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How much debt do you have?

Discussion in 'BBS Hangout' started by TexasStake, Jul 8, 2013.

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  1. TexasStake

    TexasStake Member

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    I'm trying to get a good estimate on if my debt balance is too high or not. I don't like including mortgages in this or rent payments...

    My family (me, my wife, and my 3 year old son) have debt of $3,805 credit cards and $15,588 auto loan according to Credit Karma. Credit score of 732 for me.

    Whats your current debt look like?
     
    #1 TexasStake, Jul 8, 2013
  2. Mr. Clutch

    Mr. Clutch Member

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    Zero.
     
    #2 Mr. Clutch, Jul 8, 2013
  3. SwoLy-D

    SwoLy-D Member

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    What about cars you're still paying? Personal info is personal. :eek:

    Still paying two vehicles worth about $50000 in six-year loans... and because of that, the credit card stuff we owe is insignificant.
     
    #3 SwoLy-D, Jul 8, 2013
  4. Hammer755

    Hammer755 Member

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    Other than my house? $0.

    It's a good feeling. My wife and I drive two paid-off used cars and use a single credit card as often as we can, then pay off the balance monthly.
     
    #4 Hammer755, Jul 8, 2013
  5. jae713

    jae713 Member

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    About $12,000. My truck is paid off (easy to pay off a $3k truck), but I still owe on my wife's car.
     
    #5 jae713, Jul 8, 2013
  6. stonegate_archer

    stonegate_archer Member

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    $100,000. $50k in student loan and $50k in car loans.
     
    #6 stonegate_archer, Jul 8, 2013
  7. Haymitch

    Haymitch Custom Title

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    Not counting the amount left to pay off the house, I have about $3,000 in debt. But that will be paid off in October. It's 0% interest so I'm not in a big rush.
     
    #7 Haymitch, Jul 8, 2013
  8. bobrek

    bobrek Politics belong in the D & D

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    What debt has your 3 year old racked up?
     
    #8 bobrek, Jul 8, 2013
  9. wreck

    wreck Member

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    None. I dont live beyond my means.

    Except for the necessities of a car and a place to live.
     
    #9 wreck, Jul 8, 2013
  10. justtxyank

    justtxyank Member

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    0 outside of mortgage.
     
    #10 justtxyank, Jul 8, 2013
  11. TexasStake

    TexasStake Member

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    Well when I posted that I had the thought that I would post my family income along with my total debt to kind of see a income/debt ratio, but after thinking about getting too personal with asking peoples income i decided not to and just left my son in there.
     
    #11 TexasStake, Jul 8, 2013
  12. iJHolmes

    iJHolmes Member

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    50$ on a credit card, about 7k left on my 45k car i got in 2010. Im not doing too bad for 23. Paying my way through college too graduating next year.
     
    #12 iJHolmes, Jul 8, 2013
  13. dragician

    dragician Member

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    250K.
     
    #13 dragician, Jul 8, 2013
  14. bobrek

    bobrek Politics belong in the D & D

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    You also cannot consider debt balance without considering asset balance. For example, we have a car loan at 1.5% interest - perhaps a balance of $15,000 or so. We could pay that off, but why bother? The $15,000 is accumulating much more than 1.5% in interest.
     
    #14 bobrek, Jul 8, 2013
  15. Uprising

    Uprising Member

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    About $15K in School loans.
     
    #15 Uprising, Jul 8, 2013
  16. iJHolmes

    iJHolmes Member

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    wow is that mostly school loans or are you consider house note debt?
     
    #16 iJHolmes, Jul 8, 2013
  17. RedRedemption

    RedRedemption Member

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    I'll have about $25k in student loans when I'm done with college. Hopefully when I have to take out loans next year the student loan interest rate isn't as high as 6.8% (WTF!).
     
    #17 RedRedemption, Jul 8, 2013
  18. ima_drummer2k

    ima_drummer2k Member

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    On August 24th, it will be zero (not including mortgage).

    Can't wait. It's been a long journey.
     
    #18 ima_drummer2k, Jul 8, 2013
  19. VanityHalfBlack

    VanityHalfBlack Member

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    50,000
     
    #19 VanityHalfBlack, Jul 8, 2013
  20. HR Dept

    HR Dept Member

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    $21k Auto Loan, $7k Student Loans, $3k Credit Cards, $600 left on a personal loan.

    If I've ever made a mistake in my life, it was fooling with Credit Cards. I'm paying the REAL cost now.
     
    #20 HR Dept, Jul 8, 2013
    Last edited: Jul 8, 2013
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