in credit card debt but have the finances to pay in off in a few months if even that long. Sometimes people start businesses using credit cards.

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I can't decide what's worse- going in to debt like I did to buy clothes and high lights for my hair

or being in debt b/c you are buying groceries and gas for your car

I guess I am the foolish one b/c I had a choice- but a lot has to do with the way I rasied- I was VERY spolied and never told no- so once my parents pulled the plug- I didn't want to stop living the way I was used to

even though it's annoying to have to pay off these bills now- I am so happy I lived in the City for 2 years- even though I really couldn't afford it at the time- it was a great experince

I have learned my lesson this time- I am lucky that I can pay more then the minium payments each month- and it hasn't affected my credit - except to make it stronger- but not everyone is so lucky

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Posted by ckgmwedding

NONE! I pay my off each month and DH only leaves a couple of hundred on his to increase his credit score. Believe it or not, his is higher due to his having a small balance that he pays off over time.

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Jake- my DH and a credit expert- mortgage banker told me they don't like it when you pay in full- it better to carry a balance- another crazy thing that doesn't make sense

that's why my score is as high as it is- I always a have balance, pay more then the minium

everyone wants to give me credit- it's annoying

Wow - I am sincerely proud of you girls. Most of you have ZERO credit card debt And the ones that do only carry a balance to keep your scores up. Can you teach the rest of our country how to do this?

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Posted by trnity44

none- DH and I dont carry a balance on our credit cards. It is completely paid off every month.

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Same for us. I used to carry a $5K debt but I got myself out of it and I will never go back there!

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Posted by Beth1210

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Posted by ckgmwedding

NONE! I pay my off each month and DH only leaves a couple of hundred on his to increase his credit score. Believe it or not, his is higher due to his having a small balance that he pays off over time.

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Jake- my DH and a credit expert- mortgage banker told me they don't like it when you pay in full- it better to carry a balance- another crazy thing that doesn't make sense

that's why my score is as high as it is- I always a have balance, pay more then the minium

everyone wants to give me credit- it's annoying

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Can anyone explain why someone who has credit card debt, even if it's only a few hundred $, would have a higher credit score than someone else who always pays their bills on time and has never had any debt? That seems strange to me, but I don't really know how credit/loan system works.