How much CC debt do you have?

[El Jefe]

My tax refund thread got me thinking about CC debt, I saw quite a few people say they were going to pay on their CC's. Just curious to see how much debt you have specifically on CC's and how many CC's you have? I have 3 credit cards, 2 are from PNC (formerly National City), and one from JC Penney, I took advantage of that when I bought some new clothes if I applied for the card I would get %25 off, and I used it once, and havent since. On those three cards though I carry no monthly balance, thankfully I don't use them much and pay them off. The only debt I have is my car, and my school loans which wont kick it until after I graduate anyways.

[Pants]

0.

I have 4 cards total, but only use 1 on regular basis. I pay it off completely every month.

[Demonpenz]

i had 4 grand coming out of college to pay for new shit for my apartment once i got a job, well now the bills are piled up because i needed a car for a job, cell phone, clothes, etc. I am having I get approved for a new Mastercard so I get get a lower rate on that one and use that card to pay off another one. I also had to use my card for gas bill which was high as hell this year. So in total probably round 7 or 8 grand I try to pay 22.22 every month so I can look in the mirror and say nice job dude. I plan on throwing 50 or so dollars at the balance when I get my tax return.

[TrebMaxx]

Zero balance right now. Pay the balance in full when we get the statement. We just use the cards as a convenient form of cash. If we can't afford to buy with what we have then we don't buy it. Exceptions do occur, but rarely, and we pay off ASAP in those cases.

[Munson]

I also have zero. I refuse to have a revolving balance on my credit cards. I pay it off in full every month. I won't buy anything if I can't pay it off in full when the bill comes.

[King_Chief_Fan]

My tax refund thread got me thinking about CC debt, I saw quite a few people say they were going to pay on their CC's. Just curious to see how much debt you have specifically on CC's and how many CC's you have? I have 3 credit cards, 2 are from PNC (formerly National City), and one from JC Penney, I took advantage of that when I bought some new clothes if I applied for the card I would get %25 off, and I used it once, and havent since. On those three cards though I carry no monthly balance, thankfully I don't use them much and pay them off. The only debt I have is my car, and my school loans which wont kick it until after I graduate anyways.

0 CC debt I use a cc for practically every purchase made and pay the entire amount off each month
0 house debt
0 car debt
0 debt

[Pants]

Zero balance right now. Pay the balance in full when we get the statement. We just use the cards as a convenient form of cash. If we can't afford to buy with what we have then we don't buy it. Exceptions do occur, but rarely, and we pay off ASAP in those cases.

Yeap. Credit cards just replace carrying cash for me. I would just use my debit card, but it has no rewards and it's not the safest thing to do since it's a direct link to all my money.

[MOhillbilly]

0$ cc debt
less than 6k total debt.

[ChiTown]

0 CC debt I use a cc for practically every purchase made and pay the entire amount off each month
0 house debt
0 car debt
0 debt

I can match that up to house debt, although what I owe monthly is less than my last apartment in Chicago.

[The Franchise]

A shit ton....but i'm working on paying it off and I always pay way more then the minimum due.

[The Bad Guy]

5k for a credit card that I used to pay off a college loan. This will be gone in just about 3 weeks when I get my refund.

Then zero credit card debt.

[King_Chief_Fan]

I can match that up to house debt, although what I owe monthly is less than my last apartment in Chicago.

then, I would say you are doing very well........now that you and i are debt free, look out for the libs who want you to pay for everyone elses debt.

[MOhillbilly]

my mom & pops were pay with cash, small loans from CU type people. A good lesson i learned early on.

[ChiTown]

then, I would say you are doing very well........now that you and i are debt free, look out for the libs who want you to pay for everyone elses debt.

That's already happenin', my man. It's scary.

[JD10367]

I pay my CC off monthly as well. But I also don't have a house or kids to pay for, so it's not that difficult.

[Bugeater]

None, thankfully.

[tyton75]

I have never had a credit card.. never once used one.

I use my debit card or cash for everything

[cookster50]

Zero balance right now. Pay the balance in full when we get the statement. We just use the cards as a convenient form of cash. If we can't afford to buy with what we have then we don't buy it. Exceptions do occur, but rarely, and we pay off ASAP in those cases.

This.

[Fire Me Boy!]

A shit ton....but i'm working on paying it off and I always pay way more then the minimum due.

This. I made the huge mistake in 2001 of financing a feature film on credit cards. Too much faith in a project that ultimately went nowhere.

[seclark]

0 for me
the wife has several and i have no idea how much.

hell, i don't even have a debit card. get cash from the bank once a week and buy gas, beer & chew.
sec

[ChiTown]

This. I made the huge mistake in 2001 of financing a feature film on credit cards. Too much faith in a project that ultimately went nowhere.

yikes:eek:

how many years will that take to pay down?

[Dayze]

way too much.
after the layoff and no job for 6 months, we had to basically live off of them since all other income went to house/cars etc.

on our way 'out' of CC debt, but it'll be a long haul. Can't even start putting a 'real' dent in it until Sept when my car is paid off; then use that $ each month to pay off the smallest one; then the next etc.

[MOhillbilly]

0 for me

hell, i don't even have a debit card. get cash from the bank once a week and buy gas, beer & chew.
sec
same but mines whiskey and cigs.

