So who carries debt?
08-28-2007, 08:38 PM
#1
So who carries debt?
In light of our recent 80$ discussion I got to thinking how many other users on here carry debt they either don't consider to pay, or just plain right off.
I can see debt on a Car, house etc. Sure but CC's, laons from freinds, etc. how many off you see these as acceptable debts to carry? Or am i just way out of line here. Seeing as I have no credit, and everytime I think about buying something big i talk myself out of it. So what do you guys think?
I can see debt on a Car, house etc. Sure but CC's, laons from freinds, etc. how many off you see these as acceptable debts to carry? Or am i just way out of line here. Seeing as I have no credit, and everytime I think about buying something big i talk myself out of it. So what do you guys think?
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08-28-2007, 08:46 PM
#5
Senior Member
iTrader: (1)
Join Date: Jun 2006
Location: Outside of the Loop-ATL
Posts: 761
Total Cats: 1
well as I am in college I am in hugh debt and I ******* hate it.
I have a CC and School debt but nothing else.... now my school debt is that of a small house
I plan to pay my college off within 5 year top(hopefully 3) I have no car payment(alway paid cash), and my CC is just to help with school like my computer and other jack-up ****.
I want to get to a point where a mortgage is the only debt I have. Well that is the goal atleast
I have a CC and School debt but nothing else.... now my school debt is that of a small house
I plan to pay my college off within 5 year top(hopefully 3) I have no car payment(alway paid cash), and my CC is just to help with school like my computer and other jack-up ****.
I want to get to a point where a mortgage is the only debt I have. Well that is the goal atleast
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08-28-2007, 09:30 PM
#11
Supporting Vendor
iTrader: (33)
Join Date: Jul 2006
Location: atlanta-ish
Posts: 12,659
Total Cats: 134
I have around 20k in credit card debt. Had 0 credit card debt before I was injured 18 months ago. Not being able to work + doctor bills is the suck. 
I also depleted my savings, nearly 50k, but most of it went to my new house.
Have a house payment. No car payments.
I also depleted my savings, nearly 50k, but most of it went to my new house.
Have a house payment. No car payments.
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08-28-2007, 09:44 PM
#13
In HS, debt is yet to come...
With the ridiculous amounts that colleges want for tuition now a days I think that those online college things are going to get a lot more popular as they are attractive for obvious financial reasons. But I don't know about the level of education that one would receive online, and how it would look to others.
Oh and I owe my dad $500 for some parts I broke when I hit a storm drain via a deer.
With the ridiculous amounts that colleges want for tuition now a days I think that those online college things are going to get a lot more popular as they are attractive for obvious financial reasons. But I don't know about the level of education that one would receive online, and how it would look to others.
Oh and I owe my dad $500 for some parts I broke when I hit a storm drain via a deer.
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08-28-2007, 09:55 PM
#15
Senior Member
Join Date: Oct 2006
Location: Honolulu, HI
Posts: 563
Total Cats: 0
I have my mortgage, and some credit cards. That is all that I have, credit is a good thing when used properly. The owing friends money thing though on the other hand, I will try my hardest to keep from borrowing money from friends. If I do, that becomes my first priority.
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08-28-2007, 11:03 PM
#18
How old are you guys that have no debt? Kids?
I now only have a mortgage and a payment on a vehicle. Otherwise no debt. But that's recent. Before that I had my fair share.
Built a house this year. Sold my condo to do it and got $304K for it. Took nearly a year to build and since the market has gone insane. Paid $250K for the house, it's now worth nearly $400K. Has been a good year for us. Nice small mortgage, and paid off all my debt and bought some toys.
Jay
I now only have a mortgage and a payment on a vehicle. Otherwise no debt. But that's recent. Before that I had my fair share.
Built a house this year. Sold my condo to do it and got $304K for it. Took nearly a year to build and since the market has gone insane. Paid $250K for the house, it's now worth nearly $400K. Has been a good year for us. Nice small mortgage, and paid off all my debt and bought some toys.
Jay
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