How much credit card debt do you have??
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How much credit card debt do you have??
| Thu, 06-23-2005 - 12:52pm |
Hello all~
Dont feel obligated to answer.
| Thu, 06-23-2005 - 12:52pm |
Hello all~
Dont feel obligated to answer.
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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.
"Oooops. Oh, it only it were so that I had $11,000 to pay towards bills every month."
Becky
CL of 4th, 5th & 6th grade Scoliosis
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.
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
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
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