[seclark]

same but mines whiskey and cigs.

there's only a few things that stand between us and perfection.
sec

[MOhillbilly]

there's only a few things that stand between us and perfection.
sec

wonder twin powers activate!:)

[verbaljitsu]

No credit card debt.

Student loans...that's another story altogether.

[ExtremeChief]

I had over 10K. Cashed in my retirement to pay it off. Stupid? Maybe. but I'd rather lose that and find another way to build retirement than pay those CC fuckers 29% interest. Especially when they refuse to work with you. See ya bloodsuckers.

[Skip Towne]

No debt of any kind.

[Pushead2]

$380 because I haven't sent in the payment due for thei month yet. I use Cash Debit for everything. Unless I need to get something & pay it off in a month or two...

[DMAC]

Had a few months without a job about a year and a half ago...blew through savings...went to our CC's. Just NOW paid them off, this month. CC's suck poopy balls.

[Chief Henry]

NONE

[KC Dan]

0.000000000000000 FREEDOM!!!!!!!!!

[Pneuma]

~$1500

They only reason it is that high is because my wife had the card. I fixed that problem a couple months ago.

[sparkky]

no debt here other than living expenses. but then we don't have much either. LOL

most wouldn't live like we do I suspect.

[DTLB58]

$0
7 years now with no CC's whatsoever.

Freedom!!!!!!

[Jenson71]

Couple of grand from my semester in New York. I might detassel this summer and that should take care of it. I never use a CC anymore.

[keg in kc]

Neighborhood of 3500. Most of that's on cards from a decade or more ago, and I've paid them down about 1500 in the last couple of years. One of them has no interest rate, so every payment goes to the principal; I have no idea why it has no interest rate, and I'm not asking the CC company to find out. Gift horse and mouth.

I have a Master Card I use now when things get tight and I need to make a major purchase (like new tires in December; turned out that was a smart buy...), but it only has a $750 limit, so I can't go crazy, and I always pay it down as quickly as possible, usually in increments over 3-4 months.

[2bikemike]

I refuse to carry a CC balance. We pay it off every month no matter how big it is. We have a miles card that we charge almost everything on so we can get free flights.

We do have one car loan that should be paid off this year. But my truck and bikes are paid for.

[Pioli Zombie]

I'll let you know after the court hearing.
Posted via Mobile Device

[Mr. Laz]

Zero

pay off at the end of each month

[Fire Me Boy!]

yikes:eek:

how many years will that take to pay down?

Too long. Hadn't really been able to afford to make much of a dent until the last couple years. Live and learn, I guess. It's frustrating. Young and dumb at the time. No way I'm putting up my own cash next time.

It was an expensive lesson, but I will say this about the movie shoot. I learned more in those six months than I did in four years of college majoring in film.

[Rain Man]

Neighborhood of 3500. Most of that's on cards from a decade or more ago, and I've paid them down about 1500 in the last couple of years. One of them has no interest rate, so every payment goes to the principal; I have no idea why it has no interest rate, and I'm not asking the CC company to find out. Gift horse and mouth.

I have a Master Card I use now when things get tight and I need to make a major purchase (like new tires in December; turned out that was a smart buy...), but it only has a $750 limit, so I can't go crazy, and I always pay it down as quickly as possible, usually in increments over 3-4 months.


No interest rate? You should get cash advances and start your own savings and loan.

[Buehler445]

Payoff each month. I'd rather get a consumer loan, leverage my car, sell something, or just about anything than pay that fucking interest. Especially how low interest rates are right now.

[Reerun_KC]

0$

Dont even freaking own a credit card... Fuck them and Fuck that.

WE dont have the money we no buy it...

[RJ]

Zero at the moment and I intend to keep it that way. I had run up some CC debt helping out family a few years ago. When the economy started going to shit I made paying off that debt priority one. Since then, if I use a CC I pay it off before the next billing period.

[Mastashake]

0. I'm almost 27 and have never had a credit card. My dad always taught me they were evil and to never use them, and now that they have debit cards I don't have to.

I also have little to no credit, though. I've always drove around junker cars which required no loans, and many times lived as a roommate to people who had all of the bills under their name and not mine. I guess there's drawbacks to everything. :(

[BWillie]

ROFL ROFL ROFL

People in credit card debt. Don't understand.

Do not buy shit you can't afford. Simple. Done. You want to go to France but can't afford it? Don't go, get a second job, or save up. Only way I will somewhat understand is if it was for medical bills. Otherwise, you have no excuse but yourself.

I guess I did carry a credit card balance once, but I finaggled my credit card company to give me a 0% APR "loan" that I did not have to pay back for 15 months during my last semester of college. All I had to do was pay the minimum of like 30 dollars. So, I incurred no interest and then have never used that card since.

[DaneMcCloud]

This. I made the huge mistake in 2001 of financing a feature film on credit cards. Too much faith in a project that ultimately went nowhere.

No risk, no reward.

But, I bet it made you a better filmmaker and led to better jobs.

[Shaid]

$0

Paid them off about 8 years ago and haven't used them since.

[Silock]

I think we have like $75 on the card at the moment. We only have one, and use it for emergencies.

[Mastashake]

ROFL ROFL ROFL

People in credit card debt. Don't understand.

