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How much personal debt do you have?

How much personal debt do you have?

  • None!

    Votes: 12 25.5%

  • Under $1,000

    Votes: 3 6.4%

  • $1,000-$5,000

    Votes: 7 14.9%

  • $5,000-$10,000

    Votes: 2 4.3%

  • $10,000-$25,000

    Votes: 6 12.8%

  • $25,000-$50,000

    Votes: 4 8.5%

  • $50,000-$75,000

    Votes: 1 2.1%

  • $75,000-$100,000

    Votes: 1 2.1%

  • $100,000-$200,000

    Votes: 7 14.9%

  • Over $200,000

    Votes: 4 8.5%
  • Total voters
    47
Lord Tammerlain said:
Ouch $1 million in medical debt

Unless you earn a great deal per year, how on earth will you be able to pay that back on top of other debts
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That's the kind of debt one just plans on paying on for the remainder of their lives. When a friend of mine had her baby, he was born with a heart defect (no pulmonary valve). He had several open heart surgeries and survived - he is due to have another one soon (he is now 14 and they will need to replace the shunts due to his growth) but my point is, she will never see that medical debt paid off. She plans on making payments for the remainder of her life. What kind of price do you put on life?
 
House paid for.

3 Cars paid for.

Small CC debt.
 
$100K reverse mortgage debt left over from a passed family member and put onto me. It grew in interest over the years. Started off at $60K. Almost went up to $110K before I sold my house.

Haven't payed it yet, though. I still have 28 days to do so. I'll make them wait a little longer.
 
Your Star said:
None. Though I do wish I was compiling some college debt.
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Not to get to personal with your family finances but I remember saying that you guys have been going through some hard financial times, with job loss and all.

You probably qualify for the Pell grants which all covers tuition costs (plus a little extra for books and expenses) at any state school in Georgia.
 
Lord Tammerlain said:
Ouch $1 million in medical debt

Unless you earn a great deal per year, how on earth will you be able to pay that back on top of other debts
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One can easily ring up a million in debt just by spending the remaining ten years in a nursing home...Fortuniately, things are not done this way, a degree of socialism and state aid...to the rescue.
 
We have over 200,000. but its just for our house. We try to pay cash for everything. So no credit card debt for us, just a mortgage.
 
An interesting question, I think, would be how much debt you have vs your age vs your level of education.
 
~200k student loans, no other debt.
 
RightinNYC said:
~200k student loans, no other debt.
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Ouch! And I was cringing at the thought of the ~50k in student debt my wife will have after she finishes her masters. However, in our case, she should be able to apply all of her salary (we are currently living on just mine and still managing to pay off debts) to paying it off over the first 20 months. Than its basically free money (which ultimately will mean half will go towards saving up for things or building wealth and half towards whatever (such as going on vacation or adding a room to the house))
 
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2500 left on my scooter. 1500 more on medical bills.

I won't count the mortgage. That is really the same as paying rent.
 
Mickey Shane said:
2500 left on my scooter. 1500 more on medical bills.

I won't count the mortgage. That is really the same as paying rent.
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If I take off my mortgage I have much, much less debt.
 
None at the moment, though law school will change that very soon.
 
1069 said:
It is a right, and it's free everywhere else in the industrialized world except the US.
It's not my fault my lame-ass country is behind the times, human rights-wise.
That doesn't mean I have to be. I'm free to just ignore them.
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It's not FREE anywhere in the world. Nowhere.
 
About 10k, unless you include my car in which case then it's about 20k. I'm looking at buying a house and a sailboat, so it's about to substantially increase.
 
about 170,000 if you include my mortgage.

0 if you don't include it.
 
Zero debt. 26 yrs old, married with two kids. I worked hard to get out of that hole and I'm not ever digging myself back in.
 
rivrrat said:
1069 said:
It is a right, and it's free everywhere else in the industrialized world except the US.
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It's not FREE anywhere in the world. Nowhere.
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Technically, you're right but I don't have a monthly medical bill coming out of my salary, neither do most European citizens.

As for the OP question - I have two mortgages for two houses so I'm £165,000 in debt. I also have about £185 every month on my credit card to pay for all the train travel I have to do each month.

That'll probably all change in about a year or so as I'm hoping to leave my job and set up in business... who knows what costs and debts I'll have then.
 
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