How deep in debt are you!? - Page 10

N2O Junkie · 12-05-2009, 04:12 PM

Quote:

Originally Posted by 101lifts2

Your credit score doesn't go up because you keep some small balance. It is actually the available credit vs. how much of a balance you have.

If you have 4 credit cards with a 20k limit on each with a 0 balance, your score will be high regardless if you have 10 bucks on each.

not necessarily... because you have the potential to be in serious debt by having so much available credit too... or so I hear.

Smittie61984 · 12-05-2009, 04:49 PM

I owe $400 on a credit card and just last week finished paying off a $2000 loan. I pay for my schooling with cash (about $3000 a year with books) so I'm trying to stay as debt free as possible. All vehicles are paid off!

My girlfriend who is graduating is also debt free which is great. Has a paid for car (Toyota so it'll last forever) and her grandpa set them up a college fund years ago so college was paid for. We both plan to drive our vehicles until the wheels fall off, then replace the wheels and drive those until they fall off. We hope that the only major debt we get is a house note or if we start a business. But both of those HOPEFULLY build wealth.

sherri_chickie · 12-05-2009, 07:48 PM

I am really impressed with the number of members who seem to have pretty good money sense and aren't stupid in debt. Way to go!

Amber Lamps · 12-05-2009, 09:05 PM

Quote:

Originally Posted by sherri_chickie

I am really impressed with the number of members who seem to have pretty good money sense and aren't stupid in debt. Way to go!

Aw these guys are just fucking TIGHT is all! I've never seen a bigger group of penny pinching mother fuckers in my whole life!!!

Besides, some of them are probably bullshitting! The only reason that I'm debt free is that I sold my house and used the "profit" to pay off my cc's. I crashed my bike and bought back the total. Then I finished my truck lease and bought a beater. Ta da no debt!

As anyone here will tell you, I'm no genius!!!

vickibocc · 12-09-2009, 09:34 PM

My only debt is slightly over 3k on a cc. I was extremely lucky to have my college education paid for (thought I'm applying to grad school for next fall, so that number will definitely change...no clue how I'll pay for it yet. I've decided to see if I get in first then figure it out lol). And I was lucky that my mom and ex-step dad split up right before I sold the car he bought me and used the money to buy a different one cash. Also, since I just graduated and have been officially on my own for the first time, I've become sick from looking at my cc bill and have decided I'm getting rid of it ASAP and hopefully never using it again lol.

Phil, however, not so lucky. I can't even remember the number, but between what he owes on the bike, student loans, and medical bills, he'll be paying for a while. Which is why if we get married anytime soon, there will be a pre-nup

) lol. So that debt doesn't become half mine if something happens.

View Poll Results: How much?
0-5k	20	27.03%
5k-10k	10	13.51%
10k-20k	11	14.86%
20k-30k	11	14.86%
30k-50k	12	16.22%
50k-75k	5	6.76%
75k-100k	1	1.35%
100k-150k	3	4.05%
150k+	1	1.35%
Voters: 74. You may not vote on this poll

12-05-2009, 04:49 PM	#92
Smittie61984 I give Squids a bad name Join Date: Mar 2008 Location: Fly Over State Moto: 1996 CBR600 F3 (AKA the Flying Turd) Posts: 4,742	I owe $400 on a credit card and just last week finished paying off a $2000 loan. I pay for my schooling with cash (about $3000 a year with books) so I'm trying to stay as debt free as possible. All vehicles are paid off! My girlfriend who is graduating is also debt free which is great. Has a paid for car (Toyota so it'll last forever) and her grandpa set them up a college fund years ago so college was paid for. We both plan to drive our vehicles until the wheels fall off, then replace the wheels and drive those until they fall off. We hope that the only major debt we get is a house note or if we start a business. But both of those HOPEFULLY build wealth. __________________ lifts - R.I.P.

12-05-2009, 07:48 PM	#93
sherri_chickie WERA Yellow Plate Join Date: Nov 2009 Location: Calgary Moto: Gs500F Posts: 683	I am really impressed with the number of members who seem to have pretty good money sense and aren't stupid in debt. Way to go! Last edited by sherri_chickie; 12-05-2009 at 07:48 PM.. Reason: can't type

12-09-2009, 09:34 PM	#95
vickibocc Meh Join Date: Nov 2008 Location: South FL Moto: the backseat of an '06 600rr Posts: 220	My only debt is slightly over 3k on a cc. I was extremely lucky to have my college education paid for (thought I'm applying to grad school for next fall, so that number will definitely change...no clue how I'll pay for it yet. I've decided to see if I get in first then figure it out lol). And I was lucky that my mom and ex-step dad split up right before I sold the car he bought me and used the money to buy a different one cash. Also, since I just graduated and have been officially on my own for the first time, I've become sick from looking at my cc bill and have decided I'm getting rid of it ASAP and hopefully never using it again lol. Phil, however, not so lucky. I can't even remember the number, but between what he owes on the bike, student loans, and medical bills, he'll be paying for a while. Which is why if we get married anytime soon, there will be a pre-nup ) lol. So that debt doesn't become half mine if something happens.