Do not buy shit you can't afford. Simple. Done. You want to go to France but can't afford it? Don't go, get a second job, or save up. Only way I will somewhat understand is if it was for medical bills. Otherwise, you have no excuse but yourself.

I guess I did carry a credit card balance once, but I finaggled my credit card company to give me a 0% APR "loan" that I did not have to pay back for 15 months during my last semester of college. All I had to do was pay the minimum of like 30 dollars. So, I incurred no interest and then have never used that card since.

My dad taught me with the exception of a house, an education and a car, if you don't have the money right now, assume you will not have it later.

[Bugeater]

ROFL ROFL ROFL

People in credit card debt. Don't understand.

Do not buy shit you can't afford. Simple. Done. You want to go to France but can't afford it? Don't go, get a second job, or save up. Only way I will somewhat understand is if it was for medical bills. Otherwise, you have no excuse but yourself.

I guess I did carry a credit card balance once, but I finaggled my credit card company to give me a 0% APR "loan" that I did not have to pay back for 15 months during my last semester of college. All I had to do was pay the minimum of like 30 dollars. So, I incurred no interest and then have never used that card since.
There are plenty of legitimate reasons to have it, I had a business credit card for years that I used for working capital, and some people use them as a fall back when they lose their job or have unexpected expenses.

[BWillie]

There are plenty of legitimate reasons to have it, I had a business credit card for years that I used for working capital, and some people use them as a fall back when they lose their job or have unexpected expenses.

I have a credit card, I use it, but I just use it 'cuz they give me cash back and pay it back at the end of the month. There are better ways to get a loan for money IMO, but hey, I guess it beats dumb asses that go to those Pay Advance places. I honestly want to own one of those. When I get someone a loan at 40000% interest, and they sign. I'll just laugh at how dumb they are

[DaneMcCloud]

My dad taught me with the exception of a house, an education and a car, if you don't have the money right now, assume you will not have it later.

Huh?

So, if you're a business owner that is developing a huge property or properties, you shouldn't go to a bank for a loan to develop such properties?

If you're beginning a new business, you should always use your own funds and not those of a loan institution for your start up?

:shake:

No offense but this is very, very small thinking.

And incorrect.

[Mastashake]

I have a credit card, I use it, but I just use it 'cuz they give me cash back and pay it back at the end of the month. There are better ways to get a loan for money IMO, but hey, I guess it beats dumb asses that go to those Pay Advance places. I honestly want to own one of those. When I get someone a loan at 40000% interest, and they sign. I'll just laugh at how dumb they are

I had to use one. My rent was due that day and I wasn't getting paid for another 7. I have no credit card and no real credit so I did a title loan. Basically I ended up getting $400, and only 7 days later had to pay, I think $500-550. It was a rip. But I had to at the time.

[DaneMcCloud]

There are plenty of legitimate reasons to have it, I had a business credit card for years that I used for working capital, and some people use them as a fall back when they lose their job or have unexpected expenses.

Exactly.

How about having an American Express card that gives you points every time you charge towards Hilton or Starwood Hotels?

We haven't paid for a hotel in over a decade. And that includes 5 star stays in Rome, NYC, SF, Tahiti, Hawaii and Mexico.

Credit cards, when used wisely, can be a GREAT asset.

[Bugeater]

I have a credit card, I use it, but I just use it 'cuz they give me cash back and pay it back at the end of the month. There are better ways to get a loan for money IMO, but hey, I guess it beats dumb asses that go to those Pay Advance places. I honestly want to own one of those. When I get someone a loan at 40000% interest, and they sign. I'll just laugh at how dumb they are
There are better ways to get loans if you need a specific amount of money for a specific amount of time, but I wasn't about to go get a short term loan every time I needed to make a material or equipment purchase, a credit card was the simplest way to do it.

And I have no idea why those payday loan places haven't been outlawed, they're just predatory lenders.

[BWillie]

I had to use one. My rent was due that day and I wasn't getting paid for another 7. I have no credit card and no real credit so I did a title loan. Basically I ended up getting $400, and only 7 days later had to pay, I think $500-550. It was a rip. But I had to at the time.

At least you paid them back relatively soon, but you were still out an extra $150 bucks. I'm too cheap. I would have probably just sold my TV or something or something of value I had laying around that I never used. I just hate hate hate borrowing money. The only loan I don't care about anymore is my school loan, 'cuz I have like 4 grand left and it's at 3.75% interest...so I might as well just make the minimum on that and pay above my mortgage every month.

[Mastashake]

Huh?

So, if you're a business owner that is developing a huge property or properties, you shouldn't go to a bank for a loan to develop such properties?

If you're beginning a new business, you should always use your own funds and not those of a loan institution for your start up?

:shake:

No offense but this is very, very small thinking.

And incorrect.

Did I say I was a business owner? I was referring to personal use. Of course you'll need a backer in a corporation. But that would be an entirely different animal, one that doesn't apply to most people.

And most of the time it should still not be your credit being used, it should be the corporation's. Its a bad idea to expose yourself financially to any sort of large enterprise. This is why they created corporations, in order to minimize liability on the proprietor. Granted there will be starting costs (I'm not saying there shouldn't), but as much of the financial obligation should be deflected as possible.

