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Credit Card Debt Calculator”

Tell me a story about your debt

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I’m wondering if you can do me a favor. Tomorrow, I’m giving a talk at the Commonwealth Club in San Francisco about debt for young people, and I’d love to hear your stories about how debt has affected you.

How much debt do you have (and what kind)? How old are you? How did you get into debt? How does it make you feel?

Don’t worry if your stories seems depressing or boring or unusual. I really am interested in hearing it, and in hearing your honest thoughts about how debt has affected you. If you can add a comment with as much detail as possible in the comments, I’ll try to use a couple of the stories tomorrow during the panel.

[Update]: The comments people have already left are amazing.

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indebt College Graduate
indebt College Graduate
9 years 3 months ago
I am 28 years old, working as a Software Developer. I have $50k in college loans. ~14,000 is at 4.5% interest and is actually a loan my mother took out for me, that i am taking responsibility for, the rest is at 3% interest. ~$400 a month in payments Payments total . I also have $5000 in credit card debt, paying ~$300/month…but it never seems to go away lol My college debt has really kept me from taking on any other major debt, such as a home or even a car loan. I feel like this large student loan hanging… Read more »
Alex Gierus
9 years 3 months ago
I have a mortgage on my house, about 2/3rds of it’s value. I have a joint mortgage on two other investment properties with some partners. I have line of credit and margin debt near $75K that is invested mostly in the stock market. I have zero consumer debt. No car payment or credit cards at all. I am excited about my debt because it makes me feel like I’m running a business. I obtain capital and try to get a return on it that is higher than its cost. I have developed a feeling about how much debt I can… Read more »
outwiththejive
outwiththejive
9 years 3 months ago
I am graduating this week with an undergraduate degree in finance. Of course, to get it I had to take on a good bit of debt. I currently have $20k in student loans, $1,500 in credit card debt, and a $12k car loan. Overall, I think my debt situation isn’t too awful. I’m handling the monthly payments well, and don’t feel too much strain as I prepare my budgets. One major point: my church has provided many useful tools to help individuals and families deal with financial issues. You can look it all up at http://providentliving.org. In particular, I like… Read more »
RA
RA
9 years 3 months ago
I used to have quite a bit of debt when I was out of college. Lets just say I was young and stupid: I made quite a bit of money through some internships and also got a lot of student loans. While I squandered my “fortune” away (mostly on eating out and being very careless on where I spend). – When I graduated, I had almost $21000 USD in debt. – In addition to that, I had almost ~$600 debt in a credit card. Not much, but my foolishness that was to follow made it twice as much. – After… Read more »
J.R.
J.R.
9 years 3 months ago
I am only very recently debt free as of 2 months ago. I graduated from college in December of 2004 and had $10,000 in student loans. (My parents helped pay for some of school, and then i worked part time and paid for most of my living expenses). When I first graduated, I received a credit card that had 1 year of interest free use. I knew in my head that I should pay off the card in full every month. But with the mental “safety net” providing me false reassurance, there were a few months where it didn’t get… Read more »
Jocelyn
9 years 3 months ago
My husband and I together have $30k in student loans (my half is a government loan @ 3% interest, his half is a loan through his parents at no interest). We’re both of the opinion that our college educations were entirely worth the debt that we’re in, and the monthly payments ($200/month for both) are quite manageable. We were lucky to have help from family, scholarships, and jobs to pay for most of it. I feel fortunate to have escaped the burden that I see so many students going through now. As for consumer debt, we have $6k on our… Read more »
mark
9 years 3 months ago
I have about 15k in credit card debt. Some of it is from college and the rest is from trying to keep myself “afloat” during a lengthly unemployment. I pay as much as I can every month but it never seems to go away. It has been a huge burden on me and has probably cost me a couple of great relationships. I am considering taking a second job and cutting my expenses to bare minimums until it is gone. It seems every time I think I am getting things under control something else pops up like a car repair… Read more »
Allison B.
Allison B.
9 years 3 months ago
I am 23 years old and work as an HIV/AIDS Case Manager for the govt. After taxes, withholdings, heath insurance, etc., I make $1000 biweekly. I graduated from college in June 2006. I went to community college for two years, my dad paid for my junior year of University (UCSB), and I paid for my senior year. I graduated with $5500 in loans which are at 6.89% for the next year. I’ve paid off around $1800 so far, so now I have $3990 left to pay off. I’m trying to put around $600 a month to them, but I’m also… Read more »
Almost 30
9 years 3 months ago
I am 29 years old, have a BA & 1 year of grad school which contributed to student loan debt of $38k. I am not terribly worried about it, as I can’t imagine where I’d be without it. My consolidated interest rate is 5%. I have $18k in retirement and try to save at least 10% of my income in retirement. Overall, I like to save. Yet, I can’t seem to keep a liquid savings account for emergencies or save for a down payment on a house. I would have to use a credit card if something major hit. There… Read more »
dimes
9 years 3 months ago
I have about $16K of student debt. Three years ago it was $26K but my husband and I (really it was him) have made valiant strides to pay it down, though we’re going to ease up a bit. We’re both 25. We don’t have any other debt right now, including car payments, mortgages, or any unsecured debt. My only problem with the debt is that it was theoretically supposed to make me be fruitful and bring home a big salary, but that hasn’t really been the case so far. Then again, that’s one of the pitfalls of marrying someone in… Read more »
Jonathan
Jonathan
9 years 3 months ago
I am 25 years old and have been working to pay off all my debt for the past 3 years. I started with $40k in Student Loans and a $20K SUV. After getting serious about owning a home and being wealthy later in life, my wife and I have nearly paid down both debts. We will be completely debt free by the end of July ’07. People said we are completely nuts for paying off debt with such low interest rates, but they are all poor so we tend not to put much stock in their opinion. Together, my wife… Read more »
Hope
Hope
9 years 3 months ago
I am in law school. By the time I graduate, I will have approximately $140k of undergraduate and law school loans at about 5% interest. While my soul hurts from such ridiculously high loans, I am still comfortable enough with my debts that I always max out my Roth IRA and I carry an investment portfolio worth about 10k isntead of paying down my loans. I am assuming that I will meet my minimum payments in the future and that the good ol stock market will return higher than 5% so that my investing will be more profitable than repaying… Read more »
Matt
Matt
9 years 3 months ago
I am $32,000 CDN in debt and I feel great about it! $24,500is from student loans and $7500 is from my parents. I am 25 and graduated in 2005 with a Computer Science degree. I spent 16 months in Europe volunteering after graduating and have returned to Canada where I have just landed a well-paying Software developer job (for a recent graduate). I recently re-read “The Richest Man in Babylon” and will follow the plan to put 20% of my income towards debt-repayment. At that rate, I figure I can be completely debt-free in 2-3 years. I have no car… Read more »
Kay
Kay
9 years 3 months ago
Hi, Well my situation may be a little different but I guess it’s all the same…debt. I am now 28 but when I was 19 I had my first experience with debt from yours truly (my mother). In the beginning I guess I was either too young to understand the consequences or too scared to do anything about it. It happened when I went out of state for college and my mother forced me to send all of cc homes because she thought I would just spend them on random things and friends. Long story short, I followed directions and… Read more »
Jessica
Jessica
18 days 23 hours ago

