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snowprincess805
happily married
Member since 4/04 1941 total posts
Wedding Date:
8/13/2005 12:00 AM
Wed. Location:
Bourne Mansion
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Re: How much credit card debt are you in?
the reason your credit rating goes up when you leave balnaces - is the credit cards increase your credit limit hoping you will charge more and get more interest
but if you are paying more than the minimum - your debt to credit ratio can go down when they increase your credit limit - which helps your credit rating score
and then it is not good to cancel cards so once it is paid off you can have a very good ratio
i have only balances twice - and now it is almost gone - but i did law school without loans - my credit limits skyrocketed compared to having to ask for raises in my credit limit when i paid it off every month
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Posted 1/20/06 7:53 AM 
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lcherian
I'm a Mrs.!!
Member since 10/04 2876 total posts
Wedding Date:
6/24/2006 2:30 PM
Wed. Location:
Hyatt Wind Watch
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Re: How much credit card debt are you in?
Posted by snowprincess805
- but i did law school without loans -
wow, you're really lucky! 
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Posted 1/20/06 8:13 AM
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Preshy7
I love being his wife
Member since 12/04 4958 total posts
Wedding Date:
4/22/2006 3:00 PM
Wed. Location:
Hamlet Willow Creek - PERFECTION
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Re: How much credit card debt are you in?
EVERY MONTH MY BILL IS ALOT $2-3K AT LEAST- I TAKE CLIENTS OUT ETC. BUT I DONT CALL IT DEBT BECAUSE IT IS PAID OFF EVERY MONTH
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Posted 1/20/06 10:35 AM
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NPbride
Married!!!!
Member since 4/04 1375 total posts
Wedding Date:
1/1/2013 3:00 PM
Wed. Location:
Hamlet Willow Creek-A+++
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Re: How much credit card debt are you in?
Posted by SweetCin704
None for us, we always pay in full e/ month, I'm anal about it.
Same here.
I never heard about carrying a balance would make your credit score go up. I've have a credit history of about 8/10 years and have NEVER had a balance of any sort, but when we applied for a mortgage last year my score was well over 800. So I don't understand the whole carrying a balance thing.
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Posted 1/20/06 12:34 PM
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lipglossjunky73
Cai-Dizzle. Nuff said.
Member since 10/05 9121 total posts
Wedding Date:
6/17/2006 12:00 PM
Wed. Location:
Harbor Club
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Re: How much credit card debt are you in?
We are living in credit hell now, but thats because we had no money to live... we get calls from creditors all the time - its a nightmare...
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Posted 1/20/06 3:17 PM
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heidla
Anyone care for a spot of tea?
Member since 10/02 5901 total posts
Wedding Date:
5/28/2004 7:00 PM
Wed. Location:
The Snuff Mill at the NYBG
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Re: How much credit card debt are you in?
We don't carry any balance on our credit cards. Our polociy is if we can't afford to pay for it by the end of the month then we don't buy it.
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Posted 1/20/06 3:18 PM
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Mrs. Powell
DH Sure Knows How to spoil Me
Member since 10/05 3105 total posts
Wedding Date:
9/4/2005 12:00 AM
Wed. Location:
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Re: How much credit card debt are you in?
Posted by heidla
We don't carry any balance on our credit cards. Our polociy is if we can't afford to pay for it by the end of the month then we don't buy it.
I really do agree with you. This is one of the things that my parents taught me as child. If I am going to make a purchase on my credit card I should be able to pay the bill at the end of the month without a struggle.
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Posted 1/20/06 3:21 PM
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lipglossjunky73
Cai-Dizzle. Nuff said.
Member since 10/05 9121 total posts
Wedding Date:
6/17/2006 12:00 PM
Wed. Location:
Harbor Club
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Re: How much credit card debt are you in?
See - the thing is - how many of you have FH's paying child support? And maintenance? Before I got involved with him, I had my credit under control - being engaged to someone who half his salary goes to his ex-wife is hard to do and still be in the clear with credit...
