How much debt do you have? - Page 2 - GM Forum - Buick, Cadillac, Chev, Olds, GMC & Pontiac chat


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View Poll Results: How much money do you owe in your life?
$0 -- I have EVERYTHING including car, credit card, etc PAID OFF 15 26.79%
$1-$500 debt -- I have modest debt but nothing serious 7 12.50%
$500-$2000 -- I have minimal debt by todays standards but owe a good chunk 3 5.36%
$2000-$4000 -- I have a good amount of debt to pay off 7 12.50%
$4000-$8000 -- I have the "normal" U.S. national average in regards to overall debt 3 5.36%
$8000-$14000 -- I have a little larger than normal debt load 6 10.71%
$15,000-$25,000 -- I have a fairly high amount of debt that needs to be paid off 7 12.50%
$25,000+ -- I'm f**ked for life 4 7.14%
$25,000+ -- I make at least $50,000 a year so paying this off is no biggie 4 7.14%
Voters: 56. You may not vote on this poll

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Old 04-16-2008, 01:42 AM   #11
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$0 right now... but come summer....$30K+
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Old 04-16-2008, 01:44 AM   #12
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I barely fall into the 2-4k category, but with Friday'* loan payment it'll drop me down under 2k.
I owe 15xx on the SSEi, and a personal loan for $625 (left out of $1200 before Christmas).
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Old 04-16-2008, 01:45 AM   #13
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About 12k on cards, over 60 in student loans(When at first you fail out of your physics program, don't try again), no car loans or any other debt.
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Old 04-16-2008, 02:24 AM   #14
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mmm, well, about $800 on my card which will be the first thing i pay off when i start working this summer.

but then i have $16k in student loans so far, but those dont count yet since i dont have to pay them till im done
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Old 04-16-2008, 03:00 AM   #15
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I have a card. Debt<500
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Old 04-16-2008, 10:39 AM   #16
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Our Firehawk and Sonoma is our debt (other than real estate). $4500 is left between the two notes. I'd pay them off early, but the interest rates are so low, it'* like renting their money for free (3.9% on the Firehawk and 5% on the Sonoma). They'll both be done within the year, though.
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Old 04-16-2008, 10:55 AM   #17
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$395 on Credit Card.
Mortgage paid off.
No car payments.
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Old 04-16-2008, 11:02 AM   #18
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Enough....

However, my assets > my debts so it really doesn't matter. If I had to liquidate, I could easily cover my debts.

I carry a bit of a balance on my credit card, but my only true debt is a line of credit with about 10-15K owed. I owe money on my car, but I got it for a decent price so what I owe is pretty close to what I could get for it, hence not a huge debt.
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Old 04-16-2008, 11:06 AM   #19
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Can't remember the last time I had any debt but then again that may be the reason why I'm trying to get a 11 year old car on the road when you puppies are driving newer models.

I'm jealous.
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Old 04-16-2008, 11:18 AM   #20
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the only debt i have is my car. i still have 19,000 to go.
credit cards get paid off as soon as i get the bill or before

but the good news is that ill have the car paid off before the 5 years is up for sure.
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