I am currently going through what you going through right now except it’s one credit card with 5 missed payments.How can I resolve this matter?

DWS
DWS
9 years 3 months ago
I graduated college and had nearly 27,000 dollars in debt. The payments on that debt were killing me. I decided that I was sick of having it and made it my goal to get rid of it. I have worked two jobs (occasionally 3!) shifts of 18-26 hours, most weekends and I budget every cent that comes to me. I live very frugally and I will have the 27,000 paid off in full next month. Total time? 19 months. I make less than 50k, have an apartment and do not borrow or leech off of anyone. Anyone can get out… Read more »
Sick & Tired
Sick & Tired
9 years 3 months ago
28 years old married combined income: ~$150k live in NYC credit cards: $35,000 car loan: $26,000 personal bank loans: $15,000 Our debt is my single most frequent concern. My wife and I are finally starting to tackle our debt, but it has taken us quite a while to get started. The first step was making some extra $$ (we make about double now what we did a year ago). The second step was acknowledging that we actually had a problem with spending. Now, we’re trying to restructure our debt and plan a reasonable monthly budget to pay it off. All… Read more »
Michele
Michele
9 years 3 months ago
I am almost 38. I think we’ve had dumb debt and smart debt. When my husband and I were in college the first time, we got a free t-shirt or something and got credit cards with reasonable limits ($500.00). Sure, I had no income, but that didn’t seem important at the time. Wouldn’t you know it, I was responsible enough to have my limit raised to $2,000 after a very short period of time! Except that I wasn’t, and I paid thousands of dollars in interest and late fees and wrecked my credit rating for several years. It took many… Read more »
debt kid
9 years 3 months ago
I am 23. I have over 300K in unsecured debt. Crazy right? I got into some really bad investing habit (ie, forex trading), and over three years I made some huge mistakes. I have a small business that I used to get more funding for my trading addiction. I finally started to come to grips with everything a few months ago. It’s been pretty hard, to say the least. My business brings in around 7K a month, but my expenses are still around 9K a month at the moment with all the debt payments. I have a house that I… Read more »
John
John
9 years 3 months ago
my debt scares me. primarily b/c it is not under control. all of my payments are on time, & i am working on reducing credit card debt, but it seems like i’m plugging holes in a poorly built dam. unexpected costs have depleted the savings i spent 2 years building & despite attempts to build it back up, the depletion continues. my debt-to-income ratio is well above what it should be (~60-70%). i’ve paid off two cards in the last year only to have emergencies fill them back up. the worst part of my debt is the mental weight that… Read more »
SRD
SRD
9 years 3 months ago
I am 28 years old and have been debt free for about 5 months. I got married at 24 and went into the marriage with about $5000 in college loans. We foolishly put about $3000 of wedding-related expenses on our credit cards. Although we are both college graduates, my husband and I both had a difficult time finding a decent job. He worked odd jobs and I worked in retail. I quit my job about 6 months into our marriage and started my own business. It was slow starting and before we knew it our debt (mostly credit card) had… Read more »
Tracie
Tracie
9 years 3 months ago
I am 24 years old and two Sundays away from graduation with a BA. I have $11K in student loans, 8K in auto loans, and 1500 in credit card debt. Student loans: I went to community college for 4 years, got 2 associate’s degrees, and finally figured out what bachelor’s to get. I have worked throughout my college career and paid everything myself. Community college – used the college’s installment plan and paid everything off. State college – loans for all tuition. Paid room/board for my junior year and books for both with cash/credit – a total of about $8500.… Read more »
eR0CK
eR0CK
9 years 3 months ago
I’ll try to keep it short and sweet since I don’t have a lot of time. Feel free to contact me if you need additional information. Starting college in 2001 I was 18 with no debt, but I did have one single credit card I seldom used. Fast forward two years, I graduated from county college with an AS and zero debt. No debt on my single credit card. Summer before being admitted into school for a BS, my breaks and tires need to be replaced (used car). I didn’t have the money, so I charged the $1K repair. Shortly… Read more »
jen
jen
9 years 3 months ago
At 22 and a year out of college I had over 15K of credit card debt – my job and second job didn’t pay enough to meet my expenses so it just kept going up. Paying off cards with other cards, opening new cards to transfer balances, leaving statements unopened. Thank God a friend helped me get it together to figure out what I owed and to whom, and to consolidate and get it together. I paid the last card off five years later but it’s done, and I have well above average credit at 31. Learned that lesson the… Read more »
guinness416
guinness416
9 years 3 months ago
I’m 29, got a $280,000 +/- mortgage (with my spouse) and as of lunchtime about 18 bucks on my credit card. Paying down the mortgage at a fair clip gives me a good kick. College loans keep coming up in the comments here, so you might find this interesting. I’m from Ireland, where your first crack at 3rd level education is taxpayer funded (if you want a second degree, you pay). Never ceases to amaze and upset me to see young people starting out in life with thousands in college debt. I’ve probably said it before here, but I won… Read more »
Bethany
9 years 3 months ago