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Posted 1/20/06 3:39 PM
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Beth1210
I want to do it again!
Member since 6/05 4048 total posts
Wedding Date:
12/10/2005 7:30 PM
Wed. Location:
Flowerfield
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Re: How much credit card debt are you in?
Posted by lipglossjunky73
See - the thing is - how many of you have FH's paying child support? And maintenance? Before I got involved with him, I had my credit under control - being engaged to someone who half his salary goes to his ex-wife is hard to do and still be in the clear with credit...
wow- that's rough!
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Posted 1/20/06 3:49 PM
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lipglossjunky73
Cai-Dizzle. Nuff said.
Member since 10/05 9121 total posts
Wedding Date:
6/17/2006 12:00 PM
Wed. Location:
Harbor Club
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Re: How much credit card debt are you in?
Posted by Beth1210
Posted by lipglossjunky73
See - the thing is - how many of you have FH's paying child support? And maintenance? Before I got involved with him, I had my credit under control - being engaged to someone who half his salary goes to his ex-wife is hard to do and still be in the clear with credit...
wow- that's rough!
this year has been the roughest - between him being laid off and getting a new job with a 20k paycut, the holidays and birthdays both in January for his 2 daughters, plus his debt before we were together (he is 10 years older than I am and had a few relationships before me - he went away with them and did all the fun stuff - now he settles down and I get stuck with the bills with him...  )
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Posted 1/20/06 5:03 PM
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Katherine121
"I'm Addicted"
Member since 10/04 1858 total posts
Wedding Date:
5/21/2005 12:00 AM
Wed. Location:
Hall
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Re: How much credit card debt are you in?
Posted by lipglossjunky73
We are living in credit hell now, but thats because we had no money to live... we get calls from creditors all the time - its a nightmare...
Ever thought of consolidating?
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Posted 1/20/06 5:06 PM
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DjPiLL
Mr. & Mrs. Pill
Member since 4/04 4198 total posts
Wedding Date:
5/28/2005 5:00 PM
Wed. Location:
Swan Club A+
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Re: How much credit card debt are you in?
Posted by Beth1210
Posted by ckgmwedding
NONE! I pay my off each month and DH only leaves a couple of hundred on his to increase his credit score. Believe it or not, his is higher due to his having a small balance that he pays off over time.
Jake- my DH and a credit expert- mortgage banker told me they don't like it when you pay in full- it better to carry a balance- another crazy thing that doesn't make sense
that's why my score is as high as it is- I always a have balance, pay more then the minium
everyone wants to give me credit- it's annoying
There are much better ways to "keep a balance". A car loan is a perfect example. Same goes with a student loan.
You should NEVER carry CC debt if you have a choice. A slight increase in your credit score is not worth 20% interest every month.
I actually had somebody once tell me... "Oh I dont pay off my CC balance because I have cash in my savings thats earning interest and I don't want to touch."
Whats worse... 1.5% MM savings? Or 20% CC interest? 
Sometimes people just don't think.
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Posted 1/21/06 3:00 PM
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heidla
Anyone care for a spot of tea?
Member since 10/02 5901 total posts
Wedding Date:
5/28/2004 7:00 PM
Wed. Location:
The Snuff Mill at the NYBG
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Re: How much credit card debt are you in?
Posted by lipglossjunky73
Posted by Beth1210
Posted by lipglossjunky73
See - the thing is - how many of you have FH's paying child support? And maintenance? Before I got involved with him, I had my credit under control - being engaged to someone who half his salary goes to his ex-wife is hard to do and still be in the clear with credit...
wow- that's rough!
this year has been the roughest - between him being laid off and getting a new job with a 20k paycut, the holidays and birthdays both in January for his 2 daughters, plus his debt before we were together (he is 10 years older than I am and had a few relationships before me - he went away with them and did all the fun stuff - now he settles down and I get stuck with the bills with him... )
That is a hard one!!! I'm just curious if you are helping to pay off the debt that he accumulated before your engagement?
