How many of you have loans?

[ghengis86]

I'm making extra payments on the forecolosed home I bought last year. Likewise with student loans (and yes, student loans are the ONLY debt you cannt get rid of through bankruptcy). my wife's car will be paid off this year and my sister is giving me her old Kia. no credit card debt, ever.

yes, getting debt free is paramount in my mind, but I can only do so much!

 

[OKRonPaul]

My only loan is a 5yr 401k loan I took out so I could pay cash for my house. It feels really good to not have all the debt I had before hanging over my head.

 

[werdd]

I have never taken out a loan in my life...

I have a credit card I use only to raise my credit score and nothing else.

House is paid off, car is paid off, boat is paid off and I'm only 28

Debt free is good!

How did you get a credit card to begin with?? Im planning on being you, but i can't even get a credit card right now for that purpouse. Not even the shittiest rate card on the market.

I have paid back a 2 thousand dollar student mistake loan, and they still deny me on 27% APR credit cards.

Might have to take out some more loans to even get a damn card, to build up my credit. Sad system, that makes no sense...

 

[klamath]

Zero debt here. I didn't have a credit card until I was in my 30's but with todays society you can't do a lot of things unless you have a credit card. Drive a rental car, rent a hotel room, ETC.
Now I pay for everything on credit cards. Nice to have them pay you 2 or 3 hundred dollars a year for the right to loan me money. God they must hate me!

 

[klamath]

How did you get a credit card to begin with?? Im planning on being you, but i can't even get a credit card right now for that purpouse. Not even the shittiest rate card on the market.

I have paid back a 2 thousand dollar student mistake loan, and they still deny me on 27% APR credit cards.

Might have to take out some more loans to even get a damn card, to build up my credit. Sad system, that makes no sense...

I married a girl that had credit and she added me to her credit card. Not saying this is a reason to get married though

 

[Scribbler de Stebbing]

How did you get a credit card to begin with?? I'm planning on being you, but i can't even get a credit card right now for that purpose. Not even the shittiest rate card on the market.

I have paid back a 2 thousand dollar student mistake loan, and they still deny me on 27% APR credit cards.

Might have to take out some more loans to even get a damn card, to build up my credit. Sad system, that makes no sense...

Many years ago when I didn't have any credit cards, I got an offer for a secured card. So I sent them the $300, which was my credit line, and took care to pay it on time each month. Today, I always pay my cards in full each month.

 

[Kludge]

Impossible to pay for school without it thanks to the federal government.

I'm very lucky to have one of the best community colleges in the nation a town away from me. Its credits transfer to just about any school in the state and costs less than $3,000/year. The college for my last two years is only $28,500/year dorm included.

So, only going to be paying ~$63,000 total for my entire education majoring in history and possibly minoring in PoliSci or Spanish (Unsure which yet since there's so much demand for Spanish but I can't seem to get some of the tenses down.).

I'm getting ~$7,500 in student aid, and my parent was nice enough to put $10,000 in. I'm already making ~$10,000 in small jobs this year and will probably take a job as a cart pusher or clerk in college (~$20,000 after taxes). That leaves me with ~$44,500 surplus for food and gas (books were already included).

 

[mediahasyou]

Please move all savings to banks that have not used bailout cash.

 

[Matt Collins]

Yeah I've got a student loan and a truck loan. Every spare dollar I have is going to pay these two things off.

 

[satchelmcqueen]

$3750 left on a jeep payment and im debt free. 2 more months i hope and im good.

 

[josephadel_3]

I'm very lucky to have one of the best community colleges in the nation a town away from me. Its credits transfer to just about any school in the state and costs less than $3,000/year. The college for my last two years is only $28,500/year dorm included.

So, only going to be paying ~$63,000 total for my entire education majoring in history and possibly minoring in PoliSci or Spanish (Unsure which yet since there's so much demand for Spanish but I can't seem to get some of the tenses down.).

I'm getting ~$7,500 in student aid, and my parent was nice enough to put $10,000 in. I'm already making ~$10,000 in small jobs this year and will probably take a job as a cart pusher or clerk in college (~$20,000 after taxes). That leaves me with ~$44,500 surplus for food and gas (books were already included).

Currently, I've only got $1750 in loans for this semester. Next semester I will have more. I did a year at a CC too. Maine instate tuition at most UM campuses is about
$230/credit hour.

 

[Pauls' Revere]

Yes, but at least NOT to credit card companies. Got to pick your battles.

 

[enjerth]

Deposits empower banks. Not being in debt to them is a good thing, but even better is when they don't have your money to loan to other people.