How much are you in debt?

I owe about $30000 in student loans total. Hillary's plan to make college free sounds like socialism and it's not fair. People in college right now are in limbo since people before us could declear bankruptcy on student loans and people after us may have a free college education.

How much money general debt do you have?

Not right now. But if I get into an American College, then I surely will be.

Seriously, why are US Colleges so freaking expensive?

making these things free will result in more taxes. Like where i live in europe.

IT does make the gap between rich and poor a lot smaller.

If they do that, they must refund you as well, since you will be earning less to pay that money back (because of the increased tax)

I have about $6,000.00 in credit card debt. I have $1,500.00 on my car loan and I owe $207,000.00 on my house with a 30year fixed mortgage.

I just took out a personal loan to pay off my credit cards and auto loan and consolidate my debt with cheaper payments and lower interest rate.

Got about £400 left to pay on a credit card, which i can clear anytime. But i don't.

other than mortgage, ~18k on a new car we bought last year

i guess technically since my assets > my liabilities my net debt is $0

118k mortage

Maybe 4k personal debt( a little less than that most if it is car finance and some general credit card debt.

Debt is on 0% card and is going down each month.

Should be debt free in a year or two (excluding the mortage)

Very lucky - nothing at the moment but I don't own anything major (house or car) - all my money goes to saving for travel or gaming.

$480k in 2 mortgages

$3k credit card(s)

$56k car loans

$10k student loan (wife's loan)

Think that's about it. Looks like a lot, but it isn't if you factor in my household income, equity in my properties, 401(k)'s, savings, and a few other accounts I have.

@drspoon: Why not save money for when you buy a house and when you have to pay for the morgage instead of saving it for stuff like Holidays or gaming?

And what's wrong with socialism? And why should future generations be forced to also suffer college debts like yours or worse?

Free college is a good thing.

Not yet...

I don't even want to think about it. I'm owned, lets put it like that.

No debts on me. My parents pay me for collage many years ago and I haven't run into debts, not even credit cards.

i hate being in debts, that being said. i'm in a huge hole

hopefully NHL starts soon so i can start chipping away

I owe my life to death.

I've got about $110,000 left on a 15 year mortgage, but that's it. The house was built in 2013 and I've got around $60,000 in equity. No credit card debt, no student loans, and no car payments.

So basically your spoiled. And you don't exist in the US, lol .. Credit is everything here.

Personal.- 500 US in a couple of credit cards

Business.- 200 US

Wow, i wonder if you can buy a car with low credit like that ? They are mean here in the US, if you don't show large amounts loaned and paid, they just say no to everything. So this makes me wonder ? You must be in your 20's right ?

Zero bitches. I have and am worth nothing. This something that you say after paying off student loans for 20 years.

$50k left in our current mortgage. It'll be paid off within 5 years. Also paying for the wife's 2013 car. We could pay it off if we want. But, it'll be paid off next year.

Not much credit card debt: a few hundred dollars which is normally paid off every month. It's also been a while since I traveled abroad. Traveling overseas is our biggest expense. Plane tickets for 4 people aren't cheap. We're planning to visit the Philippines and Japan. We haven't visited them since 2013 and 2008, respectively. Might visit London, Guam, and Alaska as well where my wife also have relatives.

Actually, my wife traveled to the Philippines last year. But, she traveled by herself. I stayed home and watched the kids.

Oh, cmon. My uncle pays cash whenever he buys a car. Of course, he only buys a new car say, every 10 years or so. No kids to support, double retirement plus social security, no mortgage.

I intend to do the same.

Nothing, and will always be nothing. Why would I want to drown myself in debt like an idiot? Why would I need to buy a house? I will never make enough money to pay it off in my life time anyway, not even a car. None of that is worth it in my opinion. I am not ok with paying off mountains of debt for the rest of my life.

I wouldn´t want to purchase a car with a loan and pay almost half of it´s value just in interests, better pay it full in cash and get a really good discount. I don´t like debt, I ´m cheap and I don´t like to pay more, I save to purchase in full what I want/ need; debt only in credit card and only if it´s zero interest rate in fix monthly payments. I´m not in my 20´s, I´m 50.

I just put a cruise on my Amex and that's the only debt I currently have.

Rofl. You're such a hypocrite.

You talk shit about this country all of the time on these forums yet you're trying to go to school here?