Before DH and I were married we didn't combine our money. Heck, I still have my own savings and checking account in addition to our joint one. I know that I am over cautious, but if anything were ever to happen I don't want to have all my possesions intermingled.
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Posted 1/21/06 5:38 PM
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Hazeleyes33
Board Fanatic
Member since 9/04 683 total posts
Wedding Date:
6/5/2010
Wed. Location:
Spectrum Caterers
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Re: How much credit card debt are you in?
Even WITH insurance you can pay alot out of pocket. I am going to get socked with a $2,000 medical bill soon with my procedure I just had. The actually bills were over $40,000 though! This was unexpected and we did not have this extra money sitting around. We are going to use our tax money to pay off the bills. I don't want to but I am very lucky just to be alive.
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Posted 1/21/06 7:51 PM
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Meaghan729
"I'm Addicted"
Member since 1/06 2457 total posts
Wedding Date:
7/29/2007 3:30 PM
Wed. Location:
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Re: How much credit card debt are you in?
There are much better ways to "keep a balance". A car loan is a perfect example. Same goes with a student loan.
You should NEVER carry CC debt if you have a choice. A slight increase in your credit score is not worth 20% interest every month.
I actually had somebody once tell me... "Oh I dont pay off my CC balance because I have cash in my savings thats earning interest and I don't want to touch."
Whats worse... 1.5% MM savings? Or 20% CC interest?
Sometimes people just don't think.
if your cc interest rate is lower than your savings rate, best to put it in savings imo. i have a cc that is 0%, i kept a balance (school related) no more than 2k, put what i would have paid to the cc in savings - when my 0% is up I am going to xfer out of my savings and pay if off, I end up making a few hundred $$ in interest..
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Posted 1/22/06 10:52 AM
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Preshy7
I love being his wife
Member since 12/04 4958 total posts
Wedding Date:
4/22/2006 3:00 PM
Wed. Location:
Hamlet Willow Creek - PERFECTION
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Re: How much credit card debt are you in?
Posted by heidla
Posted by lipglossjunky73
Posted by Beth1210
Posted by lipglossjunky73
See - the thing is - how many of you have FH's paying child support? And maintenance? Before I got involved with him, I had my credit under control - being engaged to someone who half his salary goes to his ex-wife is hard to do and still be in the clear with credit...
wow- that's rough!
this year has been the roughest - between him being laid off and getting a new job with a 20k paycut, the holidays and birthdays both in January for his 2 daughters, plus his debt before we were together (he is 10 years older than I am and had a few relationships before me - he went away with them and did all the fun stuff - now he settles down and I get stuck with the bills with him... )
That is a hard one!!! I'm just curious if you are helping to pay off the debt that he accumulated before your engagement?
Before DH and I were married we didn't combine our money. Heck, I still have my own savings and checking account in addition to our joint one. I know that I am over cautious, but if anything were ever to happen I don't want to have all my possesions intermingled.
same thing here...his loans are his. my debts are mine...
i have my own accounts and he has his..and its working wonderfully..no resentment or anything...
if we go out we alternate who pays...we dont fight about money- he lets me do what i want
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Posted 1/23/06 6:18 PM
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swags1016
So in love
Member since 3/03 12235 total posts
Wedding Date:
7/26/2003 12:30 PM
Wed. Location:
East Wind- The Estate- A+
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Re: How much credit card debt are you in?
None!
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Posted 1/23/06 8:44 PM
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cocoa
I love my mer-man!!!
Member since 1/04 5869 total posts
Wedding Date:
8/8/2004 12:00 PM
Wed. Location:
thatched cottage
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Re: How much credit card debt are you in?
we pay off the balance every month. no need for more debt 
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Posted 1/23/06 9:59 PM
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Blu-ize
My House
Member since 8/04 8305 total posts
Wedding Date:
2/28/1998 6:00 PM
Wed. Location:
East Meadow Jewish Center
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Re: How much credit card debt are you in?
