View Poll Results: How much money do you owe in your life?
$4000-$8000 -- I have the "normal" U.S. national average in regards to overall debt
5.36%
Voters: 56. You may not vote on this poll
How much debt do you have?
04-15-2008, 11:50 PM
#1
Senior Member
True Car Nut
Thread Starter
How much debt do you have?
Excluding your house if you own one.
I'm talking anything debt wise except a mortgage.
- Medical Bills
- Credit Card Bills
- Collection Agency Bills
- Car Loan (what you owe)
- School Loan Payment
- etc
I'm talking anything debt wise except a mortgage.
- Medical Bills
- Credit Card Bills
- Collection Agency Bills
- Car Loan (what you owe)
- School Loan Payment
- etc
04-15-2008, 11:52 PM
#3
Junior Member
Join Date: Aug 2002
Posts: 0
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I am very thankful that I was able to pay for all of my college tuition and fees out of pocket while I was attending to get my associates degree. That being said, my only debt right now is the Cadillac and I owe $15,800 on it. I really can't complain because it'* the ONLY debt I have currently.
EDIT: I think your poll is off. Average debt is way higher than that! I've heard statistics stating that the average debt for credit cards alone in the USA is $10,000. Combined debt is way higher than 10,000 average, that I know for a fact.
EDIT 2: Not to be a pain but here'* some reading for everyone.
http://moneycentral.msn.com/content/...ebt/P70581.asp
EDIT: I think your poll is off. Average debt is way higher than that! I've heard statistics stating that the average debt for credit cards alone in the USA is $10,000. Combined debt is way higher than 10,000 average, that I know for a fact.
EDIT 2: Not to be a pain but here'* some reading for everyone.
http://moneycentral.msn.com/content/...ebt/P70581.asp
Consumers owe nearly $2 trillion
American consumers owed a grand total of $1.9773 trillion in October 2003, according to the latest statistics on consumer credit from the Federal Reserve. Thats about $18,654 per household, a figure that doesnt include mortgage debt. The number is up more than 41% from the $1.3999 trillion consumers owed in 1998.
American consumers owed a grand total of $1.9773 trillion in October 2003, according to the latest statistics on consumer credit from the Federal Reserve. Thats about $18,654 per household, a figure that doesnt include mortgage debt. The number is up more than 41% from the $1.3999 trillion consumers owed in 1998.
04-16-2008, 12:15 AM
#6
Senior Member
Certified Car Nut
I'm between 10 and 15 just on the remainder of my car... I don't consider that high AT ALL... Most new car loans are over 20k with the avg (read: small) down payments most ppl put down. I did 5k down on a 21k + interest vehicle. There'* money stashed away where I could pay it off, but I would be severely hurting a future house down payment, and/or retirement stuff i've got going, so I consider that money GONE for now.
My credit cards aren't used to float anything really. I might put a new bike on my big one for a month or two, but nothing major either way..
Both of these are because I don't ever stretch myself financially for something, could I have gone bigger, faster, etc in a car? Sure, but is getting an STI or Solstice GXP worth eating Ramen, living in a cheaper apt, no renters insurance, no new toys, etc? No... I'll "deal" with my GTI @ 325/mo and live comfortably otherwise..
Because turbo'* and DSG trannies are so hard to deal with...
My credit cards aren't used to float anything really. I might put a new bike on my big one for a month or two, but nothing major either way..
Both of these are because I don't ever stretch myself financially for something, could I have gone bigger, faster, etc in a car? Sure, but is getting an STI or Solstice GXP worth eating Ramen, living in a cheaper apt, no renters insurance, no new toys, etc? No... I'll "deal" with my GTI @ 325/mo and live comfortably otherwise..
Because turbo'* and DSG trannies are so hard to deal with...