I’m a 20-year-old college student. Thanks to a lot of scholarship money I don’t have any student loans. My only debt is about $300 that I allowed my boyfriend to charge on my credit card (which is 0% APR for quite a while)

I normally pay off my credit card at the end of each month, but this past Christmas I didn’t do that. I had 0% APR so it wasn’t a big deal. I hadn’t saved up enough for Christmas and I knew I’d be able to pay it all off after working over winter break.

Donald Kennedy
9 years 3 months ago
I am 27, and up until last year I had $135,000 in debt. $71k is mortgage, $15k is credit card debt, $14k is a car loan, $10k personal loan from the bank (at 10% over the 3 year loan) and $25k is a student loan. I recently had twin boys born, so I ended up using my credit cards to get things that the boys needed, plus I had a Sears card to get new windows put into my new house to get rid of the draft and noise for the kids. Luckily, my job put me in a position… Read more »
eric
eric
9 years 3 months ago
@#19 – I feel for you. I’m 26 with ~40k in student loans and CC debt, just starting to manage to chip away it. It’s awful, having that weight. I feel like i have no freedom; with that $500 due every month, I can’t afford to be without income for a second. I live alone, but have no independence; I’d like to have the freedom to move to another town, or another state; to switch careers if I get bored. The college education, as much as it does for my resume, wasn’t worth it – I’d gladly take a 10-20%… Read more »
Badshah
9 years 3 months ago

I am 23, and I am debt free. I own a car, it’s paid off. I worked my butt off and paid my own tuition and other living costs. I worked 3 jobs at times, and took my time to graduate (5 yrs). I don’t own a house, because I don’t need one, my apt is freaking beautiful, a bed is all I need to get by.

Rico (you know THE Rico)
Rico (you know THE Rico)
9 years 3 months ago
Age:24 Education:BFA (Studio Art) Debt:$0 Credit Cards:4 personal 2 business Savings:8k roth ira, 5k savings, 2-3k at a time in checking Income:~$3K/month Living situation:Renting Apartment Work situation:Contract IT work (work 9 months, vacation 3, work 9 and so on) Small import business just started this year. Cars:2 (89 civic, 03 mustang) both paid for. I’ve been working since I was a little kid. I’ve mowed yards, collected glass/paper/cans to recycle for dough, IT work in high school, IT work through college (had to work full time and attend college full time in order to pay it all myself), IT work… Read more »
John Doe
John Doe
9 years 3 months ago
I’m 25. I have ~$165,000 in student loan debt. ~$20,000 from undergrad and the rest from law school. My student loan payments are about $1,800 a month. Yeah, it stresses me out, big time. They loan you the money like it’s growing on trees, they don’t warn you about paying it back. It’s also inconvenient because I can’t get a home loan. I find that ridiculous because I pay $800/month rent and I’ve heard of some people having house payments in that range. So I have a place to live, but that money isn’t being invested into anything. My interest… Read more »
AM
9 years 3 months ago
I am 35, my husband is 38. We live in the Phoenix metro area. I make $72k/year He makes $55k/year We owe $3500 total on two credit cards and $2k on our first new furniture ever. We have two car loans: 1. balance 4k @ 200/mo and 2. balance 7k @260/mo We own a house with a mortgage of $340k We own a rental property with a mortgage of 218k. And we owe 130k in student loans. We worked all throughout our 3 degrees, didn’t use CC’s, never got help from our parents, and lived like paupers – yet with… Read more »
Bryan
Bryan
9 years 3 months ago
I am 29 years old. I am a third year attorney in the field of Mergers and Acquisitions. I make $60,000.00 per year. I am over $100,000 in debt ALL in student loans. I pay over 1,100 per month in student debt payments. I am unable to put any money in my retirement account. I have an insufficient emergency fund. I fail to feel even the slightest satisfaction from my work as nearly all of my money goes to paying off debts instead of creating wealth. While few in this country will shed a tear for whom society deems overpriced… Read more »
Jesse
Jesse
6 months 20 days ago
If you make $60,000 a year, why is it not feasible to pay off your $100,000 in four years? $60,000/year = $5000/mo divided in half is $2500/mo (more than MOST people even make) $100,000 divided by $2500=40 months or a little under 4 years…. at $60,000 a year you are currently paying $13200.00 to debt where is the other 46,800 going?? You said over $1100 well at $1500 You still have $42,000 to work with (again MORE THAN SOME OF US EVEN MAKE) If you cant live on $30,000 a year and it is making you depressed you need to… Read more »
Joe
Joe
9 years 3 months ago

I have no debt. I am a grinch. I sometimes regret not going out with friends to dinners and movies because of the costs. I am scared of paying money. This fear has kept me debt-free, but it has also yoked my life.

I wish everyone with debt good luck in paying it off (especially the credit card debt – the interest rates are so high!).