Posted by DjPiLL
Posted by Beth1210
Posted by ckgmwedding
NONE! I pay my off each month and DH only leaves a couple of hundred on his to increase his credit score. Believe it or not, his is higher due to his having a small balance that he pays off over time.
Jake- my DH and a credit expert- mortgage banker told me they don't like it when you pay in full- it better to carry a balance- another crazy thing that doesn't make sense
that's why my score is as high as it is- I always a have balance, pay more then the minium
everyone wants to give me credit- it's annoying
There are much better ways to "keep a balance". A car loan is a perfect example. Same goes with a student loan.
You should NEVER carry CC debt if you have a choice. A slight increase in your credit score is not worth 20% interest every month.
I actually had somebody once tell me... "Oh I dont pay off my CC balance because I have cash in my savings thats earning interest and I don't want to touch."
Whats worse... 1.5% MM savings? Or 20% CC interest?
Sometimes people just don't think.
I totally agree..
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Posted 1/24/06 12:15 PM
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Beth1210
I want to do it again!
Member since 6/05 4048 total posts
Wedding Date:
12/10/2005 7:30 PM
Wed. Location:
Flowerfield
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Re: How much credit card debt are you in?
Whats worse... 1.5% MM savings? Or 20% CC interest?
Sometimes people just don't think.
I don't pay close to 20% - except on my bloomies card-
I depleated my personal savings after the wedding- so once it's back to where I want it to be- I am paying almost all towrds my cards
Jake told me next big commission check- it's all mine to pay down my bills- anyone need a loan?
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Posted 1/24/06 4:27 PM
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oakslady
Ajax my poofy baby :)
Member since 11/03 2433 total posts
Wedding Date:
10/30/2004 1:00 AM
Wed. Location:
Miller Place Inn
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Re: How much credit card debt are you in?
zero - we dont use credit cards - if we cant afford to buy it cas we dont need it
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Posted 1/25/06 1:41 AM
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jessnyc711
"I'm Addicted"
Member since 10/03 1264 total posts
Wedding Date:
8/29/2004 11:30 AM
Wed. Location:
North Ritz Club
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Re: How much credit card debt are you in?
We have about 12K debt that is slowly decreasing, but I use my Amex and pay that off month to month. I have to get more into paying cash for everything.
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Posted 1/25/06 1:20 PM
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Beth1210
I want to do it again!
Member since 6/05 4048 total posts
Wedding Date:
12/10/2005 7:30 PM
Wed. Location:
Flowerfield
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Re: How much credit card debt are you in?
Posted by jessnyc711
We have about 12K debt that is slowly decreasing, but I use my Amex and pay that off month to month. I have to get more into paying cash for everything.
we could be the same person
I took my Amex out of my wallet this month- and the bill is next to nothing- I had to use it for 2 things- but now I use my debt card more and I think more before I spend real money
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Posted 1/25/06 2:34 PM
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jessnyc711
"I'm Addicted"
Member since 10/03 1264 total posts
Wedding Date:
8/29/2004 11:30 AM
Wed. Location:
North Ritz Club
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Re: How much credit card debt are you in?
we could be the same person
I took my Amex out of my wallet this month- and the bill is next to nothing- I had to use it for 2 things- but now I use my debt card more and I think more before I spend real money
I'm into using my debit card too, so I guess thats more like cash. It just seems like there's always something coming up like someone's birthday, holiday get togethers, I like to have friends over and entertain....I guess thats what gets me in trouble - I have to stop doing all these things and say no.
I'm just a sucker for enjoying the "NOW" in life. I don't know, anyone else go through this?
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Posted 1/26/06 10:21 AM
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slwh2005
We're having a BABY!!
Member since 9/04 1913 total posts
Wedding Date:
10/8/2005 3:00 PM
Wed. Location:
Hamlet Wind Watch
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Re: How much credit card debt are you in?
none (whew!)
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Posted 1/26/06 12:08 PM
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