[Direckshun]

Between a new house and my impending marriage (plus a vacation that was genuine a costly bait-and-switch), I'm a few thousand in but should be 100% out by the end of the year.

I've never been a credit card guy. This year's been an exception.

School loans are a bitch, though.

[BWillie]

There are better ways to get loans if you need a specific amount of money for a specific amount of time, but I wasn't about to go get a short term loan every time I needed to make a material or equipment purchase, a credit card was the simplest way to do it.

And I have no idea why those payday loan places haven't been outlawed, they're just predatory lenders.

I just keep 15-20K stored away at all times invested staggered in something that is liquid in case "shit happens". I don't even have collision coverage on my car, it's paid for. I self insure it myself because if I wrecked it, I'd have enough money to get another one or fix it. It'd suck, but it sure beats paying the insurance company. There is a reason why they make money. They subsidize for bad drivers w/ the SR22 and then good drivers basically have to pay for it.

[DaneMcCloud]

Did I say I was a business owner? I was referring to personal use. Of course you'll need a backer in a corporation. But that would be an entirely different animal, one that doesn't apply to most people.

And most of the time it should still not be your credit being used, it should be the corporation's. Its a bad idea to expose yourself financially to any sort of large enterprise. This is why they created corporations, in order to minimize liability on the proprietor. Granted there will be starting costs (I'm not saying there shouldn't), but as much of the financial obligation should be deflected as possible.

Business owners need CC, too. The idea of "don't spend it unless you've got it" is Depression Era thinking.

It's extremely important to be fiscally responsible but if you know the money is coming in, it's silly to act as if it isn't.

[Mastashake]

I just keep 15-20K stored away at all times invested staggered in something that is liquid in case "shit happens". I don't even have collision coverage on my car, it's paid for. I self insure it myself because if I wrecked it, I'd have enough money to get another one or fix it. It'd suck, but it sure beats paying the insurance company. There is a reason why they make money. They subsidize for bad drivers w/ the SR22 and then good drivers basically have to pay for it.

Not even liability?

So what happens if you smack into a 7-Series or something?

[doomy3]

Business owners need CC, too. The idea of "don't spend it unless you've got it" is Depression Era thinking.

It's extremely important to be fiscally responsible but if you know the money is coming in, it's silly to act as if it isn't.

Yep, this is exactly right. It is the only way to run a business with the intentions of large growth.

[DaneMcCloud]

I just keep 15-20K stored away at all times invested staggered in something that is liquid in case "shit happens". I don't even have collision coverage on my car, it's paid for. I self insure it myself because if I wrecked it, I'd have enough money to get another one or fix it. It'd suck, but it sure beats paying the insurance company. There is a reason why they make money. They subsidize for bad drivers w/ the SR22 and then good drivers basically have to pay for it.


What happens if you get in a wreck and the other driver ends up in the hospital for years on end? Or a quadriplegic? Paraplegic? Brain issues? Loss of limbs?

If you don't have insurance, you're screwed. You'll be paying that family for life.

[BWillie]

What happens if you get in a wreck and the other driver ends up in the hospital for years on end? Or a quadriplegic? Paraplegic? Brain issues? Loss of limbs?

If you don't have insurance, you're screwed. You'll be paying that family for life.

Do you not know the difference between collision coverage and liability insurance? I think you just misread :)

If you are so inclined though, I think you can get some sort of bond that proves you have enough assets and financial responsibility to act as your liability insurance. I don't know why you would want to do that though, sounds like a pain in the ass. Liability is cheap.

[Bugeater]

I just keep 15-20K stored away at all times invested staggered in something that is liquid in case "shit happens". I don't even have collision coverage on my car, it's paid for. I self insure it myself because if I wrecked it, I'd have enough money to get another one or fix it. It'd suck, but it sure beats paying the insurance company. There is a reason why they make money. They subsidize for bad drivers w/ the SR22 and then good drivers basically have to pay for it.
Well I wasn't smart enough to save up that kind of dough when I was young, I partied away every cent I made up until I got married. And even though we own all of our vehicles free and clear, I still carry collision on the wife's car since I don't have another $10K sitting around to replace it, hell it's only $30/mo anyway.

[DaneMcCloud]

Do you not know the difference between collision coverage and liability insurance? I think you just misread :)

Liability alone isn't going to cover you or the other drive in the case of a catastrophic wreck.

Do you have medical? If you don't have collision, what happens if it's your fault? What about medical? If you don't have that (and very high levels, I might add), how are you going to cover those expenses when it's anywhere around $25k to 100k per night in the hospital?

This sounds extremely immature and not well thought out.

[Mastashake]

Business owners need CC, too. The idea of "don't spend it unless you've got it" is Depression Era thinking.

It's extremely important to be fiscally responsible but if you know the money is coming in, it's silly to act as if it isn't.

It really wasn't meant to be a hard and fast rule. It was meant as a reminder: something to think about before putting that LCD on plastic. You can anticipate certain events happening: Paychecks, student loan checks, dividends, tax refunds, things of that sort. But unless you have a sound source for your income, don't think something is going to change somewhere to help you pay for it. Too many people charge without carefully planning out where the money is coming from down the road. This was merely an exaggerated point, meant to get people to think, not something set in stone.

