Poll of the Day > Do you have any credit card debt?

(+) Yeah! (+)

of course not counting ones you routinely pay off every month. just read on yahoo that the total accumulation of credit card debt is the largest in the u.s. in 30 yrs, i think that means the percentage in increase and i think the total credit card debt in the u.s. is the greatest it's ever been

Though iirc the total in student loans is greater than the total owned in credit card debt, though not sure, correct me if i'm wrong.
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A little bit, I'm planning on paying it off when I get my tax return in a few days.
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Nightengale posted...

A little bit, I'm planning on paying it off when I get my tax return in a few days.

i'm not really familiar never really carried a balance, so you're charged like 8 percent interest on your balance every month? sucks, dude.
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No. I accumulated a huge balance while I was in grad school, never again! I don't even have any credit cards now, no loans, just bank card and pay as I go.
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I pay it off in full, on time, every month, no exceptions. ^.^

Credit card company isn't making any money off of me! ^.~

(not directly at least; I know that they do charge the merchants)
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No. Absolutely not. I pay for what I spent at the bilong date. I've never been late either.

CC debt is a big headache. I've seen people go to jail and have their lives fall apart because of this. And I'm talking about people who want to create a persona or image that show them off as wealthy when the truth is they are anything but.
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Yes, getting married and paying for 90% of the wedding will do that.

But on the bright side my credit score broke the 800 mark recently
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I have about 2k of credit card debt right now but I don't pay interest on it.

My system is to use a card with a 0% APR intro rate and just when it's about to expire, I pay a 1% balance transfer to another card with 0% APR.

I've been doing this for years and the debt used to be alot more.
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Right now, about $500
100 of which is on my normal credit card and is paid off every month.
400 was a large purchase that I still have 6 months interest free on.
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Yes I do

Ironically, having a 4k balance and slowly paying it off has done a lot better for my credit score than I imagined... just keep giving them money and stop spending. It is really sad

However I really advise not doing that even if you have the money lol
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Heck yeah.

Online shopping has ruined me.

I've never carried a balance on my credit cards.
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I haven't paid interest on my card since I got out of school (so about 4 years now).

It's a great feeling that they literally pay me to use the card.
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RCtheWSBC posted...

I've never carried a balance on my credit cards.

Only use my credit card for gas, mostly. Sometimes Christmas shopping. Pay it off every month. I might have a balance of $100 or so right now, not even sure.
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cute_fan posted...

I pay it off in full, on time, every month, no exceptions. ^.^

Credit card company isn't making any money off of me! ^.~

(not directly at least; I know that they do charge the merchants)

Yep, exactly this!
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SkynyrdRocker posted...

RCtheWSBC posted...

I've never carried a balance on my credit cards.

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Nope but I have debt via other methods.
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No, I never buy anything I card afford straight away.
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VeeVees posted...

No, I never buy anything I card afford straight away.

Neither do I, but using a credit card responsibly, making your payments, and not carrying a massive balance helps build your credit. My credit score is consistently in the high 700s. Think last time I checked it was 786 or something.
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I'm not American.
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No. Pay mine off every month, I hate the feeling of owing anyone anything.

(My credit score was around 800 last I checked)

I am about 4k in debt. Working on paying it off as quick as possible.

2.5 on one card. And 1.4 on another because of an emergency car repair.
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No, the second I got a credit card I forced my mind to pretend that it was a debit card. The second I swipe the card, the money is gone. Thankfully years later this mindset is engrained in me. I pay it off every 2 weeks, just because.

just the one i routinely pay off the balance of every month, ok?
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credit cards...bleh
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Like a hundred or 2, nothing I can't pay off in a reasonable time
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XBoner posted...

Nightengale posted...

A little bit, I'm planning on paying it off when I get my tax return in a few days.

i'm not really familiar never really carried a balance, so you're charged like 8 percent interest on your balance every month? sucks, dude.

It would depend on what his interest rate is. Let's say it is 8%. Would then be charged 1/12 of 8% for the month because the 8% is the annual interest rate. Technically, interest is charged daily so it would be slightly more than that, but close enough for the purpose of this discussion.
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Yeah. I'm going to pay it off with part of the tax refund though. It's not much.
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Steven010702 posted...

