Current Events > How much credit card debt do you have?

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Like 5500 I think

Usually like $1000-$1500 every month, but I pay it off in full >_> But a good chunk of that is actually business expenses for work that I get reimbursed for too. I put it on my card so I can get the points lol

$1500

This will mostly be gone once I get my taxes back

0 because I've never fucked with credit cards. Heard way too many horror stories about people being up to their eyeballs in credit card debt.

Ive got like $600 right now. Also around $250 left on my mattress credit.

I said I pay everything off I charge but I guess its not instant. I pay off what I charge every paycheck so technically I have debt now. I got to get that cash back

$1200ish. I used to pay all charges off every month, but realized it was better for my credit to carry a small balance, and just never miss payments.

ffmasterjose posted...

0 because I've never fucked with credit cards. Heard way too many horror stories about people being up to their eyeballs in credit card debt.

While I've never quite been 'up to my eyeballs', I've definitely rode on the hamster wheel of paying on a card just to be able to live off of what I opened up with the payment. For way too long.

[LFAQs-redacted-quote]

I was on a long shift a couple week ago and I paid someone to order doordash.

I don't get how people pay $20 for something that costs like $8 <_<

Like, I like my time but I'm not paying over double just cause I want to be lazy.

I pay off my credit cards every month but rn it's sitting at around $1200. Last month's statement was $3500 tho

Currently at 1100 but I pay it off every month

I never carry a balance

I have a credit card I use for all my monthly purchases like food and gas. I pay it off each month. It's usually around $600 by the end of the month. I have never once paid a penny on interest on a credit card my entire life and I'm a couple months shy of 48. I treat it like cash.

ItsNotA2Mer posted...

$1200ish. I used to pay all charges off every month, but realized it was better for my credit to carry a small balance, and just never miss payments.

It's not, if you're paying interest you're just giving away money.

Opening a credit card is like willingly fighting a rancor.

Sure, there was that guy who did it and lived. They even made a movie about it.

I usually pay my balances at the beginning of the month, so I'm at some amount lower than $250 currently.

Gotta be honest, I dont even mess with pushing into the card. I just pay it every month.

I think 600 right now because I havent paid one of my cards yet this month

A big fat goose egg.

I dont have a credit card

ItsNotA2Mer posted...

$1200ish. I used to pay all charges off every month, but realized it was better for my credit to carry a small balance, and just never miss payments.

This is literally not true. I've never held a balance once in my life and I have 820 credit. Holding a balance is a myth and you've been wasting money from interest for no reason

If you want a good credit score, pay it off before the end of the month.

RetuenOfDevsman posted...

Opening a credit card is like willingly fighting a rancor.

Some of y'all take this way too seriously lol. Treat it like a debit card and only buy what you would've paid for with debit anyways. Set up autopay to pay off the balance monthly and you're basically all set.

RetuenOfDevsman posted...

Opening a credit card is like willingly fighting a rancor.

Sure, there was that guy who did it and lived. They even made a movie about it.

IDK in the few years I've been dabbling in rewards cards I've gotten a few thousand dollars in points and paid zero interest

Blue_Thunder posted...

Some of y'all take this way too seriously lol. Treat it like a debit card and only buy what you would've paid for with debit anyways. Set up autopay to pay off the balance monthly and you're basically all set.

Seriously this lol. As long as you're not living above your means and pay everything off every month, you literally gain from it than if you never had it.

I pay off my credit cards every month unless I make a very big purchase, which Ill pay off over a couple of months. The only debt have right now is a couple thousand dollars of student loans left.

I have zero debt. I mostly just use my credit card for paying bills and I pay it off in full every month.

For online purchases I usually use Paypal which is linked to my bank account. I sometimes get drunk and spend more money than I mean to and will have little to no spending money for the next couple weeks, but I don't spend money that I don't have.

I dont immediately pay it after every purchase but I do auto draft the balance every month. Monthly balance is usually in the 1200-1500 range

Not enough

I only use my CC for the points. Everything goes on it if I can help it then I pay it off EOM

Currently have $100, but its just my groceries that I pay off monthly

Last year I hustled for 6 months to pay off $3500 in CC debt that I had been paying 25% interest for over a YEAR at that point. Never again. Now I pay my card off every month and manage my spending a lot better

9k between me and my wife. Just transfered balance so it should be easier to pay it down now.

Currently around $3700, but it's on a currently interest free card. Paid off before interest accrues. I put my gas and food on my other cards but they're also paid off monthly.

ffmasterjose posted...

0 because I've never fucked with credit cards. Heard way too many horror stories about people being up to their eyeballs in credit card debt.

Don't be too avoidant of credit cards. You'll want to build credit if you ever want to be approved for car loans, mortgages, or renting.

It's also a useful tool for unexpected big expenses like repairs or medical needs. So long as you pay at least the minimum on the card each month and don't go over your credit limit, you can break up a large emergency expense into smaller, more manageable pieces without breaking the bank.

They're also safer than debit cards for online shopping since credit isn't money you have, rather money you agree to pay back. So if someone steals your credit card information and makes a bunch of purchases with it, you can take more effective action through your credit card company to remove those expenses, report the card stolen, and deactivate it without as many hoops to jump through as with a bank.

30K probably

ZMythos posted...

Don't be too avoidant of credit cards. You'll want to build credit if you ever want to be approved for car loans, mortgages, or renting.

This is a myth the debt industry wants everyone to believe. I've bought three houses from three lenders and rented two apartments all without ever opening a CC.

Some of those were with a cosigner, others with programs like FHA, still more just because of connections that you could have made as easily as I did.

RetuenOfDevsman posted...

Some of those were with a cosigner

Well that's how you were able to get those then without credit lol

Like $950 charged right now but that includes all the lodging for my next vacation in March.

I pay off the full balance every month.

RetuenOfDevsman posted...

This is a myth the debt industry wants everyone to believe. I've bought three houses from three lenders and rented two apartments all without ever opening a CC.

Some of those were with a cosigner, others with programs like FHA, still more just because of connections that you could have made as easily as I did.

Sure, my first apartment was with a cosigner (a parent) and that's normal. That's an entryway to building credit as well. And after the first instance it's easier to be approved since you have that new credit in your name.

Credit cards are one of the more accessible ways of building credit, which is why they're recommended. Not everyone has access to a willing cosigner and it can be incredibly financially risky for that person since they're assuming all responsibility if you cannot make the payment. That's why it's usually family that does it.

My credit card balance is zero. I think the last time I used it was about 5 years ago.

I spend about $1k a month and pay that off in full each month.

I use my credit card for everything but I pay it off every month. I have other debt in the form of a HELOC which I don't feel great about but its not at 20% interest like credit cards are right now.

DKBananaSlamma posted...

This is literally not true. I've never held a balance once in my life and I have 820 credit. Holding a balance is a myth and you've been wasting money from interest for no reason

Interesting, I'll need to research this. Thanks for the info!

I had it all set to be paid off with my tax return in a week...

Then my cat had a stroke and had to be put down so it'll be 2 months before it's paid off.

I'm not paying interest though. These are payments I had deferred through Chases program for 0% interest.

~$120-130k or so

Not sure, I automatically pay the balance every month, so I just say zero