I assure you, I have some wits about me when it comes to finance. I'm no expert, but I do understand credit to a functional level. I am fairly confident in my abilities, and will probably get a CC once I graduate from college. Until then I do not wish to take the risk financially. I'm fairly conservative, and although I wholeheartedly admit I will not be the type to become a wealthy entrepreneur, I am content with my standing.

[BWillie]

Liability alone isn't going to cover you or the other drive in the case of a catastrophic wreck.

Do you have medical? If you don't have collision, what happens if it's your fault? What about medical? If you don't have that (and very high levels, I might add), how are you going to cover those expenses (anywhere around $25k to 100k per night)?

This sounds extremely immature.

95% of all accidents you can mitigate if you are a really good driver. Sure there are times where there is nothing you can do, but I guarantee you the majority of the accidents my insurance company finds our insured to "not be at fault", they probably could have avoided it or mitigated the impact. Going through a green light? Make sure you look in all directions. Driving in a busy area? Maintain proper lookout. If I don't have collision coverage and I'm at fault, my liability pays for the other car and I fix mine w/ my own funds. You can get really high liability limits and an umbrella policy is usually dirt cheap for what it covers. That'll pay almost any injury to another person if you are at fault. The majority of people don't even carry medical or pip on their vehicle unless they are in a no fault state, and if they do it's not in high limits anyway. If I do get severely injured. I have my own health insurance for that that has a maximum out of pocket expense, and that is assuming the accident is my fault.

[Bugeater]

Liability alone isn't going to cover you or the other drive in the case of a catastrophic wreck.

Do you have medical? If you don't have collision, what happens if it's your fault? What about medical? If you don't have that (and very high levels, I might add), how are you going to cover those expenses when it's anywhere around $25k to 100k per night in the hospital?

This sounds extremely immature and not well thought out.
I think the state minimum here is 25K property damage and 50K medical, that's what most people carry.

[Mastashake]

Do you not know the difference between collision coverage and liability insurance? I think you just misread :)

If you are so inclined though, I think you can get some sort of bond that proves you have enough assets and financial responsibility to act as your liability insurance. I don't know why you would want to do that though, sounds like a pain in the ass. Liability is cheap.

I misunderstood also. I was thinking you were totally uninsured. Something I didn't think you were able to do. Though I've heard of super-rich people avoiding it because they can prove they have $50,000 (state minimum) in liquid assets in the event of an accident.

Yeah, liability does make sense. But no insurance is a bad thing, lol. :)

[BWillie]

I think the state minimum here is 25K property damage and 50K medical, that's what most people carry.

California allows people to only carry 5K PD, I think bodily injury is like 15K or something ridiculous like that. That state is retarded.

[verbaljitsu]

BWillie007 - You sound like a prime candidate to need GREAT insurance. You sound like you have a lot to lose. That is a reason to get better insurance, not worse.

Edit - Maybe I'm misunderstanding exactly what kind of insurance you have. If so, please disregard

[BWillie]

BWillie007 - You sound like a prime candidate to need GREAT insurance. You sound like you have a lot to lose. That is a reason to get better insurance, not worse.

Most people have no f*cking clue what their insurance covers until I have to tell them. And then they get pissed at me and ask me why they buy insurance lol

[BWillie]

So what is the lowest interest rate anybody has on a credit card in here?

[DaneMcCloud]

California allows people to only carry 5K PD, I think bodily injury is like 15K or something ridiculous like that. That state is retarded.

Uh, not it's not.

There are more than 40 million people in this state, with highly diverse incomes.

At least the minimums are something, which is better than nothing.

[DaneMcCloud]

95% of all accidents you can mitigate if you are a really good driver.

Bullshit.

Maybe that's a possibility where YOU live but in many metro areas, it's not.

How many times have you been stuck in a parking lot on a freeway? How many times have you been in a city with NO left turn signals? How often do you drive in other states?

Your response is very naive.

[BWillie]

Bullshit.

Maybe that's a possibility where YOU live but in many metro areas, it's not.

How many times have you been stuck in a parking lot on a freeway? How many times have you been in a city with NO left turn signals? How often do you drive in other states?

Your response is very naive.

Well, I was not taking into account rear-ending accidents and parked car accidents, but those usually aren't the accidents people are catastrophically injured in anyways.

But I've never been outside of my street here in Olathe, Kansas. Say Dane, is everybody still digging for gold in California?

[Mastashake]

Bullshit.

Maybe that's a possibility where YOU live but in many metro areas, it's not.

How many times have you been stuck in a parking lot on a freeway? How many times have you been in a city with NO left turn signals? How often do you drive in other states?

Your response is very naive.

You say you live in Hollywood, but I am very uninformed about life out there, yet it intrigues me. I watch Entourage, and that's the extent of my Hollywood knowledge (hate the tabloids).

If you don't mind I want to ask you what Hollywood is like in general. Is it as cool as they make it out to be, just a place, or actually a negative environment? Is it all about who knows you, or can you just make it on your own?

Sorry for all the questions, but I don't get to meet people who live out in the Hollywood area, so you're really the only person I know. If you don't want to answer, I understand.

[Jenson71]

You say you live in Hollywood, but I am very uninformed about life out there, yet it intrigues me. I watch Entourage, and that's the extent of my Hollywood knowledge (hate the tabloids).

