| How much credit card debt is acceptable for you?
Posted: 9/2/2007 6:56:02 PM |
Credit card debt is one of the biggest problems in America. Yet here 99 percent of the post say they have none. Hmmm. What's wrong with this picture?
Nothing wrong with the picture. Focus is fine.
POF forum posters make up less then 1% of all the forum members. So this thread hasn't even busted the .01% mark yet. Not likely to either.
Most who have a large credit card debt isn't going to own up to the fact that they are living beyond their means. This is a dating site after all. So the ones who carry debt would worry about scaring off a potential mate. | |
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| How much credit card debt is acceptable for you?
Posted: 9/2/2007 7:18:40 PM | credit card debts (particularly store cards at 25% or higher), student loans, mortgages, etc...it can get overwhelming and scary. but how one copes with that debt burden, and how they intend to resolve their debts is far more telling than the dollar figure itself.
my primary concern would be collection agencies coming after me for my partner's debts. so long as my name stays off the loan contracts, and as long as i'm not playing sugar momma to someone who can't pay his own bills, then i'm not particularly worried. | |
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| How much credit card debt is acceptable for you?
Posted: 9/3/2007 5:28:59 PM | I have no credit card debt. I pay it off every month. Just to build up my credit score. You can take advantage of a credit card, if you signed up with a new credit card some have the introductory 0% APR for the first year and if some unexpected expense came up it could give you some time to pay it off without collecting interest. I think of it as leverage. Credit cards are so easy to use because when you pay things with cash, most would be hesitant if they don't need it.
Credit cards, I think says a little about the person, takes a a lot of self control to use credit cards wisely. I know people like to live beyonds their means and some have been abusing credit cards. | |
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| How much credit card debt is acceptable for you?
Posted: 9/3/2007 5:44:07 PM |
Most who have a large credit card debt isn't going to own up to the fact that they are living beyond their means.
I think this is correct. After all the posters bragging about zero balances on their credit cards (me too! me too!), very few are going to post that they have a big balance or any at all that gets carried over from month to month. But having a large credit card debt isn't always an indication of living beyond their means because there are emergencies that come up where only a credit card can save from disaster. Apparently, having a large credit card debt in only another in a long list of reasons to cross somebody off the list for consideration. | |
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| How much credit card debt is acceptable for you?
Posted: 9/4/2007 12:31:48 AM |
Your credit card debt or really your credit scores are very important [...] So you do want to have credit card debt,
Negative. You want to USE credit. You DON'T have to have debt. Having a good debt to credit ratio is important (aim for 50% of your available credit or lower). As I stated previously I use my credit cards for everything. My credit score is decent for being 25. It's been 750-ish for a couple years now. My credit limits go up, and my debt does not. Then my debt to credit ratio looks even better & it boosts my score. | |
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| How much credit card debt is acceptable for you?
Posted: 9/9/2007 11:21:27 AM | A friend of mine got married a few years ago and when it came time to file taxes she insisted that they file together and when they did, they got no money back at a time when they really need it because she "forgot" to tell him about some debt that she had before they even got married.
Needless to say, he was pissed. | |
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| How much credit card debt is acceptable for you?
Posted: 9/9/2007 1:24:40 PM | I try my level best to not carry any credit-card debt. There have been instances where I've had to carry a partial balance from one month to the next, but it has never been large, and is always due to unexpected circumstances. (My car needs a repair job on its' transmission, or some other big-ticket item that I hadn't planned on...)
My philosophy has always been - if I can't pay for it in cash, I won't put it on my credit card either. | |
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| How much credit card debt is acceptable for you?
Posted: 9/9/2007 1:34:50 PM | Few and far between that I've ever carried a balance beyond paying it off at the end of the month... once many years ago (15?) when I bought some new furniture (like $2500, I think I carried $500 into the next month) - but that was planned... since then I don't think ever.
Mortgage, obviously I had (although its paid off now), and the car loan when I got my truck (also paid off now). I use the debit card for groceries, but I usually use the credit card for things like clothes, home depot, etc... and I am *sure* to use the credit card for online purchases (its easier to argue charges on a credit card than on a debit card). | |
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| How much credit card debt is acceptable for you?