Wow, i didn't think people like you exist any more. You are very smart, but yes if it would be hard to buy a house for you. My father did the same thing, never had a credit card, or bought a car, or a house. All his money was saved in cash, he also left the United States, because he said everything is too expensive. Unfortunately, i do not plan on leaving the US, and i have kids here who i plan on leaving the house i'm paying for here. I did the opposite of my dad. I only know one other person like you. Wow, you own nothing, that's a miracle.

I owe nothing.

None. Paying for school is for chumps!

He talks shit because he has never been to ´Murica, he doesn´t even understand what means to be and live in ´Murica. ´Murica is still the land of opportunities. He´s not a hypocrite, he´s just ignorant.

He is ignorant AND hypocritical. I have the screen caps where he showed elation at what happened to this country on 9/11. Yet now he wants to come here and get an education? You don't deserve to come here for an education, Gwynnblade.

If you think you're going to be able to get through life without any debt, I've got a bridge for sale in Brooklyn...

If you don't use credit, you'll never be able to buy a house, you'll have a hard time getting an apartment, a car, etc, etc. You have to utilize credit to build a credit history. Without that credit history, you may as well forget about those things I mentioned above, because they all require a positive credit history.

On your comment about never buying a house...would you rather pay about the same amount of money in rent every month and then have absolutely nothing in the end or would you rather pay what you would on a house, eventually pay it off, and be able to sell it eventually?

Before I bought a house, I was paying about $900 on renting a 2 bedroom apartment (about 1200 sq ft). Now I have a 1700 sq ft house (newly built), which is much nicer than my apartment, my own yard, and I only pay about $150 a month more on a 15-year mortgage. Had I done a 30-year mortgate, my house payment (including insurance and taxes) would be probably $200-300 less a month than rent. And you know what? I can sell that house today and have $50 - $60k in my pocket because I've built equity and the value of my home has increased.

I have $8000.00 in credit cards debt, I made a mistake using them, never again.. other than that nothing else.

Anyway, I feel sorry for you man..

i am nothing that has nothing and owns nothing

No debts, thankfully. Never had any either.

Do you live with your parents or are currently incarcerated? Because if not, paying rent instead of a mortgage is literally throwing your money away.

I built a house a few years ago so except for the seasonal maintenance I'm off the hook for big repairs for a bit, but my first house holy shit. I spent more on just keeping it up than I ever did rent. There was always something new to fix. Granted it was built in the 70's but still...check that shit out before you buy.

Heh...yeah there's always those "money pit" scenarios. But yes, obviously have a home inspection done prior to buying a house and even if everything is currently in working order know things like when was the roof last replaced (if an older home), age of the air conditioner, etc...basically all the big ticket items.

@ianhh6: Socialism just isn't favored in the U.S. I think my debt is reasonable. It would be unfair if future students can live in a dorm, buy new books, and pay living expenses on the gov't tab. Sure free college is morally good...but politics.

@commander: A refund does sound appealing. U.S. can learn a lot from Europe for sure

I have no debt.

roughly 14k on my credit card :( . I really need to find a part time job for school, but I just hate working.

No debt. Trying to pay for school as I work rather than doing the student loan thing.

Live with my mom, and brother, we are all too poor to live on our own. Buying a house would be the most brain dead decision we could make right now. A couple family members bought basic cars new 7 years ago, and are still paying them off.

Nah, you have to have a credit history, but you don't necessarily need current debt. Even buying stuff by credit card and paying it off every month builds credit.

I guess I actually have about 300K across 2 mortgages, but the first mortgage is now a rental property I'm making income off of. Thus, the debt on that house is technically a business liability, the interest on that loan is a business expense, and the income earned off of the property counts as capital gains.

I have no debt. But I am also comparatively wealthy, which is why I have no debt.

Also, I don't know why people confuse credit with debt, since they aren't the same thing.

And there are plenty of situations in plenty of places where renting is better than buying. Nor does one need to accumulate debt for things like cars, if your expectations are modest.

Not that I believe that a policy of zero debt is a good choice for most people. A reasonable and manageable amount of debt + access to sufficient liquidity in case of emergency or unexpected downturn is often a good plan for most people.

I've lived my entire life in a very poor family, so I'm used to living in shit holes lol and I'll never own a car, so I'm also used to that, so I'm good.

We had nothing in the first place when the great recession happened, so we barely felt it, and we survived.

I can, and I will, talk 'shit' about 'Murica as long as there is 'shit' to talk about Murica.

And you just showed what kind of a man you are. ''You don't deserve to come here for an education'' - LMFAO