credit card debt

pc gamers spend alot on their pc's..and some of us are compulsive game buyers...are any of u in credit card debt????by how much???? i myself owe around 400$ in credit card debt...would u consider that alot?

Why do you ask??????????

When i get a credit card i will just buy one cheap thing, pay it off and throw the card in some remote crack in my house. Perfect credit score.

When i get a credit card i will just buy one cheap thing, pay it off and throw the card in some remote crack in my house. Perfect credit score.

Guiltfeeder566

Doesn't work that way. 

[QUOTE="Guiltfeeder566"]

When i get a credit card i will just buy one cheap thing, pay it off and throw the card in some remote crack in my house. Perfect credit score.

Shu76

Thers a lot more to it than that. So be careful cause your credit will bite you in the ass. 

Doesn't work that way.

I owe $6000NapsterX

oh wow

400 dollars ain't s*** try 15000 retic666

why do u owe 15k?!?!

o_o thats what i wanna know

pc gamers spend alot on their pc's..and some of us are compulsive game buyers...are any of u in credit card debt????by how much???? i myself owe around 400$ in credit card debt...would u consider that alot?

trey555555

no, i used to owe 2900 bucks, i'm down to about 1500 now...

I can't over spend on my card. It's only a debit card though :PSolidSnake35

It's not alot as long as you can afford the payments. 

It's a good thing to have a credit card that you use regularly so that you can build up your credit.  It doesn't matter if you have an absolutely perfect score, if you go in to get a loan for a vehicle or a house and they don't see some recent, regular credit activity, you won't be getting any loans.

I've never been in debt in my life.

I don't understand how people are ok with the concept of spending money they don't actually have?!

400 dollars ain't s*** try 15000 retic666

If that's really your debt amount, I'm really sorry. 

well would it be considered debt if u do have the money for it, but rather pay more than the minimum payment?trey555555

Borrowed money is debt, period.  What you are describing would be better described by surplus or deficit... and yes, if you make more money than you spend, that's a surplus.

I've never been in debt in my life.

I don't understand how people are ok with the concept of spending money they don't actually have?!

Kalel559

Most people would rather not wait the 5-10 years it would take to buy a house and vehicle with cash while living in their parents house.  At least, I don't want to. 

my credit card debt is zero, and I'd say 400 is not alot especially since you're going to pay it off quite soon.  Pretty much as long as you have the money to pay your bill off in a month or 2 CC debt is never that bad.  It's when you over spend that it gets ugly.

I do owe something like 16k in student loans which considering my schooling, and what my peers owe it's nothing.

i own a credit card but i have always paid my bill on time. i only spend money that i have. i want to try and keep my credit score as high as possible for when i move out on my own.zackattack784

see this is the same reason im using my credit card....i wanna get a good score so i wont have trouble after i move out...or if i want to buy a house....better score, the better the interest rates....i feel sorry for the people who dont have any credit score.....youll eventually will need it for a loan incase of an emergency.....

[QUOTE="Kalel559"]

I've never been in debt in my life.

I don't understand how people are ok with the concept of spending money they don't actually have?!

guynamedbilly

Most people would rather not wait the 5-10 years it would take to buy a house and vehicle with cash while living in their parents house. At least, I don't want to.

Even then, with the car and other "large" purchases, you don't need all the cash up front and why start something you don't know if you'll be able to finish. By the way, you make payments on cars and houses and that can be done with money you already have.

Has anyone taken a good look at where America is at in terms of credit card debt?!

Thing is, unless you have credit history(doesn't have to be alot, just buy gas on credit and pay it all off at the end of the month) when you do go to get a large loan for a house, the only way they will loan you the money is with an extremely high interest rate(doesn't matter what your income is) locked in at that rate for two to three years and you can refinance after that.  But if you have a good score and decent credit history, you can get a loan with a much cheaper fixed interest rate and won't be locked in with a lousy rate at all.

It would work out the same when trying to get a car, except it would be even harder because automobiles are much riskier investments than housing. 

I've had experience with mortgage brokerage and trust me, if someone doesn't have a credit history, unless they have alot of assets, they won't be getting a loan. 

I have zero credit card debt, but I suspect (sadly) that I'm severly in the minority. Credit card corps are pretty scummy. Did you know that if you owe $100 and pay off $99 they STILL charge you the FULL interest on the $100?!?!?! That's not fair.fynne

That's not very common.  I'd look for another card if your card is doing that to you.  Read the lender/lendee agreement. 

Going back the the whole credit history thing. I heard that awhile ago so I decided to get one, Chase with rewards. But now I hear the conventional wisdom is that there's plenty of other ways to create a good credit score by doing simple things that are usually routine. Kinda like the whole "pay the gas with it." Anyways, I really think it's just a lot of hype.

The biggest problem is the credit card companies aren't regulated by the government because they already bought off the government. That's the sad truth. 

I have a credit card and always make sure it's paid up. Nothing is sillier than paying for the privilege of having spent money you didn't have as far as I'm concerned, and that's all interest is.

If you can't handle yourself financially, you should close your credit card account, or make it inaccessible to you (giving the card to your parents, for instance). Debt can really ruin a person. But the better thing to do would be to start planning your finances and learn to stick to a realistic budget.

$400 isn't a lot, but you'd better nip this in the bud.