Meg
Meg
9 years 3 months ago
I’m in my second year out of law school and am working at a large firm. I currently have $105K in student loans. Approximately $60K are federal loans which I have consolidated at a 3% interest rate; the remainder are private loans that have interest rates from 9-11%. The government loans are not oppressive – the total payment on them is about $300 per month. The private loans are staggering, and the minimum payment on them is aabout $600 per month. I received a half-scholarship to attend law school, so my debts are not as big as some of my… Read more »
Emily
Emily
9 years 3 months ago
I am finishing my undergrad degree this may from a top private university. I have 23K in student loans, my parents paid the rest. Luckily my parents also helped with my living expenses. However, I have almost 4K in credit card debt. I’m unsure whether my parents will be paying it off, or if I will be. I’m learning to take control of my money after being taken care of for so many years. The debt doesn’t really bother me yet, but I’m sure that’s because I have not yet entered the “real world” and haven’t had to start paying… Read more »
typenerd
typenerd
9 years 3 months ago
I started in-between my first real job and college. I got a $20,000 car, then a computer or two ($4,000+) and stereo stuff ($1,500+). After that I was eating out a lot in college, buying stuff I didn’t need for my apartments. Then I didn’t pay anything for a few months (4+) and all my debt was charged off, which ruined my credit. Well I left college and got a good job, paid off all my debt (at about 70% instead of all of it) and bought a house for $120,000 with an FHA loan that ignored my credit. My… Read more »
brint
brint
9 years 3 months ago

I’m 25. Two years ago I was debt free. Scholarships paid for college. Parents paid living expenses. My car was a graduation present from high school.

At 23, one year after graduating in business, I was given a diagnosis of possible Multiple Sclerosis. In the last two years I’ve built up more than $20,000 in credit card and medical debt.

But most of it was travel related. Might as well travel while I feel good. Why the hell not, right?

J
J
9 years 3 months ago
My fiance and I have 5000 dollars in credit card debt, at ridiculous interest rates (18%), and I also have a student loans for 2750 and 1500, the 2750 one is sitting in the bank building interest until it needs to be repaid, its a form of an emergency fund. We make approximately 30,000 year together, both of us in college. I work for tips, he works for an hourly rate at a hardware store. He has a 401k set up (courtesy of me, the financial manager of the relationship). We pay off our bills each month, and whatever money… Read more »
Kathryn
9 years 3 months ago
After a BS and an MA, I found myself in a remarkable amount of student loan debt: $98,000. I had never been educated in financial matters, and I regret that–I had no idea I had accumulated that much debt over my college years; when I went to consolidate my loans (got a pretty good rate, 4.75%) and the woman I was talking to gave me the amount, I could feel my heart drop to my feet. I could have almost bought a house for that amount of money! Thankfully, I got a good job and I’m starting to make payments,… Read more »
lee
9 years 3 months ago
Ramit, I have sort of an anti-debt story. For a number of reasons, I went to a public university for two years and a private university for two years, saving a lot of money. I didn ‘t have a lot of money to buy anything, but I avoided accumulating much credit card debt by not buiying stuff. I don’t think I even owned a computer until after graduation. I lived at home for four years before finally moving to New York City, even though I wanted to get out of the house immediately. When I finally moved here, I was… Read more »
Matt
Matt
9 years 3 months ago
Well, I’m 29 now and currently have a total of around $50K in debt. $16K right now is in student loans (I was able to consolidate last year, so the rates are low and will remain such) ~$12K is on a car loan to get me a car some years back furnished by the ‘rents. The rest is in credit card debt (~$22K)…the crazy part is I never got a card until age 24. I got stupid on a couple of bad investments/scams, and also have some money tied up in trading on the futures market…which is going OK so… Read more »
Charlotte
9 years 3 months ago
I’m 22 years old and graduating from college next month. I got a letter today notifying me that I’ve been accepted into graduate school. I want to earn a master’s degree in social work and help improve the lives of people in my community, but I just can’t stand the idea of accumulating more debt, so I’m looking for a job instead. I already have over 12K in debt from my undergraduate degree–and my state has a program that covers my tuition. Despite working 20-30 hours per week all through college, I still needed student loans to help cover my… Read more »
Stacy
Stacy
9 years 3 months ago
I’m 22, and I’m going to graduate in August most likely. Current debt: $15,000 Five thousand is in government loans and the rest is a loan at the same rate from my bank. I also got some grant money. I was very lucky because my great-grand parents had invested in savings bonds when I was a baby and that helped me pay for most of college. However, they couldn’t see how much costs would eventually rise. I also participated in a study abroad program in the UK. In case you don’t know, the exchange rate right now is 2 pounds… Read more »
Matt
Matt
9 years 3 months ago
I’m 27 now and graduated 4 years ago with a bachelor’s degree in engineering. When I graduated I had a few thousand in CC debt and about $21k in student loans. The CC debt has fluctuated but I am CC debt free now and down to about $11k in student loans. I own my car outright. I bought a house two years ago and have $275k remaining on the mortgage at 5.5%. Conservatively, I have 75k of equity in the house. I started saving for retirement last year and am putting away at least 10% of my taxable gross. I’m… Read more »
Tyler
9 years 3 months ago
Well I am 20 and have about 105k in debt. The majority of my debt is in my mortgage, (about 98k.) I purchased a house near campus for when I am going to school. After a few years out of school I plan on moving out of it and then renting it out entirely. The rest of my debt was in the form of loans from my parents to help pay for college. This is 5-7k, since I don’t have an online account tracking this I would have to pull up my documentation.. Since your not the IRS that wont… Read more »
ack
ack
9 years 3 months ago
Wow, I can hardly write this. I have a bit more than $130,000 in student loan debt, from a master’s degree at Cal and a JD from an Ivy league law school. Most of it is consolidated federal loans, so the interest rate is quite low. About $15,000 is private loans, at something like 8%. Obviously I don’t really like to think about the details! In a way, I’m lucky, since I got two cracks at federal loans, instead of having to fund an equivalent amount with half private loans, like most of my law school class. At the exit… Read more »
allan
9 years 3 months ago
I’m 19 years old and I am $148,000 in debt. I go to a private school that costs me $47,000 per year. My parents were kind enough to pay the first year of tuition for me, but I am on my own after that. The only reason I am staying in this university is that I have an unbelievable job doing research at a nearby ivy-league material school. My only option to remove this debt is to transfer to a state school, which I can’t bring myself to do. My solution for solving this debt: 80-hour work weeks for startup… Read more »
Magdelena
Magdelena
9 years 3 months ago

