How Much Credit Card Debt? - Mothering Forums

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#1 of 65 Old 03-15-2008, 06:17 PM - Thread Starter
 
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Just curious as to how much credit card debt other people have racked up. We currently have about $4,800 in credit card debt. That is on two cards. I just paid off one of my other cards and it was such a great feeling. I always feel so alone in having this debt looming over me and I hope to have it paid off this year. What about you?
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#2 of 65 Old 03-15-2008, 06:36 PM
 
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None right now. About 5 years ago we had accumulated probably close to $8,000 for various reasons. Then we started to be claear about our goals, such as being a SAHM and buying a house, so we needed to change.
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#3 of 65 Old 03-15-2008, 06:44 PM
 
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Zero, Zilch, Nada...
But once apon a time, a long time ago, when dh and I first married we climbed out of a $5,000 cc debt. Or was it $4K? Took us a year and it was well worth it!
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#4 of 65 Old 03-15-2008, 06:55 PM
 
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we have $1,400, but it will be paid off at the end of the month.

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#5 of 65 Old 03-15-2008, 07:06 PM
 
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ZERO as of a few months ago!! WOOHOOOO!!:

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#6 of 65 Old 03-15-2008, 07:07 PM
 
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No cc debt, but we do have one $3000 loan thru our credit union that we hope to have paid off soon. I can't wait to be free of it! Unfortunately we have an expensive summer ahead of us (3 family/friends weddings, all out of town, that we can't miss cuz we're in them.) So, while we won't have to borrow any more, the loan won't be dissapearing as soon as I'd like, but it should be gone by Oct.
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#7 of 65 Old 03-15-2008, 07:13 PM
 
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oh lord!!!!!!!!

right now we have 10,000 that is split on 9 cards........ it used to be 25,000 on 17 cards... we are really optimistic to have all the card debit done by the end of this year/begining of next year(with taxes returns) but that really depends on hubbys on call job.
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#8 of 65 Old 03-15-2008, 07:14 PM
 
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Zero.

No credit cards.

"The great enemy of the truth is very often not the lie, deliberate, contrived and dishonest, but the myth, persistent, persuasive and unrealistic."
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#9 of 65 Old 03-15-2008, 07:20 PM
 
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None right now, but we spent 2006-7 paying off $13k.
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#10 of 65 Old 03-15-2008, 07:23 PM
 
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About $180, but I'll pay that off next week.
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#11 of 65 Old 03-15-2008, 07:36 PM
 
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we have 3 credit cards, the total combined balance is around 1,000. This will all be paid off by the summer.

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#12 of 65 Old 03-15-2008, 07:45 PM
 
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You should make an anonymous poll for this one We're at $3500...hopefully paid off completely in the next month or two.
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#13 of 65 Old 03-15-2008, 07:46 PM
 
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We have zero balance on credit cards. We did have over 20K of CC debt not so long ago (poor spending habits and infertility treatments).

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#14 of 65 Old 03-15-2008, 08:04 PM
 
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When we got married, we had about $35,000 on credit cards. We paid it off about 18 months ago (so it took about 5 years, through unemployment, then a drop in pay, then my dh went back to school, then blah, blah, blah). It was the happiest day ever when it was paid off!
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#15 of 65 Old 03-15-2008, 08:22 PM
 
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None here, other than the monthly-paid-in-full balance. We do that to earn points, but it is only on normal everyday expenses like gas, groceries, etc.

We have in excess of $10K a few years back. When we sold our last house 4.5 years ago, we used some of the proceeds from the sale to wipe out the CCs. We had less to put down on the new house, but it was great to be free from those cards. We haven't carried a balance or paid a dime in interest on anything other than our mortgage since.
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#16 of 65 Old 03-15-2008, 08:23 PM
 
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None, $0 But we learned the hard way....bankruptcy

Mama to Zoe (8/00), Morgan : (10/01), Brooke9/06), Casey 20wks (2/08), and Riley : (2/09): She's really here!!
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#17 of 65 Old 03-15-2008, 08:36 PM
 
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Zero debt that is carried from month to month. We do use a card now for most things and bill pay...the rewards just bought me a pressure canner and canning set. I was seriously reluctant to do this but for a number of reasons, including our reduced spending level (since we each more likely to blow through cash, something we learned after months of trying to do all cash) and the ease of having all bills auto paid without the risk of losing bank balance funds, it works out best for us. I make a payment to the card online each week or so there is never a big balance. We are able to save more money each month this way. I think to little purchases we thought nothing of with cash seem to trivial to bother.

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#18 of 65 Old 03-15-2008, 09:16 PM
 
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None. We rarely use credit cards and when we do they are paid off in full at the end of the billing cycle.
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#19 of 65 Old 03-15-2008, 09:30 PM
 
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HELOC'd to pay off 17k in credit card debts, have a plan to pay off the HELOC very quickly (within 1-2 yrs). That 17k was scary. We have not used our CC since and won't.
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#20 of 65 Old 03-15-2008, 10:04 PM
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we've got just under $5000 thanks to a couple emergency trips to see family and for funerals. We finished paying off an additional $5000 last year that was due to poor spending.
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#21 of 65 Old 03-15-2008, 10:25 PM
 
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currently none, but when we finally tallied it all up it was close to $20K. Plus we had small student loan (5500) and a car. It's all paid off as of a couple years ago. It took us about 4 years to pay off (3 years of that were pre-children, it went faster then).
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#22 of 65 Old 03-15-2008, 11:06 PM
 
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None!!!!!! We paid everything off in Feb.
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#23 of 65 Old 03-15-2008, 11:23 PM
 
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$0!

Paid if off and cut up CC 18 months ago.

Have NO cc at all! Dave Ramsey fan.

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#24 of 65 Old 03-16-2008, 02:05 AM
 
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None. I have one card, but I never remember to use it.
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#25 of 65 Old 03-16-2008, 02:28 AM
 
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$5k or so.

*runs and hides*

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#26 of 65 Old 03-16-2008, 04:26 AM
 
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Less than $200 ... I"ve finally been able to get credit, I wanted to increase my credit score... and what's on them I pay off every month when the bill comes. I've been down the bankruptcy road 20 years ago and it wasn't fun. Still have about 9K in other debt, but not credit cards that I will slowly start to pay off as the $ becomes available. I also just paid off my car loan this week, had owed 5+ years on it still, bought it in May of '07 with an interest rate of 18% and when I got an inheritance, that was one of the first things I did before looking at how to invest the rest. I also paid off the IRS I had from 2005 that was $1800.
The remainder of the debt I owe is interest free- read: medical bills, outstanding cell phone accounts. I'll pay them off slowly and clean up the rest of my credit report.
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#27 of 65 Old 03-16-2008, 08:10 AM
 
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zero

We do not use credit cards either.

Heidi
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#28 of 65 Old 03-16-2008, 08:59 AM
 
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None. I have a debit card. I hate credit cards. I only use one to keep my credit rating up.

I had a student loan, paid it off early by living in a sh*thole and working like crazy.

I hate debt.

It's not that the stay-at-home-parent gets to stay home with the kids. The kids get to stay home with a parent. Lucky Mom to DD1 (4 y) and DD2 (18 mo), Wife to Mercenary Dad
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#29 of 65 Old 03-16-2008, 01:22 PM
 
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jeez i am the only one with an insane amount of debt.............. ::
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#30 of 65 Old 03-16-2008, 01:29 PM
 
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None. Dh and I have never had cc debt... we're kind of old school and don't like to borrow money.
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