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Poll:How much credit card debt do you have?

Poll Results: How much credit card debt do you have?

 
  • 42% (194)
    0
  • 12% (57)
    Under 3,000
  • 14% (64)
    Between 3,000 and 6,000
  • 8% (39)
    Between 6,000 and 10,000
  • 16% (75)
    10,000 and above
  • 5% (23)
    More than you could ever fathom...
452 Total Votes  
post #1 of 108
10/10/07 at 2:10pm
Thread Starter 
Just curious...

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post #2 of 108
10/10/07 at 2:13pm
We carry 0 credit card debt. However, at any point in time, it may be a bit higher, because its paid off on payday. So right now, it has the hotel we stayed in on the weekend on it. Payday is Friday, and then it will be 0 again.
post #3 of 108
10/10/07 at 2:19pm
$0

And our car is paid off. The only thing we owe is a mortgage and then things like food, gas, utilities.

We had student loans and then $2500 in cc debt when we got married, and that was so depressing that we worked our arses off to get rid of it all, only took like 3 years, and then another 2 to get rid of the rest of the student pesky loans.

Unless we have a medical emergency, like cancer, etc., I dont ever see debt in our future.
post #4 of 108
10/10/07 at 2:25pm
I personally have a large amount of money that I am slowly paying off. I had 4 credit cards when I was 18. oops! I financed a trip around the globe with them and while it was an experience I wouldn't change for anything - I am still paying them off.

DP and I have $0 credit card debt jointly.
post #5 of 108
10/10/07 at 2:29pm
In the neighborhood of $17K (OUCH!) mainly due to my husband being unemployed for about 9 months last year. We are slowly digging our way out, but at the current rate it will take us something like 7 years...
post #6 of 108
10/10/07 at 2:36pm
$0, but I need to remember to use it for online purchases instead of debit cards since they are safer.
post #7 of 108
10/10/07 at 3:12pm
We're in the over 10k range. We have many cards and relied on them heavily while dh was in school and I was self-employed. Did you know: most woman owned businessed are financed by personal credit cards.
post #8 of 108
10/10/07 at 3:16pm
We have no debt at all. We cancelled all our cards the day we paid them off (yep, we don't even keep an "emergency" card...that's what our savings is for).

I hope to NEVER get in debt again. Not for a car, house anything. My goal is to pay cash - which means...i wont be getting anything new for a looooog time
post #9 of 108
10/10/07 at 3:19pm
Quote:
Originally Posted by wateraddict View Post
$0, but I need to remember to use it for online purchases instead of debit cards since they are safer.
This is actually false.

Debit cards - as long as they have a credit logo on them (like visa, mastercard, etc) are JUST AS SAFE. All the safety measures that apply to the credit cards, also apply to the debit cards w/ credit logos on 'em. Just not the interest (well, unless we overdraft! which i don't recommend!)
post #10 of 108
10/10/07 at 3:22pm
Quote:
Originally Posted by beansmama View Post
This is actually false.

Debit cards - as long as they have a credit logo on them (like visa, mastercard, etc) are JUST AS SAFE. All the safety measures that apply to the credit cards, also apply to the debit cards w/ credit logos on 'em. Just not the interest (well, unless we overdraft! which i don't recommend!)
Not that this was directed at me (or even a Canadian), but I don't think you can get a Canadian debit card with a credit card logo on it...

Anyone know?
post #11 of 108
10/10/07 at 3:22pm
About $1100 (from my exhusband... jerk)
It is getting paid off slowly but surely. The CC company is being great about working with me on it.
post #12 of 108
10/10/07 at 3:25pm
Quote:
Originally Posted by beansmama View Post
This is actually false.

Debit cards - as long as they have a credit logo on them (like visa, mastercard, etc) are JUST AS SAFE. All the safety measures that apply to the credit cards, also apply to the debit cards w/ credit logos on 'em. Just not the interest (well, unless we overdraft! which i don't recommend!)

The only way I will disagree with this is that if someone gets ahold of your debit card number they can drain your account dry before you notice it and you have nothing. With a credit card, at least they're not touching your actual bank account.

This recently happened to a friend who shopped online with her debit card-- the number was stolen and the person drained their account and they had a horrible time getting it all straightened out. She was advised to only shop online with credit cards from now on.

I am in awe of all of the people here with no CC debt! Ours usually hovers around $2,000, but right now it's just over $3,000.
post #13 of 108
10/10/07 at 3:26pm
About $40 K. Gulp. We just refinanced though! All of it will be paid off in 4 years. Much of it was used for fixing up our house, starting my husband's business, and paying for some of our wedding. The rest I chalk up to my stupid college spending habits. Yikes.
post #14 of 108
10/10/07 at 3:26pm
None, thankfully. We do use cc's to order stuff online (so our bank accounts don't get wiped out, like a pp said) but then pay it off when the bill comes.
post #15 of 108
10/10/07 at 3:33pm
We have a lot. We have several cc's, and used them for everything when dh lost his job a few years back. Slowly paying them down...
post #16 of 108
10/10/07 at 3:37pm
we have over $10k... we are working on getting a plan to get them down
post #17 of 108
10/10/07 at 3:47pm
I voted 0, but that's not entirely accurate. I use a CC for just about everything, from gas and groceries to medical and phone, but I pay it off in full every month (and rack up cashback dollars like crazy).

I also have our new bedroom set charged to a Slumberland account, at 0% interest for 39 months. I could pay it in full at any time, but free money was too good a deal to pass up.
post #18 of 108
10/10/07 at 4:07pm
We have about 4k right now but we're going to sell my car this month to pay it off and then save the rest. Woot!!
post #19 of 108
10/10/07 at 4:09pm
about $46,000. Mostly from starting my business, and it's mostly 4.99% interest or lower. It will be paid off soon, and I don't regret borrowing it to start my practice.
post #20 of 108
10/10/07 at 4:40pm
Quote:
Originally Posted by mamamilkers View Post
The only way I will disagree with this is that if someone gets ahold of your debit card number they can drain your account dry before you notice it and you have nothing. With a credit card, at least they're not touching your actual bank account.

This recently happened to a friend who shopped online with her debit card-- the number was stolen and the person drained their account and they had a horrible time getting it all straightened out. She was advised to only shop online with credit cards from now on.

I am in awe of all of the people here with no CC debt! Ours usually hovers around $2,000, but right now it's just over $3,000.
I'm not sure about the canadian debit card w/ logos. But here in the states they are just the normal bank issued checking account cards - you don't have to request it or anything.

And about draining your account...i see your point, but just like if it happened with credit cards - someone maxes out your card. You prove its fraud and they give you all your money back. Same goes w/ the bank. But clearly, it would be more inconvenient because most people use their checkings for ALL their bills (like me) and i'm not sure how the bank handles bounced fees during that time (I'm sure they pay you back - but if you get a fee from your late water bill or whatever, i doubt it.).
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Mothering › Mothering Discussion Forums › Natural Family Living › The Mindful Home › Frugality & Finances › Poll:How much credit card debt do you have?