I am married combined income 48k. 3 kids 15, 11, 7.
Mortgage 110k, Mortgage 2 35k, Credit card 35 k. We are a mess. I can’t find a job after staying home with kids. Help!

NIUIcePrincess
9 years 3 months ago
hi Ramit, I’m 25, getting married next year, and my fiance and I just bought our own condo last month. I have about $35k in student loan debt, but I think it is entirely worth it since I wouldn’t have gotten my job without it. It would have been higher but I was fortunate to have a tuition scholarship for 4 years, so the debt was for books and room and board and misc fees. I’ve gotten my credit card debt down to approx $650 after I started my own PF blog. When I first got out of college I… Read more »
NIUIcePrincess
9 years 3 months ago

i just want to add that my Sallie Mae (the 35k) debt payment is $227, and I still have $35k on it. The federal Perkins is what I got down to $80 from $890, and I expect it to clear by Memorial Day.

Justin
9 years 3 months ago
I’m 21, I’ve got roughly $15,000 in education loans (which I don’t yet have to pay back) and I’ll probably be adding on to that to get money for studying abroad for the next academic year. I’ve got $3045.82 debt between two credit cards, which I accumulated from paying for a vacation for myself and my exgf last summer, buying plane tickets to go home and visit the current gf and/or my family, and I needed a cash advance to pay off my student account because it came due earlier than I was told it would and I didn’t have… Read more »
Mark
Mark
9 years 3 months ago

$23,000 in student loans at a higher-than-I-would-like-to-admit interest rate. $1000 in CC debt. Graduated grad school in 2006. Before that, was working low paying jobs, so couldn’t save very much. It’s a shame so many young people in the U.S. start their adult lives off with heavy financial burdens. Like others have written, debt is a psychological burden that effects self-esteem and relationships with others.

I used to think freedom was a highway. Now I know freedom is a bill laying on the kitchen table that says “paid in full”.

Nony-mouse
Nony-mouse
9 years 3 months ago
I have quite a story to tell as well. I came to this country at the age of 20 to pursue my bachelor’s degree. I did 2 years communit college back home, so only had 2 years left. Fortunately, I come from a society where it is the responsibility of the parents to pay for the childs education. [I value this tremendously now] I had no clue about finances and started applying for credit cards so that I can get the free T-Shirts on campus. Ended up getting over 10 credit cards and racked up around $6000 in debts spread… Read more »
James
James
9 years 3 months ago
I guess I might as well chime in with a story somewhat different than the rest. I’m 23, have a bachelor’s in engineering and about to get a master’s in the same field. I go to a public university that is ranked better in engineering and my specific field than most private schools so there was no reason to go private. I have absolutely no debt related to my education. I received a 4 year scholarship (state schools DO give away money), worked throughout undergrad, and have a paid research position now. I have ~$3,000 debt for a car loan.… Read more »
Mike
Mike
9 years 3 months ago
Worst year for me financially was 2003. Got married and my wife had a preemie baby all in the same year. My son spent his first few days in the hospital ICU until he was strong enough to come home. By year’s end, we had racked up about $15,000 in credit card debt. Decided all along that my wife would be a stay-at-home mom, and my gov’t salary was barely getting us by paycheck to paycheck. Fortunately, I invested in the gov’t TSP plan from day-1, so it continued to pull pre-tax money since I started working for them in… Read more »
Siva
Siva
9 years 3 months ago

I am 27 years old and finishing my PhD before heading back to medical school to finish the last years of my medical degree.

I am in £4500 (~$9000US) credit card debt with an overdraft of about £2000 (~$4000US). I also have £10000 ($20000US) of student loans which will increase when I go back to finish medical school.

I am lucky enough to have incredibly supportive parents, but sponging from them any more is not realistic at their age.

Thanks for all the positive stories, they really help. On to creating a zero based budget!

Jo-less
Jo-less
9 years 3 months ago
I feel very lucky, reading all these stories of six-figure school loans and so on. I have no debt. I had a GBP5K student loan which I paid off within a year or so of finishing my MSc (I worked full-time whilst completing that). I paid cash for my car, and I was lucky enough to find a wonderful high earning SO who also has an additional private income so we have no mortgage or rent payments. I make GBP30K a year, she makes GBP43K, and has an income of another GBP30K or so. I’m saving as hard as I… Read more »
Brad
Brad
9 years 3 months ago

I just graduated in December. I’ve got 15K in student loans at 3.25% and 2,500 at 6.89%. I have no credit card debt.

