View Poll Results: How much money do you owe in your life?
$4000-$8000 -- I have the "normal" U.S. national average in regards to overall debt
5.36%
Voters: 56. You may not vote on this poll
How much debt do you have?
#12
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True Car Nut
Join Date: Dec 2002
Location: Sauk Centre, MN
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I barely fall into the 2-4k category, but with Friday'* loan payment it'll drop me down under 2k.
I owe 15xx on the SSEi, and a personal loan for $625 (left out of $1200 before Christmas).
I owe 15xx on the SSEi, and a personal loan for $625 (left out of $1200 before Christmas).
#13
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Join Date: Mar 2007
Location: Livermore, CA
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About 12k on cards, over 60 in student loans(When at first you fail out of your physics program, don't try again), no car loans or any other debt.
#14
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Join Date: Sep 2006
Location: Bloomington, MN
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mmm, well, about $800 on my card which will be the first thing i pay off when i start working this summer.
but then i have $16k in student loans so far, but those dont count yet since i dont have to pay them till im done
but then i have $16k in student loans so far, but those dont count yet since i dont have to pay them till im done
#16
Our Firehawk and Sonoma is our debt (other than real estate). $4500 is left between the two notes. I'd pay them off early, but the interest rates are so low, it'* like renting their money for free (3.9% on the Firehawk and 5% on the Sonoma). They'll both be done within the year, though.
#18
Senior Member
Expert Gearhead
Enough....
However, my assets > my debts so it really doesn't matter. If I had to liquidate, I could easily cover my debts.
I carry a bit of a balance on my credit card, but my only true debt is a line of credit with about 10-15K owed. I owe money on my car, but I got it for a decent price so what I owe is pretty close to what I could get for it, hence not a huge debt.
However, my assets > my debts so it really doesn't matter. If I had to liquidate, I could easily cover my debts.
I carry a bit of a balance on my credit card, but my only true debt is a line of credit with about 10-15K owed. I owe money on my car, but I got it for a decent price so what I owe is pretty close to what I could get for it, hence not a huge debt.
#19
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Join Date: Feb 2005
Location: Brampton, Ontario
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Can't remember the last time I had any debt but then again that may be the reason why I'm trying to get a 11 year old car on the road when you puppies are driving newer models.
I'm jealous.
I'm jealous.
#20
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Join Date: Feb 2008
Location: Chesterfiield, MI
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the only debt i have is my car. i still have 19,000 to go.
credit cards get paid off as soon as i get the bill or before
but the good news is that ill have the car paid off before the 5 years is up for sure.
credit cards get paid off as soon as i get the bill or before
but the good news is that ill have the car paid off before the 5 years is up for sure.