Credit Card Debt

[Rockefeller]

The average household carries $8,000 in credit card debt according to MSN. How do you compare?

 

[Theo]

$0.00

 

[DNP]

What credit card is?

 

[Rockefeller]

I have 0 as well...though i think its easier for domainer's to have a lot of credit card debt...they see a good deal on Sedo and they can't resist pulling out the Visa.

 

[KaneCo]

0.00

Still use cards but paid off regularly

 

[Theo]

A credit card should be used sensibly. I always pay mine off before the end of the billing cycle, thus incurring zero in finance charges. Using a credit card in this manner helps you improve your credit score as well. Now, I cannot vouch for the financial habits of my fellow Greeks....

 

[Onward]

for 29 days I have credit card debt....and pay it off each month down to 0...

I regularly use credit cards...just don't carry the debt.

 

[tonyfloyd]

Now, I cannot vouch for the financial habits of my fellow Greeks....

I am one of those fellow greeks...thanks for the reminder Theo!...

Rock - u conducting some sort of demographic surveys???...lol..

 

[Theo]

Tony I'm referring to the Greeks that live in Greece who have never been educated in the proper use of a credit line. In the US, credit regulates most aspects of life and for the most part there is lots of material developed to assist with the education on managing debt & credit.

 

[dadster]

zilch here as well

 

[whitebark]

Wow so many deadbeats... industry term for those that payoff their balance before the end of the month.

 

[Rockefeller]

I am one of those fellow greeks...thanks for the reminder Theo!...

Rock - u conducting some sort of demographic surveys???...lol..

No, just like to get people talking. This wouldnt be a fair survey anyway, the people on this forum that are 20k in CC debt simply wont respond, or even look at this thread.

 

[tonyfloyd]

i'm looking....

 

[GAMEFINEST]

If you havent seen this movie about the credit card industry....you shoud ..

http://www.maxedoutmovie.com/

documentary....Pm me and thank me later

 

[Rockefeller]

Looks like a good movie!

 

[tas38]

( the people on this forum that are 20k in CC debt simply wont respond, or even look at this thread. )

Ok I'll own up to it, but when it's very cold out side. And fuel oil is $2.69 per gallon, and you don't have the money to get the min 150 gallons. You pull out the credit card even though, you know it's a money trap. It's a crappy thing to do yes, but you do what you got to do to get by. Darn good thing they recycle credit card debt, every 7 years or I would not have any credit cards now.

Boy do I got a sad story to tell, but it's to long and it will forced me to think about it, and that will depress me, even more then I am already so I will leave it at that.

 

[FuseFX]

Wow so many deadbeats... industry term for those that payoff their balance before the end of the month.

And proud to be one. =)

Another one with 0.00 here. Citi people must hate me too much LOL.

 

[zangief]

I worked at a banks credit card branch while at university , I called too many people that have debts and listened to them.
As a result I don't use credit cards

 

[Bill Roy]

Actually I am owed money by credit card company!

Here in the UK the CC companies were levying unlawful fees and now they are having to repay them with interest!

So as I had a few late payments back in the 90's (university life - now that was fun) and they charged me it now works out that I will have a positive balance in about 5-6 weeks!

 

[DomainBELL]

zero....

I have a ton of credit cards...
all zero balance though...

I prefer to pay as I go...

~DomainBELL (Patricia)