I’ll be doing Teach for America over the next two years which means my loans are deferred and the gov’t pays the interest. I plan on saving up to pay the 2,500 as soon as I have to start paying loans again. The 3.25% I’ll pay the minimum amount until the loans are done. I can make more just having that $$ in a savings accn’t.

corey
corey
9 years 3 months ago
I can’t help but to read all the posts about people with $1,000 to $3,000 that finally get there balance to $0 only to have an emergencies come up and they need to charge it. After struggling for 3 yrs with the same situation I found a solution that I recommend to all. First you have to stop the bleeding! Next month when your credit card statement arrives with a total balance ignore it! PAY THE MINIMUM and put the difference between that and the amount you really would like to pay in a ing direct savings account or equivalent.… Read more »
mike
9 years 3 months ago

Age: 33

Mortgage: $150k

No car debt, school loan or any other debts at all. I do owe the cable company 150bux, but i’ll pay that when I get annoyed by them enough.

Zachary
9 years 3 months ago

I racked up a quite large credit card balance when I was an undergrad. Here are a few things I wish I had learned a little earlier:

1) Credit cards are not for Amazon.com

2) Credit cards are not for fast food

3) Credit cards are not for internet porn (or so I hear…)

4) Credit cards are not for gasoline

I am still paying off my original balance for all this garbage.

Cori
Cori
9 years 3 months ago
I am 32, make $28,000/yr and I have $33,000 in student loans to pay back and I’ve been going through a divorce over the past 4 years and have $180,000 in lawyer fees that won’t stop growing until the appeals are done. It becomes overwhelming to think about so I usually put it on the back burner… denial! But they are there and always on my mind. I want to do things like… eat, have electricity, take a hot shower, take my kids out for ice cream… etc, and feel guilty about it because that is all money that should… Read more »
Joshua Keezer
9 years 3 months ago

A little late in the game but my story has been outlined and is being outlined on an LJ community I made. I figure I’m as open as I can be about my debt without risk of ID theft.

http://community.livejournal.com/goingdebtfree/?skip=20

As of this point in time, I’ve been airing my financial situation for 16 weeks. All of the steps up and down are there including the latest crash.

Binder
Binder
9 years 3 months ago
Right now, I have about $85k in debt, $75k of which is a mortgage, and $10k is credit cards. I own a car that is paid off. I bought a house in 1999 on a 30 year mortgage. When interest rates dropped in 2003, I refied to a 15 and have 11 years left to pay on it. I’m working with a singleminded intensity at this point to pay off the credit card debt, at which point I plan to begin paying additional principal on the mortgage. I’ve been saving 7% per paycheck automatically into a 401k (with 6% match)… Read more »
Ivan Anic
9 years 3 months ago
I graduated with BFA in animation and film last year. At the moment I have 132 K in loans for my education. The APR on it is 9.25 %, making the monthly payment at least $1 100 . I had to put in on forbearance last month because I could not afford paying it and all of my bills. At the moment I work as a VFX Supervisor making $42 K a year. I live in LA which makes the living expenses pretty high. I own a paid off car. I’ve paid off a $2000 balance on one of my… Read more »
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[…] Here’s the article I was reading from about young people’s debt and their feelings towar…. The 65+ comments are stunning. […]

John Hall
John Hall
9 years 3 months ago
I went to a state school for undergrad and had no debt after finishing that. I’m 22 years old pursuing a MA in Economics and have about 50k in debt and might take on about 10k more for my last semester if I don’t get any scholarships. I know that I’ll have a lot to pay off, but I follow economics enough to have heard of something called the Permanent Income Hypothesis. I think I’m going to make a lot of money from my investment in education and therefore it will be worth it to take this much debt. I… Read more »
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[…] I Will Teach You To Be Rich » Tell me a story about your debt Ramit asks his readers: “How much debt do you have (and what kind)? How old are you? How did you get into debt? How does it make you feel?” THIS IS WHY I WRITE THIS BLOG! (tags: stories debt pfblogs) […]

Joanna
9 years 3 months ago
My husband and I are both 23 and haven’t been out of college (or married) for a full year yet. We have ~$13K in school debt. We refuse to ever have a car payment, or carry a credit card balance, so right now we’re working to pay off the school loans as well as save about a third of our income toward a first house, which we hope to move into in the next 6-12 months. Only I have a 401K opportunity at work, and we’re funding that to the employer’s match. We figured, if we start right, it’ll be… Read more »
Amanda M
Amanda M
9 years 3 months ago
I am 23 and will be graduating from the U of MN in three weeks. The one thing that has been consistently weighing on my mind is finances. I have been obsessing, reading every blog about money I can, but it simply has not taken much of the worry away. I am graduating with approximately $43,000 in student loans, both public and private (with varying interest rates) and I am currently carrying a balance of about $4500 in credit card debt. Even worse, I worry about my boyfriends debt (over $60,000 in loans and credit cards). I often wonder how… Read more »
Mike
Mike
9 years 3 months ago
I’m 30 years old. My wife and I exited college with 42k in student loans between us. We added a few thousand more from graduate school later on. Last year, we were in a car accident. We had an emergency fund but didn’t use it to pay the insurance deductible for the accident repairs. I put it on my credit card instead. I figured I’d make interest on the float, and then pay it off. Other expenses came up, the emergency fund went untouched, and I didn’t pay the CC balance in full. I got the next bill, saw the… Read more »
Jon
Jon
9 years 3 months ago
I will be graduating from college in about one year. Thanks to my two years of being a slacker, by the time I graduate I will have had to take out $55k in student loans, and thanks to the current administration, the interest rate is very high. I recently founded a Roth IRA account and am funding it regularly. I have met the girl of my dreams and she and I together have sat down and attempted to figure out how we are going to pay for life together. She has additional student loans. Neither of us has Credit Card… Read more »
JB
JB
9 years 3 months ago
40YO single male ~$25k left on consolidated school loan for BFA in graphic design. Currently working as a web developer for a Fortune 500 and running a little web design side business ~$100k left on mortgage, but probably getting another $20k this year in an equity loan to remodel $2k Home Depot card at 0% interest for hardwood flooring (I’ll probably move that to the equity loan before the 0% expires) $6900 left on last credit card – mostly motorcycle-related expenses 4 cars are paid for. 1 truck paid for. Bike is paid for except for the “accessories bill” mentioned… Read more »
Shauna
9 years 3 months ago
23 years old – after a BM in Voice Performance (yeah, singing….useful?) and one year of graduate school living expenses (tuition and fees were covered by an assistantship and scholarship) I have about 30K in consolidated student loans. My father is paying the remainder of my debt from undergrad. I have 13k outstanding on a car loan. Had I known then what I know now, I may not have bought this car. However, it’s a great car that I can drive for another 140,000 miles. And I intend to. No credit card debt. I’ve begun to aggressively attack my debt… Read more »
hl
9 years 3 months ago
I am 23 years old and will finish my MA in Sociology next month. I owe 17k at 3.25% and 8,600 at 6.89%, all from undergraduate loans. Since I graduated from a liberal arts school without knowing what I wanted to do in life, I decided to continue going to school in a field that interested me but not to pay for it. Fortunately I have been able to do this by taking a full-time union job at my university’s library for about 27k/year. Since I live in NYC, that amount is not as comfortable as it might be elsewhere.… Read more »
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[…] Bookmarks: del.icio.us, digg, reddit Over at I Will Teach You To Be Rich, Ramit is collecting stories about debt, and as the first anniversary of my financial armageddon approaches, it feels like the right time […]

