How deep in debt are you!? - Page 7

OneSickPsycho · 12-01-2009, 09:13 AM

Not sure how to calculate a leased vehicle in this thing, but I'm sitting on about $36k in student loans... Worst part is.. I've paid off about that much already...

Cruzergirl · 12-01-2009, 09:20 AM

Quote:

Originally Posted by drewpy

im planning on signing up with the navy or coast guard when i graduate from my masters program, that should shore up any left over undergradute debate...

*cough..Coast Guard...cough*

I've got some debt...I just couldn't resist the new motorcycle.

...that and the CC debt from helping the SO finish his house.

goof2 · 12-01-2009, 10:18 AM

Without student loans I am debt free. With student loans I owe A LOT.

shmike · 12-01-2009, 10:41 AM

Quote:

Originally Posted by Papa_Complex

What, no category for people who have a positive liquid worth?

Why?

It is a debt thread.

A number of the responses here indicate a positive worth but that doesn't necessarily mean debt free.

Papa_Complex · 12-01-2009, 10:43 AM

Quote:

Originally Posted by shmike

Why?

It is a debt thread.

A number of the responses here indicate a positive worth but that doesn't necessarily mean debt free.

In my case it does. I'm not carrying any debt and my credit card gets paid off at the end of every month, if not before.

shmike · 12-01-2009, 10:59 AM

Quote:

Originally Posted by Papa_Complex

In my case it does. I'm not carrying any debt and my credit card gets paid off at the end of every month, if not before.

Congrats.

You would check the $0 -$5k option.

I prefer Colgate to Crest.

z06boy · 12-01-2009, 11:09 AM

I've got some debt but nothing that selling the Vette wouldn't take care of in a pinch other than the two mortgages. We have two mortgages because we also own a Townhome that we lease out.

Particle Man · 12-01-2009, 11:11 AM

Quote:

Originally Posted by OneSickPsycho

Not sure how to calculate a leased vehicle in this thing, but I'm sitting on about $36k in student loans... Worst part is.. I've paid off about that much already...

same here man, same here.

Cutty72 · 12-01-2009, 12:52 PM

Quote:

Originally Posted by Papa_Complex

What, no category for people who have a positive liquid worth?

liquid worth i'd be positive. I could pay off what I owe (besides the morgatge) with money in savings... but I like having a cushion.

Rider · 12-01-2009, 01:01 PM

For those with little or no debt but you want to keep that 800 beacon score, you'll want to keep a small balance on a couple of cards. For example get a couple of 5.9% or 6.9% fixed rate cards with high limits, charge say 60$ on each card, when the bill comes pay $50 and keep a $10 balance, next month charge $50 and pay $50 when the bill comes. The amount of interest you pay to keep a $10 balance on each card is nothing but the the benefit to your credit score in invaluable. That is, if you ever need to use it. If you never plan on using credit and you don't care about your credit score then disregard.

View Poll Results: How much?
0-5k	20	27.03%
5k-10k	10	13.51%
10k-20k	11	14.86%
20k-30k	11	14.86%
30k-50k	12	16.22%
50k-75k	5	6.76%
75k-100k	1	1.35%
100k-150k	3	4.05%
150k+	1	1.35%
Voters: 74. You may not vote on this poll

12-01-2009, 09:13 AM	#61
OneSickPsycho Ride Like an Asshole Join Date: Feb 2008 Moto: nothing... Posts: 11,254	Not sure how to calculate a leased vehicle in this thing, but I'm sitting on about $36k in student loans... Worst part is.. I've paid off about that much already...

12-01-2009, 10:18 AM	#63
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	Without student loans I am debt free. With student loans I owe A LOT.

12-01-2009, 11:09 AM	#67
z06boy Letzroll Join Date: Feb 2008 Location: Lake Norman area, NC Moto: 07 Red R1 & 07 Blue R6 Posts: 5,265	I've got some debt but nothing that selling the Vette wouldn't take care of in a pinch other than the two mortgages. We have two mortgages because we also own a Townhome that we lease out.

12-01-2009, 01:01 PM	#70
Rider Moto GP Star Join Date: Feb 2008 Posts: 12,156	For those with little or no debt but you want to keep that 800 beacon score, you'll want to keep a small balance on a couple of cards. For example get a couple of 5.9% or 6.9% fixed rate cards with high limits, charge say 60$ on each card, when the bill comes pay $50 and keep a $10 balance, next month charge $50 and pay $50 when the bill comes. The amount of interest you pay to keep a $10 balance on each card is nothing but the the benefit to your credit score in invaluable. That is, if you ever need to use it. If you never plan on using credit and you don't care about your credit score then disregard.