Are there people with credit card debt in the high 5 digits and 6 digits?

[TommyVercetti]

If so, how did they get their credit card debt so high?

 

[Rkonster]

By buying lots of things they cannot afford! 😀

 

[PoPPeR]

probably. 25% interest rates will do that to you.

And it happens because they're idiots and don't know how to handle money.

 

[JustAnAverageGuy]

$0 in CC debt here 😀

 

[Nohr]

24 carat gold spinners baybee!

 

[Spencer278]

I think that when you get into 6 digits of debt it is time to file.

 

[Yossarian]

if I were diagnosed with a terminal illness I would definitely max out as many cards as possible.

 

[TallBill]

isn't the average american debt like 12,000?

 

[Yzzim]

Originally posted by: Yossarian
if I were diagnosed with a terminal illness I would definitely max out as many cards as possible.

and that would do what?

 

[upsciLLion]

Originally posted by: JustAnAverageGuy
$0 in CC debt here 😀

 

[eLiu]

Originally posted by: Yzzim

Originally posted by: Yossarian
if I were diagnosed with a terminal illness I would definitely max out as many cards as possible.

and that would do what?

I think he means that if he's going to die, it couldn't hurt to experience some of life's luxuries while he's still around.

 

[monk3y]

I've never even had a credit card... don't plan to either.

 

[Yossarian]

Originally posted by: Yzzim

Originally posted by: Yossarian
if I were diagnosed with a terminal illness I would definitely max out as many cards as possible.

and that would do what?

let me rip off credit card companies and live high on the hog for quite a while 🙂

 

[PoPPeR]

Originally posted by: Yzzim

Originally posted by: Yossarian
if I were diagnosed with a terminal illness I would definitely max out as many cards as possible.

and that would do what?

buy a lot of stuff and let him live the American dream for awhile?

 

[EmperorIQ]

Originally posted by: TallBill
isn't the average american debt like 12,000?

i heard 8000

 

[AreaCode707]

Originally posted by: TommyVercetti
If so, how did they get their credit card debt so high?

Running your own business and having the economy crash will do it into the six digs.

 

[StageLeft]

Originally posted by: HotChic

Originally posted by: TommyVercetti
If so, how did they get their credit card debt so high?

Running your own business and having the economy crash will do it into the six digs.

Yeah that can happen if you start using personal credit to finance it. Risky, but then so is starting a business I guess!

Some do work themselves well into the 10s of thousands simply from consumer spending though.

 

[Crazymofo]

My ex-step-father was in CC debt well over 70k and I don't have a clue how he got there...

 

[Hector13]

Originally posted by: InstincT
I've never even had a credit card... don't plan to either.

if you ask me (which no one did...) that is almost as bad as being in debt. Unless, of course, you are filthy rick and have as much cash as you could ever use on hand.

 

[dxkj]

Originally posted by: TallBill
isn't the average american debt like 12,000?

If you count homes and college loans then 12k is nothing

 

[oniq]

Originally posted by: Hector13

Originally posted by: InstincT
I've never even had a credit card... don't plan to either.

if you ask me (which no one did...) that is almost as bad as being in debt. Unless, of course, you are filthy rick and have as much cash as you could ever use on hand.

Who is filthy rick? :laugh: