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I'm Asking: How Did You Get Into Debt?

I'm Asking: How Did You Get Into Debt?

Fifty-four percent of you are carrying a credit card balance, and many of you currently not carrying credit card debt may have been in the red at some point. What pushed you in to debt: Was it a shopping habit, paying bills when you didn't have a job, parking tickets, furniture, or a combination of other things?

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srvrocks srvrocks 7 years
sorry no picture right now...anyway, i am in credit card debt right now because I moved back to my hometown without a job in place and used credit to live on. now i have finally found a job and will have to contact a debt consolidation company to settle this debt because there is NO WAY i can catch up on the payments. i will try to settle independently and keep one card for emergencies.
thelorax thelorax 7 years
I married into a moderate amount of debt, but within our first year of marriage (not quite there yet!) we managed to pay if off by budgeting aggressively and holding each other accountable. You need to ask these questions before you tie the knot, seriously - their debt becomes your debt the moment you say "I do" - I'm thankful ours was manageable!
MsWalton MsWalton 7 years
The majority of my debt came from credit cards that I used to pay my tuition freshman year and old hospital bills. I have some student loan debt, but that's okay and I have a car payment. If I could just get rid of the very old things, I would be okay. But it's hard to pay my current bills as it is...
Imaginejen Imaginejen 7 years
$3000 for a wedding, $2000 in medical bills, student loans from undergrad and grad school, and living expenses while I wasn't working for three months after my surgery. We're slowly edging our way from under the crushing debt but it's definatly a slooooow process.
sonya-ina sonya-ina 7 years
Student Loans. My parents paid for my college, but my husband wasn't so lucky. We'll be paying off his student loans until the day we die, unless we win the lottery. HA!
queenegg queenegg 7 years
I decided to go back to school as soon as I got out of debt, which slide me back into the red worse than I've ever been before. I now have 2 jobs again, like I did befpre I got my four year.
chocolatine chocolatine 7 years
Student loans, plus some credit card debt due to travel. I let relatives guilt-trip me into attending a wedding overseas, and I had to put the flight, dress and gift on the credit card. Other expenses were caused by a long distance relationship. I usually went to see him (expensive train tickets), and the stingy f*cker never once paid for my meal when we went out. I actually had to cover for him a couple of times when he "forgot to take out cash". The relationship is over, but I'm still paying :(.But I've learned my lesson and won't be such a pushover in the future.
chocolatine chocolatine 7 years
Student loans, plus some credit card debt due to travel. I let relatives guilt-trip me into attending a wedding overseas, and I had to put the flight, dress and gift on the credit card. Other expenses were caused by a long distance relationship. I usually went to see him (expensive train tickets), and the stingy f*cker never once paid for my meal when we went out. I actually had to cover for him a couple of times when he "forgot to take out cash". The relationship is over, but I'm still paying :(. But I've learned my lesson and won't be such a pushover in the future.
krazykarot krazykarot 7 years
grad school. besides the regular student loans, i only got my credit card to pay for books, then it went from there. i try to only use it for automatic billing on Comcast and my gym membership but with money so tight i find myself using it more and more on necessities.
krazykarot krazykarot 7 years
grad school. besides the regular student loans, i only got my credit card to pay for books, then it went from there. i try to only use it for automatic billing on Comcast and my gym membership but with money so tight i find myself using it more and more on necessities.
paramita paramita 7 years
Mostly school, and having to move to another city for a job but can't start the job until a few months later cause of work permit problems. I still have a lot to learn on managing money!!
paramita paramita 7 years
Mostly school, and having to move to another city for a job but can't start the job until a few months later cause of work permit problems. I still have a lot to learn on managing money!!
gemsera gemsera 7 years
I got a loan I couldnt afford to pay for day to day expenses and my car... which I then spent more on to build into my race car, then I built a car club and spent $1000 a month on it, im still paying it off. Although without that loan, I wouldnt have been able to pay rent or eat alot of the time, I was in a bad place.You make mistakes, you learn.
gemsera gemsera 7 years