Brett
9 years 3 months ago

I’m 27. My only debt is my mortgage, which is currently about $120,000 USD @ 6.25%. Otherwise, I pay off my (2) credit cards monthly, my car is paid for, and I was fortunate enough to have state school tuition paid for by my parents.

As for how it makes me feel…I don’t like owing $120,000 USD, but I keep telling myself it is better than paying rent. I’m sure I’ll feel better once I get a little deeper into my mortgage and see the interest payments level out.

Tracy
9 years 3 months ago
I am 29 years old female. I am currently in $51,900.00 in debt. I decided that instead of going to college full time, i decided that i could also work. Which lead me to believe that i would have money all the time for anything that i wanted. Well as i found out – that is not the case. So finally my living expenses started to out weigh my income and I compensated by using the old credit card. I, being young, thought – well i can pay this off – so i kept charging more. Now my minimum payments… Read more »
Chris
Chris
9 years 3 months ago
I am a 27 years old single male graduate from college. I went to a private college and accrued $45k in student loans. I have $800 at 5% interest, $3000 at ~10% and the rest at 3%. I owe $600 in store cc, and $1800 on a line of credit for taxes. Since I am self-employed I am shooting towards paying off all but my 3% student loan by the end of the year and the rest of the student loans paid off before I’m 30. Although I hae my student loan debt, I am grateful to go to the… Read more »
Chicky
9 years 3 months ago
27 year old female, single $9,600 in credit card debt – which is actually good for me, as I was in over $18k of cc debt just 2 years ago. The interest rates are: 0%, 6%, 7%, and 9%. I plan to have all of my credit card debt paid off by the end of this year. I am extremely anxious to get them paid off! Other: No student loan debt. I lease my car (2004 VW Jetta) for $323/mo. I plan to buy and pay off my car next year. I rent a decent apartment with cheap rent ($575/mo.).… Read more »
jessica
jessica
9 years 3 months ago
Marriend 5 months Me: 27 Husband:24 Debts: -Credit Card $6,700 – My student loans: $68,000 -His student loans: $4,200 -His Parents: $3,200 Income: 72K/yr When I got married five months ago, I had a finacial breakdown when I looked at the debt we we’re going to be carrying. It’s also when I felt like I could start doing something about it because of the double in income. I made a lot of stupid mistakes. I was raised poor and I was told to expect credit card debt and other debt the rest of your life. I didn’t have the awareness… Read more »
Dan Lash
9 years 3 months ago
I just turned 23 a couple weeks ago and I also just went through a period of life changing events. So here’s my current situation: -18k in personal student loans @ 4.75% -18k in parents student loans for me @ 5.75% (I’m assuming payments soon) -16k in car loan @ 6.75% -3k in credit cards @ 11% -145k in home mortgage @ 5.75% -0 in the bank -1k in investments -9k in equity from paid off life insurance Overall, I’m about at -250k net worth. I don’t think it’s such a bad position though, because the house was a good… Read more »
Anne
Anne
9 years 3 months ago
I am 27, engaged, a grad student with no debt. I got my first credit card at age 22 because I had no credit history and I wanted to buy a car. (I ended up paying cash for it, although I am still using the credit cards to build up a credit history.) My fiance is the same age and racked up several thousand dollars of credit card debt by the time *he* was 22. Since he quit the credit cards cold turkey, years before I met him, I helped him pay it off. He still has about $60,000 of… Read more »
Law school student
Law school student
9 years 3 months ago
I was blessed to graduate from a fantastic college with no student loans, but I must say that taking on law school debt has been the best thing for me in terms of teaching me financial responsibility. Before I applied to schools, my husband’s and my income — about $60,000 in all– covered our living expenses and credit card charges, but we never seemed to save anything. Last year, however, we began saving with gusto and managed to squirrel away $20k for my education. This year, we’ve taken out the full amount of loans for which I qualify, $53,000, but… Read more »
Pabss
Pabss
9 years 3 months ago
I’m a first year student in grad school, getting my MBA and have an undergrad degree in biotech…I currently have around $50,000 in student debt and I have forecasted a total net present value of my debt to be around $75,000 when I finish…I also was foolish enough to take out an $10,000 loan to get a motorcycle because apparently my ‘debt’ counts as ‘good credit’ and since i’ve been dying to get a bike, they allowed me too…so now I pay off my motorcycle interest payments with student loans…interesting huh? but I took that financial debt leverage risk because… Read more »
Jenny
Jenny
9 years 3 months ago
I am 27 years old. I graduated with my undergrad degree with no student loan debt and a tiny amount of credit card debt that was paid off as a graduation present. That was 5 years ago. I spent a year volunteering for a pittance of a stipend ($850 a month GROSS) and using my credit cards to buy food and other necessitites. Then I went back to college to get my Masters in Teaching – another year of no money, living off my credit cards AND adding almost $30,000 in student loans. I now have roughly $25,000 in student… Read more »
Vince
9 years 3 months ago
I am 28 and have zero debt. My wife is the same age and is also debtless. We don’t own a home yet. We don’t owe anything on our credit cards (we pay them off every month.) We don’t have any car payments, both of our cars are paid for. We don’t have any student loans. While I was fortunate to have my parents help pay my tuition (I supported all my other expenses including housing/food) she had to take out loans for her last 2 years of school. These loans were paid off within 3 years of graduating. Neither… Read more »
Christina
Christina
9 years 3 months ago
My husband and I are 30, we have one small child and another on the way in a few weeks. Income: $48K (I currently work part-time, partially because we can’t afford daycare, and partially because I’m back in school going for another degree.) Mortgage: $138K @ 5.875% Student loans: $40K combined for both of our degrees Car loan: $8K Credit cards: $7,300 We had a plan when we had our first child so we wouldn’t fall into debt, but we didn’t count on my job going through layoffs and me having to find other work (I was a telecommuter, so… Read more »
Dan
Dan
9 years 3 months ago
I am 24 with $25k debt. $15k left on my car loan (5.39%), $10k left on my student loans (5%). I have two bachelor’s and a master’s from a top engineering school. I would like my debt paid off, but it does not bother me much. Instead of paying it down faster, I am maxing my retirement accounts and saving the rest in a 5% savings account. I have enough in the savings account now to pay off the car completely, but I read that it’s better for your credit score if you don’t pay your loans off entirely less… Read more »
Brooke
Brooke
9 years 3 months ago

