How much credit card debt do you have??

iVillage Member
Registered: 02-24-2005
How much credit card debt do you have??
26
Thu, 06-23-2005 - 12:52pm

Hello all~


Dont feel obligated to answer.

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iVillage Member
Registered: 03-27-2003
Fri, 06-24-2005 - 8:02am

Just wanted to say that when dh and I started repaying on our $32k+ debt, dh was making $28,000/yr, and I took a night job waiting tables, where I made, on average, $12-$13/hr and worked about twenty hours a week.

So $70k a year seems like plenty to me. :) You should do fine.

Avatar for cl_beckymk
iVillage Member
Registered: 03-19-2003
Fri, 06-24-2005 - 8:47am

"Oooops. Oh, it only it were so that I had $11,000 to pay towards bills every month."


iVillage Member
Registered: 07-11-2001
Fri, 06-24-2005 - 12:03pm

At the moment, thanks to my recent refi I just pretty much paid off my CC debt.
$45 on one card due to monthly gym fees coming out of that account.
$4.45 to another CC - Chase. The $4.45 were the fees that hadn't showed when I paid the card off last month. They always get you!

This is the 2nd time this year I paid both of those cards off. I have locked them away, and don't think of using them unless it's an absolute emergency. My credit rating is improving and I should be able to lower the interest rate on one. Chase just put my rate at 21.99% - typical - reason given my balances were too high on my cards. Well, I am considering closing Chase for good, but hear all the time you don't want to do that. So I feel stuck with a card at a ridiculous rate when in fact my credit is good.

Avatar for colomom99
iVillage Member
Registered: 03-28-2003
Fri, 06-24-2005 - 1:01pm

Gotta love that Chase, huh?

They just raised my interest from 0 to 10.9 percent because they said I was one day late with a payment in May. I checked and sent it more than a week before it was due. I just transferred a $5K balance from a GM card for raising its rate from 0 percent to 15 percent and they also LOWERED my credit limit from something like 15K to $20 over existing balance. They, too, said it was I had too many credit card balances and I wasn't paying enough on them. This is patently absurd because I always pay well over the minimum on everything plus I target one bill at a time and pay hundreds a month on that until it is gone.

I haven't decided what to do about Chase. The interest rate isn't TOO terrible but it does bite because that is where my biggest balance (12K) is parked. Aaargh. They simply don not want people to hold onto those low interest rates and will find any and all ways to raise them.
Jenny

iVillage Member
Registered: 06-30-2005
Thu, 06-30-2005 - 1:57pm
Okay, so I am late on posting my reply to this discussion. I have debt in every corner I look. Our personal credit debt load is about $7500. We just rolled what I thought was all of it into a 2nd mort on our house which was about $30,000. So, we are now maxed on our house w/ no equity left. This fact bothers me immensely. We also have a truck loan and a mortgage that equals about $200,000. None of that includes the debt we have associated with the farm operation which our personal farm debt is about $10K right now and our partnership debt is about another $25K. Needless to say, I am completely and totally stressed all the time. Its good to know that all of you are working hard and really making some progress paying down your debt. I hope I can become a member of that club sometime down the road. Not that I'm not working hard at trying to, but seems anytime we start making progress-somethng else pops up I wasn't aware of. Vicous never ending cycle.
iVillage Member
Registered: 03-26-2005
Thu, 06-30-2005 - 4:16pm

Kim,

Don't feel badly about your debt or income. We have a little less than $7,500 in CC debt, a car loan, and a mortgage. Sounds easy to repay until you realize our income is $25,000/year and we have a 6-month-old baby, so my returning to work is not an option right now (I'm working part time where I can take him with, but I can not work full time. . . he's a sickly baby, and can't be in daycare.) Sorry to steal your thread. . . .I was actually just saying you CAN do it. . .we are.

Good luck,

~Denice

Lilypie Baby Pic

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