Posted: 9/9/2007 4:57:52 PM |
Europe (where I am from ) is much more conservative in terms of credit card debt.
Well I am sure you have mnoticed how in the US many are all about having the biggest house, car, flashy clothes, etc. Responsible financial habits are not genrally a habit of many Americans, from our government down the the lowest economic groups.
How much do you Americans will find appropriate for a person you may be willing to settle down?
Well before I get serious with some I need to know how they handle their money. I wont get seriously involved with someone who is not responsible. | |
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notard
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Joined: 1/10/2007
Msg: 138 | |
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| How much credit card debt is acceptable for you?
Posted: 9/9/2007 8:35:30 PM | | I only use my debitcard and only use credit when it's an emergency or there is a special promotion with using the card and then I just pay it off at the end of the month. | |
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| How much credit card debt is acceptable for you?
Posted: 3/27/2008 5:47:44 PM |
How much credit card debt is acceptable for you?
None, zero, zilch, not a penny!
In the vast majority of cases, credit card debt is easily avoided... if you can't pay for it in full when the bill comes in, don't buy it! | |
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| How much credit card debt is acceptable for you?
Posted: 3/27/2008 6:05:01 PM | | I wouldn't want to pay the interest they charge! I pay the balance in full every month. Some of my credit cards pay me to use them. My GM card puts 5% into an account that can be used when buying a new car. A few years ago they also added over a thousand $ as an incentive to buy a car within a month. That plus the rebates they were offering and a dealer discount saved me over $5000 on a new relatively low cost car. | |
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| How much credit card debt is acceptable for you?
Posted: 3/27/2008 6:40:58 PM | Where are you people getting 25% interest rates from? My interest rate is like 4.9%, and that's because I have no credit history! If your interest rate is that high, call the card company and get them to lower it!
Edit, totally forgot why I went back to this post. I unfortunatly will have a great deal more credit card debt than I had anticipated. Due to circumstances beyond my control I have to move out of my parents house by June 1. I do have some money saved up right now to pay for all the moving out costs, but once school starts up again in the fall, almost everything will have to be credit. I'm going to be attending law school and from what I've heard from friends of mine in law, the average law student spends about 10-14 hours a day in class and studying. That does not leave any time for even a part time job. So unfortunatly my aproximate $20,000 in debt based on just student loans, will probably be a great deal more. I will of course work every summer, but that will just barely cover the cost of tuition. And I'm not about to give up my dreams just so I have zero debt when I'm done school. I do however have a plan to pay it off as soon as possible, and have a very restrictive budget that I know I can work with. I'm not a huge spender to begin with so it shouldn't be too difficult... (Myt average credit card bill at the end of the month is about $800 but the majority of that gets paid by the insurance company as it's mostly massage and chiropractor costs... only about $200 a month is 'personal' expenses, meaning that has to get paid off by me... and 95% of the time it gets paid on time.... the rest I get an interest free loan from my parents for.... I'm very lucky that way!). | |
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| How much credit card debt is acceptable for you?
Posted: 3/27/2008 6:53:32 PM | | i have zero credit card debt and if i can do life with out the cards anyone can, it make it too easy to use for not needed items, why charge if you can pay cash or should i say why charge if you dont need it. I work hard to be free from debt and anyone would be able to do it. | |
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| How much credit card debt is acceptable for you?
Posted: 3/27/2008 8:01:00 PM | I have never paid one red cent of interest on any credit card in over thirty years ,(lifetime), of having a card. They keep upping my limit every year. ($20,000 and counting)
I use it often and maintain a score of 874. (Fico)
I guess I would prefer to have a S/O with a reasonable or managable debt. There are usually better alternatives than credit cards. I use them for convinence only, as they are a poor choice for a loan.
I feel that the common person's debt management, says a lot about their character. | |
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| How much credit card debt is acceptable for you?
Posted: 3/27/2008 8:10:07 PM | | You should honestly get to know someone for who they are and deal with that later. You will at least find someone you are compatible with to which you can discuss debts... | |
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