SURVEY: How much debt do you have?

[BurnItDwn]

between 100K and 200K .... my morgage, that is all.

 

[b3b0p]

0

life is almost perfect

 

[acemcmac]

I have more cash at hand than I do structured debt and my CCs' are cleared every month in full. I'd pay off my car loan, but there is no benefit to me... inflation is working with me at this point.

 

[Albis]

college = debt

 

[iotone]

Originally posted by: Albis
college = debt

yep... same here.

 

[Train]

Originally posted by: Armitage

Originally posted by: Train

Originally posted by: Armitage
There's a big difference between secured & unsecured debt.
Lumping them all together is somewhat meaningless IMO.

A car, IMO, might as well be unsecured debt. Its not like a house where the value goes up or at least stays the same. A lot of people who make car payments have more to pay on it than the car is worth, so selling it when you need some cash really isnt an option.

I'd say the question of secured vs. unsecured is somewhat gray. You can be upside down on a mortgage if real estate takes a dive, while you could by something on a credit card that could possibly be easily sold to recoup your debt. Of course, with a credit card there's no legal agreement binding a certain debt to a certain asset as there is with a mortgage or car loan.

But in general, I would consider secured debt to be debt bound to a specific asset where you have a reasonable expectation that you could liquidate the asset for >= the remaining amount of debt on it.

ya thats pretty much what I was getting at, I mean, with cars you lose 1/3rd the value of the car as soon as you drive it off the lot.

 

[Train]

Originally posted by: acemcmac
I have more cash at hand than I do structured debt and my CCs' are cleared every month in full. I'd pay off my car loan, but there is no benefit to me... inflation is working with me at this point.

your interest rate is less than the rate of inflation?

 

[Chaotic42]

$1000

 

[StageLeft]

$20-30k in student loans. House debt does not count, as house is worth more than the loan, ditto on car note, so that just leaves student loans.

 

[new2AMD]

where is the survey?

 

[jjones]

$00000000000000000000000.00

 

[Tea Bag]

Three Fiddday!!!

 

[Anonemous]

Originally posted by: Fausto

Originally posted by: MogulMonster

Originally posted by: Fausto
Cool, a poll. You should post more of these.

Seriously, what a great idea! We never see these in ATOT! :beer:

Honestly, it never occured to me to sit around, think up random questions, and then post them on the intarweb.

:light:

it's called data collecting...

pretty soon, if you search through all the data collection threads you could compile a list of where people live, ethnicity, height, and education, etc... to steal their identities! (or just market to them)

/puts on tinfoil hat

 

[FoBoT]

i included the mortgage

 

[FoBoT]

Originally posted by: Armitage
There's a big difference between secured & unsecured debt.
Lumping them all together is somewhat meaningless IMO.

yeah, snake dude , what about that?

 

[amoeba]

damn it mansnake, post your own info.

 

[Zysoclaplem]

About $1000.
I really don't know what to do. I feel like my spending is out of control.
Now I wanna buy a car. WTF is my problem? That would put me like 11k in the hole.