If you don't mind I want to ask you what Hollywood is like in general. Is it as cool as they make it out to be, just a place, or actually a negative environment? Is it all about who knows you, or can you just make it on your own?

Sorry for all the questions, but I don't get to meet people who live out in the Hollywood area, so you're really the only person I know. If you don't want to answer, I understand.

Hello, I am Dane's publicist. I can attempt to answer your questions for you. If you would please send them in a PDF file to me through PM, and $15 through a paypal account, my office will have them to you in a timely manner. Because it is Dane, we are, of course, very busy, so please expect a wait of around 8-10 days. Fans all over the world ask questions about Dane's life everyday, so we have to get interns from UCLA every semester just to keep up! Furthermore, we only ask that you not speak to Dane again unless you use his formal title, Sir Dane McCloud I, when you address him. Thank you!

[SenselessChiefsFan]

Business owners need CC, too. The idea of "don't spend it unless you've got it" is Depression Era thinking.

It's extremely important to be fiscally responsible but if you know the money is coming in, it's silly to act as if it isn't.

Here's the reality. You don't ever "know" it's coming in, until you have it. I own my own business, and I have had clients go out of business. I have had a business partner not follow through. I have had real estate deals fall through at the last minute because the lender went of business.

The point is, that you never 'know' for sure that it is coming in, especially if you own your own business.

But, even if not, you don't know for sure that you will have a job next week.

If I had it to do all over, I would have never had any debt other than a 15 year mortgage. I am getting myself to that point now. And, then, instead of paying my debt, I will be investing that money and in 10 years, I will make more money off my investments than I make actually working, and I make over 100K.

[Pioli Zombie]

Those things are bad. I only used them for prostitutes, gambling, airline tickets,and prostitutes and I still managed to rack up a huge amount of debt.
Posted via Mobile Device

[007]

ZERO
We have two that we pay the balance in full on every month.

[wazu]

If you have credit card debt, all I can say is find a way to stop. Now. Promise yourself you will never charge a single purchase again for the rest of your life, and never look back.

Here are the baby steps: http://www.daveramsey.com/new/baby-steps (http://www.daveramsey.com/new/baby-steps/)

[El Jefe]

Couple of grand from my semester in New York. I might detassel this summer and that should take care of it. I never use a CC anymore.

Been there done that, that sucks.

[El Jefe]

Bullshit.

Maybe that's a possibility where YOU live but in many metro areas, it's not.

How many times have you been stuck in a parking lot on a freeway? How many times have you been in a city with NO left turn signals? How often do you drive in other states?

Your response is very naive.

THIS.

[El Jefe]

So what is the lowest interest rate anybody has on a credit card in here?

I have never used my CC's for a major purchase, one has a 22% rate, and the other is 24%. I have spotless credit, never missed a payment, I just got a notice from PNC, my cards will be going up to 29%, that is just wrong. Fortunately I have never carried a payment over to another month so I have never had to pay that interest, I feel bad for those that do though.

[TrebMaxx]

I have never used my CC's for a major purchase, one has a 22% rate, and the other is 24%. I have spotless credit, never missed a payment, I just got a notice from PNC, my cards will be going up to 29%, that is just wrong. Fortunately I have never carried a payment over to another month so I have never had to pay that interest, I feel bad for those that do though.

I would shop around for a better rate. Try a Credit Union. 29% is a B.S. rate for a CC. Mine, I have 2, one is 11% and the other is 9% <---Visa through a C.U.

[El Jefe]

I would shop around for a better rate. Try a Credit Union. 29% is a B.S. rate for a CC. Mine, I have 2, one is 11% and the other is 9% <---Visa through a C.U.

I really need to do that, my question is: If I am able to find something better, should I cancel my other cards from PNC, I heard cancelling a card hurts your credit score?

[Lonewolf Ed]

I have been paying mine off every month for about 2 years now. It makes such a difference not having to pay the interest rate they charge! If only my savings account gave me half as much interest, but that is another story. I will be going to Denmark in May and using a credit card to pay for my hotel, otherwise I'd have to exchange way too much at the bank. Before I leave to go over there, I will pay several hundred dollars more than I owe, so at least for a week or two, the credit card co. will owe me money! I know that really doesn't matter, but it makes me feel good.

[Bugeater]

Been there done that, that sucks.
Worst. Job. Ever.

[TrebMaxx]

I really need to do that, my question is: If I am able to find something better, should I cancel my other cards from PNC, I heard cancelling a card hurts your credit score?

Just quit using the old high interest cards.

[Inspector]

We don't do credit. I hate filling out forms.

Although, like Dane pointed out, there are times when it's needed.

[Garcia Bronco]

Zero. Credit Cards, and sorry for insulting people, are for stupid people. I used to be one of them. Now I am not. Totally debt free and loving it everyday.

[Garcia Bronco]

We don't do credit. I hate filling out forms.

Although, like Dane pointed out, there are times when it's needed.

I can't think of one time when it's "needed" other than instant gratification for thing you aren't able to afford at the time.

[Garcia Bronco]

0 CC debt I use a cc for practically every purchase made and pay the entire amount off each month
0 house debt
0 car debt
0 debt

To be clear I do have house debt, but that's "good" debt.

[Garcia Bronco]

No credit card debt.

Student loans...that's another story altogether.

I believe interest paid on SL's are tax deductable.

[Garcia Bronco]

ROFL ROFL ROFL

People in credit card debt. Don't understand.

Do not buy shit you can't afford. Simple. Done. You want to go to France but can't afford it? Don't go, get a second job, or save up. Only way I will somewhat understand is if it was for medical bills. Otherwise, you have no excuse but yourself.


This

[Garcia Bronco]

Business owners need CC, too. The idea of "don't spend it unless you've got it" is Depression Era thinking.


It's actually smart thinking. Investments are a different subject. Finanacing cigerettes and diapers isn't an investment in the proper sense.

[Garcia Bronco]

Do you not know the difference between collision coverage and liability insurance? I think you just misread :)

If you are so inclined though, I think you can get some sort of bond that proves you have enough assets and financial responsibility to act as your liability insurance. I don't know why you would want to do that though, sounds like a pain in the ass. Liability is cheap.

Exactly. Most states require that you have medical liabilty before they will issue you a DLic.

[DaneMcCloud]

Here's the reality. You don't ever "know" it's coming in, until you have it.

You misunderstood me: I'm not advocating that people spend irresponsibly. I'm stating that credit cards aren't "evil" and have quite a few advantages over cash.

We have both Starwood and Hilton Amex cards. We haven't paid for a hotel in a decade (I listed the destinations earlier). We have a Southwest Visa and while it doesn't get used much, we have the occasional free flight. There are programs like Rewards Network where we receive up to 20% off of food and drink (and in the past, the rewards have been as high as 50%). There are several programs out there that can be beneficial to a credit card user.

If you're living day to day, then a credit card isn't for you. But if you have a stable career, a credit card can have many, many advantages over cash.

[DaneMcCloud]

It's actually smart thinking. Investments are a different subject. Finanacing cigerettes and diapers isn't an investment in the proper sense.

Well, I disagree.

We put every aspect of our lives on our Amex cards and have done so for more than 10 years. They're paid off every month so there's no interest. In return, we have had millions of Starwood points, along with many other advantages.

Again, I'm not advocating people spend beyond their means, just that there's nothing wrong with using a credit card, especially if it's paid in full each month.

[DaneMcCloud]

Exactly. Most states require that you have medical liabilty before they will issue you a DLic.

States can require anything they want. That doesn't mean that the citizens will comply. There are millions upon millions of illegal immigrants in this country driving illegally that have no insurance.

It's my opinion that you should be insured as much as possible or as much as you can afford.

[Mastashake]

Hello, I am Dane's publicist. I can attempt to answer your questions for you. If you would please send them in a PDF file to me through PM, and $15 through a paypal account, my office will have them to you in a timely manner. Because it is Dane, we are, of course, very busy, so please expect a wait of around 8-10 days. Fans all over the world ask questions about Dane's life everyday, so we have to get interns from UCLA every semester just to keep up! Furthermore, we only ask that you not speak to Dane again unless you use his formal title, Sir Dane McCloud I, when you address him. Thank you!

LOL. I knew he wouldn't answer, but I asked anyway. His personality on here is rude and argumentative, and actually complying with someone doesn't fit his character at all. Personally I think his internet personality kind of answers my question. It seems like to me, in my uneducated opinion, he uses this place as some sort of passive-aggressive relief from everyday stress. There's not a doubt in my mind it gave him satisfaction to not reply. But either way I don't really see many people needing to get rid of so much bitterness without having a source causing it. This leads me to believe his life is indeed stressful and difficult.

[DaneMcCloud]

LOL. I knew he wouldn't answer, but I asked anyway. His personality on here is rude and argumentative, and actually complying with someone doesn't fit his character at all. Personally I think his internet personality kind of answers my question. It seems like to me, in my uneducated opinion, he uses this place as some sort of passive-aggressive relief from everyday stress. There's not a doubt in my mind it gave him satisfaction to not reply. But either way I don't really see many people needing to get rid of so much bitterness without having a source causing it. This leads me to believe his life is indeed stressful and difficult.

First off, you don't know a fucking thing about me, Jackass.

Secondly, your question is COMPLETELY off-topic and I chose NOT to derail the thread.

Third, I've had an extremely busy day (and if you look, I haven't posted this this morning).

So in closing, go fuck yourself.

[Sure-Oz]

My major debt is my car, i have a nebraska bill that is small and another minor school loan that is under 2k now

[Pioli Zombie]

Don't give the prostitute your credit card. Get cash advances and give her the cash. Then use the credit card to take her out to a restaurant after.
Posted via Mobile Device

[RockChalk]

0 debt in 3 months after my truck is paid off. I have 1 credit card for almost all of my purchases, but I pay that off monthly.

[RockChalk]

Has anyone on here ever used any of the free credit report sites that are online? Are any of them trustworthy/reliable?

If not, is there a good way to get a credit report from a reputable source?

[Sure-Oz]

Has anyone on here ever used any of the free credit report sites that are online? Are any of them trustworthy/reliable?

If not, is there a good way to get a credit report from a reputable source?

https://www.annualcreditreport.com/cra/index.jsp

You can get a free credit report once a year from here and they dont have any bs shit they charge your credit card like some other companies. When i was working at the credit union this is the link we gave to members if they asked. Those others have hidden charges and shit.