I got a loan I couldnt afford to pay for day to day expenses and my car... which I then spent more on to build into my race car, then I built a car club and spent $1000 a month on it, im still paying it off. Although without that loan, I wouldnt have been able to pay rent or eat alot of the time, I was in a bad place. You make mistakes, you learn.
eightieslingo eightieslingo 7 years
I got into debt paying for my wedding. But it's almost paid off!
baybug baybug 7 years
I paid off all my debt! Student loan and car. Best feeling ever!
graduatedsqueaks graduatedsqueaks 7 years
Pretty much 100% student loans. College is not cheap! And soon I'll also have a car loan...Yeah, not the best plan, but I've got a long term plan for paying everything off...start with the highest interest rate debt and work my way through it!
jennjennnbubba jennjennnbubba 7 years
well after two years at my first (out of school) place of employment, I took a different position that paid well but did not include commission pay which I was accustomed to so within a year most of a credit cards where at their max and I had a disposable income that I refused to deal with so before I knew it I was falling further and further behind...Luckily, I have been able to pay off most of the CC's now and learned a lot about finances, credit scores and life with and without money over the years :)
jennjennnbubba jennjennnbubba 7 years
well after two years at my first (out of school) place of employment, I took a different position that paid well but did not include commission pay which I was accustomed to so within a year most of a credit cards where at their max and I had a disposable income that I refused to deal with so before I knew it I was falling further and further behind... Luckily, I have been able to pay off most of the CC's now and learned a lot about finances, credit scores and life with and without money over the years :)
CoralAmber CoralAmber 7 years
I blame a bad boyfriend! I was fresh out of college and didn't have a job yet and he lived in the city and had a nice full time job. I often drove 2 hours to visit him (gas money) because "there was nothing to do" where I lived, and had my car towed twice because he told me it was ok to park somewhere (and he was wrong $$$). He also never had any food at his place and we constantly had to eat out. He often chose expensive restaurants and we almost always went dutch and he acted a bit put out when I asked him to cover me a couple of times. Luckily we broke up after only a few months and I transferred the balance to a 0% interest card until I could pay it off.Now it's just the student loans :D
CoralAmber CoralAmber 7 years
I blame a bad boyfriend! I was fresh out of college and didn't have a job yet and he lived in the city and had a nice full time job. I often drove 2 hours to visit him (gas money) because "there was nothing to do" where I lived, and had my car towed twice because he told me it was ok to park somewhere (and he was wrong $$$). He also never had any food at his place and we constantly had to eat out. He often chose expensive restaurants and we almost always went dutch and he acted a bit put out when I asked him to cover me a couple of times. Luckily we broke up after only a few months and I transferred the balance to a 0% interest card until I could pay it off. Now it's just the student loans :D
insanitypepper insanitypepper 7 years
I'm in debt from not making enough money! Seriously, I use my credit card for anything that costs more than $200 and isn't part of my normal monthly budget, like vet visits, dead tree removals, car repairs, and it adds up.
ilanac13 ilanac13 7 years
i got into debt initially when i was in college and i got my first cards and could spend even if i didn't have money. then once i got out of that debt, i was living in NYC making no money and when you need to eat - and you don't have cash - you start to charge food. i'm not talking about nice dinners - i'm talking about just going to the food store and getting cheap things. it adds up.
ilanac13 ilanac13 7 years
i got into debt initially when i was in college and i got my first cards and could spend even if i didn't have money.then once i got out of that debt, i was living in NYC making no money and when you need to eat - and you don't have cash - you start to charge food. i'm not talking about nice dinners - i'm talking about just going to the food store and getting cheap things. it adds up.
hithatsmybike hithatsmybike 7 years
braces!I know that's a totally random thing.. I know I could have saved up for a year or two and then paid them off, but I wanted them ASAP because I figured the sooner I got them on (it's been 4 months), the sooner they'll come off (next summer). I also bought a computer. It's paid off now, but it definitely limited payments to my orthodontics.. making both of those big purchases at the same time was probably unwise..
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