XBoner posted...

Nightengale posted...

A little bit, I'm planning on paying it off when I get my tax return in a few days.

i'm not really familiar never really carried a balance, so you're charged like 8 percent interest on your balance every month? sucks, dude.

It would depend on what his interest rate is. Let's say it is 8%. Would then be charged 1/12 of 8% for the month because the 8% is the annual interest rate. Technically, interest is charged daily so it would be slightly more than that, but close enough for the purpose of this discussion.

8% would also be a very low interest rate for a credit card. I'm not even sure I've seen one here for less than 13%, and I've seen as high as 25% which would be soul crushing to carry any kind of balance on.
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i don't even have a credit card
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I'm super cheap.

So no.

Anytime I use my credit card I pay it off almost right away anyway.
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XBoner posted...

Nightengale posted...

A little bit, I'm planning on paying it off when I get my tax return in a few days.

i'm not really familiar never really carried a balance, so you're charged like 8 percent interest on your balance every month? sucks, dude.

Well I don't usually carry a balance, but I didn't have a job for a while when I moved so I needed to use it for some things. I always do make the minimum payment at least, but I'd rather just have it cleared so I can actually use it again.
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Zangulus posted...

Yep. The last year has been pretty rough.

Same here, man. I feel you.
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Used to. Paid it all off.

Monthly payments like car insurance and Netflix are always paid off on payday.

Everything else is paid off right after the transaction is posted.

dancer62 posted...

No. I accumulated a huge balance while I was in grad school, never again! I don't even have any credit cards now, no loans, just bank card and pay as I go.

If you can use credit cards just buying what you need and resisting temptation a lot of them have quite a few perks and free stuff or money.

http://www.nbc.com/saturday-night-live/video/dont-buy-stuff/n12020?snl=1

SNL explained it a while back...
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Yes. But only because I lost my job. As soon as I find a new one it will be paid off as quickly as possible and I'll be back to paying it off with each pay check.


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Not much, but yeah. I built up some balances slowly but surely after our bonuses at work were reduced, and then I had a bad seizure and had hospital bills, then I got diagnosed with lyme and I miss a lot of work with FMLA. So I'm way less comfortable and more in debt than I was three years ago despite three pay raises.
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No, I don't have any debt. I don't like to spend money, makes me feel overwhelmingly guilty for some reason I've never been able to figure out. Its why my computer is still using 32-bit Windows Vista.
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I don't use credit.
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I use my credit card for everything. I don't even carry cash. I put every 4th or 5th paycheck into my credit card balance.
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The only reason I even bothered with getting a credit card was to build up a credit score so I could buy a home.

I own a condo now, and I love it!

I'm still determined to keep up my good credit score so I'll have the option of taking on some debt to make some upgrades here, if need be. Generally speaking, though... yeah, I'd really prefer to play this credit game to the minimum extent possible.
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No but if I could borrow about 9 grand that would be great
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Never had any credit card debt - when the bill comes, I pay it straightaway.
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As of today, I am credit card debt-free. >:)
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Incidentally, a year ago I had no credit. I tried to buy my own place then, and it just wasn't gonna happen.

So, I went to my bank, and asked for a secured credit card. I had to put aside a few hundred bucks for this.

I then put a few monthly bills on auto-pay with that card. Cell phone, internet, Netflix... and I made a point of paying it off in full, on time, every month.

Six months later, I had a credit score of 738. I then had no trouble at all getting a home loan under a first-time homebuyer program. I ended up shelling out less money up-front to buy my condo than I would've needed to rent an apartment.
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Nightengale posted...

As of today, I am credit card debt-free. >:)

Good time to go on a spending spree then. I'm about to max my cards to hire a private investigator or possibly a hacker to figure out who keeps tagging me all over this god damned site and then deleting their posts so I can't see who it is.
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i have about $7k in credit card debt now. that's my only debt outside my student loans now.
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The only time I ever use the thing is when I forget my debit card. Spending money you don't have is the whole point of a credit card, I never use it that way.
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