Credit Card Debt

[rake922]

If you ask single Americans in their 20s or early 30s what their biggest financial worry is, most will probably answer credit card debt.

Do you find yourself knee deep in credit card debt?

[Phreak101]

I did, but I worked my ass off and am now debt free. SOme people just need to learn from the school of hard knocks about debt.

[Hackamaniac]

None here thank god

[USfighterFC]

I'm almost debt free.......credit card debt is THE worst debt to get into.

[GREENMACHINE]

I pay mine in full every month.

[305GUYistheman]

SOme people just need to learn from the school of hard knocks about debt.

that sounds like me right now. In a month i've spent like 10 g's (just moved into a house and bought mad shit).....but atleast i owe it at 0% APR

[THE_DOME]

i owe 1k best buy 3k misc cc debt i done feel like its that much

[305GUYistheman]

i owe 1k best buy 3k misc cc debt i done feel like its that much

depends on how much money you earn..

[rake922]

depends on how much money you earn..

True, but it really depends more on the expenses you have. if you can only make the minimum payment on your cards because you have a low income paired with high expenses (which are neccessary of course) , it's near impossible to get out of.

[Lavinco]

Credit cards are the fall of America.

[zimmy]

actually it is based on lines of credit which was the fail of england back int he day

[mcpeepants]

i just got my first credit card so I have zero debt (plan to keep it that way). I have student loans though.

[rar1015]

Im in debt with credit cards and it sucks ass.

[bigpapabuff]

I pay mine off every month, but I really don't have any big expenses right now. I can definitely see how it could get out of control quickly and easily though.

[RussianVodka]

I am working on reducing my debt. Now I have about 5000

[MotoXracer]

Well being in debt isn't nessisarily a bad thing as long as you use the money to work for you. I borrowed $20,000 on my credit card to start a buisness with. I'm only paying 2.99% on it, which is less then rate of inflation, so in theory, the longer time goes on, the less and less that debt is. Plus with savings rates as high as 5%, you can just borrow the money and put it your savings account which is what I did also.

I borrowed 20k, used 10k to start a buissness, and put the remaining 10k in my savings. Now at 5%, my savings is generating about $40 a month in interest. 2.99% of 20k comes out to about $50 a month in interest, so i'm only paying the difference. So I basically got a $20k loan for 1/2% interest rate.

[TheNextAmericanIdol]

credit cards sucks...wait girlfriends with your credit cards suck...yeah thats it!

[Ejuicer]

I've got my card maxed out at 500 right now. I just use it for the occasional online order and pay it off on a regular basis. I don't think they're that dangerous as long as you keep your self at a respectable limit.

[aadrenaline]

ah yes i have some but its all 0% interest for 18 months
so not too bad

[cfiler]

I just got rid of my credit card debt last week. I went and took out a loan from my bank to consolidate my credit card debts and my car loan. I even have a better interest rate now than I did before on my car loan.

[D3m3nt3d]

right around 10k

[BIGDAN65]

i pay mine off every month, but i know how easy it could be to get in trouble

[USfighterFC]

Never trust a guy named Dan. Dan rhymes with man and men are jerkoffs.

[gixxerboy1]

It seems the more you make the more you owe.

[steve0]

i dont even own a credit card anymore, i paid mine off last year and then cancled the fugger

[rake922]

i dont even own a credit card anymore, i paid mine off last year and then cancled the fugger

way to go steve0