Same. I haven't paid a dime in credit card interest in more than 20 years.

May 20, 2024
6:37:59pm

VACOUGFAN All-American

But I use my credit cards religiously. Just pay the statement balance each month. Helps to have YNAB as well since that makes paying the credit card in full Easy squeazy.

Report problem with this ad

VACOUGFAN

Bio page: VACOUGFAN
Joined: Sep 5, 2001
Last login: Oct 23, 2024
Total posts: 63,131 (19,722 FO)

Report problem with this ad

Messages

Author

Time

Does anyone you know have between $100000 and $200000 in credit card debt?

Peanut

May 20, 5:14pm

I'm living the high life because I don't waste any of my money on credit card payments

Indy Coug

May 20, 5:16pm

Unfortunately yes.

rad dawg

May 20, 5:20pm

Just live in the moment. Don't worry about tomorrow.

Zerigke Ally Zerigke

May 20, 5:20pm

That would stress me out to the point I couldn’t sleep. BUT I guess life is

macdizzle

May 20, 5:21pm

The anxiety would paralyze me

DiamondMo

May 20, 5:59pm

Not that I know of. And I would be FREAKING out if that were me.

justAnotherCoug

May 20, 5:22pm

Just file BK. It’s all dischargeable debt

kansascougar

May 20, 5:31pm

RE: Just file BK. It’s all dischargeable debt

Eddie

May 20, 5:42pm

That is very dishonest of they got into

Jdoc

May 20, 5:43pm

RE: That is very dishonest of they got into

kansascougar

May 20, 6:07pm

My adopted daughter

Doctor Rosenrosen

May 20, 5:23pm

I don't think I've ever had a month where I didn't pay my credit card off in full.

jacobugath

May 20, 5:23pm

It's been several decades and the month we carried a balance it was a mistake

Born2Fish

May 20, 6:06pm

RE: Does anyone you know have between $100000 and $200000 in credit card debt?

Hawk Talons

May 20, 5:24pm

Does it count if I fully pay it off every month?

Scratch

May 20, 5:24pm

Nice flex. Paying off $150k to $200k per month!

Hawk Talons

May 20, 5:26pm

His baseline was 100K, not 150K. Let's not get crazy here.

Scratch

May 20, 5:30pm

I know a Family Medicine doctor who graduated residency with $1 million debt

Zoobieman

May 20, 5:27pm

Several decades ago my brother worked in debt consolidation. This story was all

DwigtA2RM

May 20, 5:37pm

That person has some serious problems.

EDthoracotomy

May 20, 6:29pm

she could get school debt forgiven relatively easily.

EDthoracotomy

May 20, 6:31pm

Sounds terrible, might not be too bad if mortgage is vast majority of the debt

haYnCoug

May 21, 2:08pm

The minimum monthly payment on that would wreck me

fattycoug

May 20, 5:28pm

Seems like the long-term plan here must be to declare bankruptcy?

cougarmeister

May 20, 5:29pm

I don't think I would even know how to spend that much.

yorksama

May 20, 5:30pm

A trip on the card, an extra thousand or two this month or that.

DubuMfalme

May 20, 5:40pm

There's an odd phenomenon where banks give more to those who make them money.

Art Director

May 20, 5:30pm

Some card companies seem more like drug dealers than financial institutions

MarylandFan

May 20, 5:38pm

At that point it’s the credit card companies fault if the person defaults and

bluecougar1985

May 20, 5:33pm

I have a client with just over 100k

dratax

May 20, 5:36pm

RE: Does anyone you know have between $100000 and $200000 in credit card debt?

Pepe Silvia

May 20, 5:45pm

Yes sir

TNT

May 20, 6:06pm

Yea but just for the points

CougarCanuck76

May 20, 6:06pm

I use credit cards almost exclusively but pay them off every month.

RenoCoug

May 20, 6:08pm

Same. I haven't paid a dime in credit card interest in more than 20 years.

VACOUGFAN

May 20, 6:37pm

Literally the worst kind of debt one could have hanging around their necks.

VACOUGFAN

May 20, 6:35pm

At a certain point, it's more on the CC company than on the individual.

OPINIONS

May 20, 10:36pm

My wife and I are always astounded at the cars and toys people have. We make

4thand19

May 20, 11:02pm

Ditto. We are not sure how people can have the nicest newest cars, boats, etc.

DwigtA2RM

May 21, 9:12am

Trust funds? Dual income with no children? Frugal 20's and 30's?

Zoobieman

May 21, 10:02am

Finance everything. Even the tires

EDthoracotomy

May 21, 10:50am

It's not that hard, crazy, or confusing

justAnotherCoug

May 21, 12:17pm

I think the point is that way more than 4% of the population is living this way.

rad dawg

May 21, 12:31pm

It's true. I didn't account for someone being house poor.

justAnotherCoug

May 21, 1:12pm

I know the credit card balances of zero people outside my home. So… maybe?

russkiejedi

May 21, 10:07am

We all do. Our share of national debt is approaching $100,000 per person.

Posting on CougarBoard