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View Poll Results: Do you have credit card debt?
Yes 18 33.33%
No 36 66.67%
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Old 01-09-2007, 05:49 AM   #1
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Default Just wondering...

I'm watching a new special on TV, so I'm curious...

Do you have CC debt? I mean, do you carry-over debt monthly?

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Old 01-09-2007, 07:37 AM   #2
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I did at one time have over 18,000 in CC debt, but have since payed everything off and disposed of all but one (low balance) bank card. The best trick I had was transfering balances to 0% APR cards until the introductory period was up and then transfering them again, this had to have saved a fortune in interest charges and led to paying off the cards a lot earlier.


For any of the younger members here, spend wisely and don't get into debt in the first place. Once you dig that hole it is hard to get out of, I know from experience.

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Old 01-09-2007, 07:46 AM   #3
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I'm in the same boat as Flyin' Lion. Was $45,000 in debt last summer and now completely in the black with lots of credit. But I'm also divorced and homeless.

Another tip is for you to keep an eye on those who have access to your CC's.

Wild

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Old 01-09-2007, 08:03 AM   #4
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Closely approaching zero. The only thing on there now is this computer I'm typing on. The only thing I have used a card on recently is to order brewing books from amazon.com and that gets paid when it comes in. Was in a bit of a financial hole for a while right when my son was born, but the last year and a half has really turned around. I made a smart decision to stop using the cards and get the balances paid off.

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Old 01-09-2007, 08:06 AM   #5
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And I've been using the same trick as Flyin' Lyon. The computer balance has almost no interest on it. Saves a ton.

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Old 01-09-2007, 12:55 PM   #6
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I had trouble with debt in my earlier years- I had two little kids and not enough money to make ends meet. This kept me trapped in a terrible marriage for 16 years. My thinking was that if I was unable to keep afloat with TWO working people, that I'd starve if I became a single mom. I found an attorney who didn't charge me for the divorce, as long as he didn't have to go to court. I got the divorce and assumbed responsibility for almost all of the debt. In 5 years, I had it all paid off. I vowed to NEVER get into debt again, as I didn't ever what to be trapped financially in a bad situation. A few years after paying off all the debt, I now have a larger house and a new truck- all debt free. And a husband now who has the same financial goals as I do. I really did change my whole life by working so hard and staying disciplined. It's so worth it!

Now, I do use credit cards for convenience, but they are paid off each month. I never buy anything that I can't afford to buy and I take trips to the Bahamas every year.

Lorena

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Old 01-09-2007, 01:17 PM   #7
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Quote:
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I take trips to the Bahamas every year.
... yet you're stangely lacking in bikini pictures...
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Old 01-09-2007, 01:23 PM   #8
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No debt here - we pay off every month

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Old 01-09-2007, 01:29 PM   #9
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Only a mortgage and a car payment. I did the CC thing 20+ years ago and now pay it off each month. If I don't have the $, I don't get it.

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Old 01-09-2007, 01:34 PM   #10
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I have two CCs. One is locked away for "emergency use only" and the other one.....my favorite one, is almost paid off and ready to max out again. Its nothing much, it was my first one, and I never bothered to have to credit line increased. So its my beer stuff cc. 500 dollar credit line I max out on beer related toys, then paid off in a couple months only to maxx back out.

SWMBO is totally cool with me doing whatever the hell I want to with this. I just need to remember if I am going to get financed for something, I need to pay it off first completely. 500 is not much, but It shoots your revolving credit up through the roof.

So to answer the original question.....nope. no cc debt. Only debt I have left besides my mortgage is 6k left on my student loans and 3.5k left on my truck. almost done.

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