[Earthling]

My total debt atm is prolly about 800 bucks. I always pay it off at then end of each month so will be zero in a week or so...untill next month.

[rockymtnchief]

Cut all my credit cards 10 years ago. Now I only owe $1600 on my Jeep and a little bit on back taxes.

[demonhero]

pay mine off every month, but I have my car payed off and I rent.

[BWillie]

https://www.annualcreditreport.com/cra/index.jsp

You can get a free credit report once a year from here and they dont have any bs shit they charge your credit card like some other companies. When i was working at the credit union this is the link we gave to members if they asked. Those others have hidden charges and shit.

It actually gives you your credit score, or does it just tell you if you have anything negative on your credit report?

[Sure-Oz]

It actually gives you your credit score, or does it just tell you if you have anything negative on your credit report?

I personally have never gotten it but i think its just a detailed report and no score is on it. I assume you can ask one of the 3 credit bureaus for your score, but might cost money. Or if you wish to get a line of credit or any loan in the future the bank or credit union will tell you there what your score is.

[KChiefs1]

Do most people have car loans or do most just pay for it in cash when they buy a vehicle?

[Sure-Oz]

Do most people have car loans or do most just pay for it in cash when they buy a vehicle?

If you can buy in cash that is the best....i currently have a car loan and put $10k up front, but had to since a kid totalled my 2001 honda that was payed off and thats what i got with insurance was 10k. I have a rate that is like 4.5% which is real good. Most people i assume have to get a car loan, usually through the dealer.

[KChiefs1]

I kinda assumed 75-80% of people have a mortgage & likely more than 50% have a car loan.

I hate interest so anytime I can pay something off I just do it eventhough I would have more spendable cash available to me if I didn't.

[Sure-Oz]

I kinda assumed 75-80% of people have a mortgage & likely more than 50% have a car loan.

I hate interest so anytime I can pay something off I just do it eventhough I would have more spendable cash available to me if I didn't.

I look at it as its not my money to spend so pay as much as possible. I double my car payment cause i hate the bill in the first place, esp since it wasnt one i wanted.

[ExtremeChief]

It actually gives you your credit score, or does it just tell you if you have anything negative on your credit report?

It will show your negative and positive reports. It will not give you your overall score but you can get that for 7 bucks IIRC. It gives you a report from all three agencies.

[Norman Einstein]

I use credit cards as a tool. I pay the bill at the end of each month. One time a few years back I had to pay interest, figured it sucked so I haven't let it run past due since.

[HMc]

I find it strange that CP is so skewed towards those who carry no CC debt, only screw victoria's secret catalogue models, wear $500 shirts and drink boutique beer that no one has ever heard of.

[BigRedChief]

I have credit card debt. I've not paid any interest on those credit cards in about 5 years. As soon as the (ususally 1 year) special rates expire I move them to a new card.

It's all in how you use them. A couple of weeks ago I got a new laptop and an external HD, about $1000. Put it on their credit card. I've got 18 months of no interest to pay it off.

The problem with credit cards is that people over extend themselfs or lose their jobs, have some serious health issue etc. My job requires good credit. My lively hood is at stake. Keeps me in line financially.

[BigRedChief]

I find it strange that CP is so skewed towards those who carry no CC debt, only screw victoria's secret catalogue models, wear $500 shirts and drink boutique beer that no one has ever heard of.
We are a special lot.:LOL:

[The Bad Guy]

0.0 dollars

[KC Jones]

I find it strange that CP is so skewed towards those who carry no CC debt, only screw victoria's secret catalogue models, wear $500 shirts and drink boutique beer that no one has ever heard of.

Self Selection is a poor form of conducting a survey. How many people want to chime in and say, "Yes, I'm a tool and have buried myself in debt by living beyond my means".

That said, I have no CC debt, routinely deny super models who throw themselves at me because I'm a perfect husband, have children with super star athletic potential and IQ's > 150, a perfect marriage to an amazing woman, and drink boutique beers. I'll leave the $500 shirts for the metrosexuals on the board.

:D

[KCUnited]

Back in the day (10 years ago) I applied for a couple cc's and cut them up as soon as they arrived in the mail. They still show on my credit report as in good standing with no missed payments.

[pr_capone]

We currently have about 3k in CC debt. That should be paid off in a month or two though.

Then its gonna be time to go back in debt so I can get our driveway fixed. Yipee!!!

[BigRedChief]

Back in the day (10 years ago) I applied for a couple cc's and cut them up as soon as they arrived in the mail. They still show on my credit report as in good standing with no missed payments.Thats what people don't understand. It's your credit card debt to credit card balance available that reflects your credit rating. They don't care how much debt you have as long as you pay the monthly balance and your debt/available credit % is at some %. I think its like 40%?

[KCUnited]

Thats what people don't understand. It's your credit card debt to credit card balance available that reflects your credit rating. They don't care how much debt you have as long as you pay the monthly balance and your debt/available credit % is at some %. I think its like 40%?
Yea, I keep a card for rentals/hotels and another one I purchase just about everything else on that I keep around 30-40%.

[gblowfish]

Zero. I pay off any credit card in 30 days.