Here’s a story of someone with just a little bit of debt.

I’m 22, and graduating from college in a month. I have no student loans because I was lucky enough to have free tuition. I have about $1000 in credit card debt, which I racked up after my summer job ended and when Christmas came around. I’m not really worried about this debt. I can work a few odd jobs (like petsitting) over the summer to pay it off. Cheers (and reading the comments makes me realize how lucky I am.)

Eva
Eva
9 years 3 months ago
I am 26, I graduated from law school nine months ago. My grandmother, God rest her soul, left me a $100K life insurance policy when she died my second year of law school. I used that to pay down all my undergrad debt and about 5K in 0% credit card debt. Without that money, I don’t know what I would have done. I graduated from law school with $95K in student loan debt, and I took out $25K to buy a car (neccessity). I make over 100K and have paid down the higher-interest student loan debt to $50K, but I… Read more »
Flora
9 years 3 months ago
I’m 31 and my husband’s 29. We have about $25K in credit card debt and $60K in student loans. We’ve paid off about $12K over the last year. We’ve set up a good payment plan, but it’s going to take a few years. In the meantime, we can’t buy a house, or really do much of anything. Our standard of living is way below our peers. The worst part is that we feel like we’re ready for a second child, but can’t afford it. This really stinks because I’m not getting any younger. The longer I wait, the more dangerous… Read more »
Nicole Rene
Nicole Rene
9 years 3 months ago

I graduated college with NO debt – worked my way through school (it was even a Private Institution!) However, when I graduated I was socked with $15k in credit card debt due to massive dental work I had to have. You cant plan for that! As I am drudging myself out (only a little bit left) I am realizing the importance of an emergency fund – regardless of where you are in your life. Stuff happens!

T
T
9 years 3 months ago
I’m young, so I’ll start with my parents. I didn’t realize it growing up, but my dad was pretty out of touch with the reality of “yes, you have to pay off what you put on a credit card.” When I was in middle school and early high school, my parents were convinced to join Amway (not a good choice, especially for their personalities). They were very open about it having caused them to run up $6K on the credit card(s?). Neither of my parents finished college (though my mom is working on it right now), so they borrowed against… Read more »
neha
9 years 3 months ago
Wow. These comments are really interesting, and it blows me away to see what kind of debt people have to deal with. But to be honest, I’m perplexed. I see people pursuing graduate degrees that might not help their future earning potential, or continuing to live a consumer-driven lifestyle, while still carrying massive credit card debt (the worst kind!) I graduated college debt free due to the kindness of my parents. I went to a liberal arts institution, but when it came time to decide what to major in I added what I perceived to be a “useful” field in… Read more »
Teri
Teri
9 years 3 months ago
Very interesting stories to read. Seeing a couple of good debt stories, figured I’d add my two cents. We have a $215k mortgage in California, on a $600k house. I love this debt, as it has locked in a low price of housing in a VERY expensive area. The purchase price was closer to $300k in 2002. But anyway, in our younger years we paid down a lot on our mortgage and these days we really don’t see the point with such a low fixed interest rates and having such low housing costs in general, for the area. We have… Read more »
fanofsteel
fanofsteel
9 years 3 months ago
Wow, I’ve always known there were people with similar problems as mine. I’m glad I’ve found this site, however I wish it had been available 15 years ago. As a teen, I always had good credit. I lived in a small town and my family was well known, so I had my own charge accounts at the gas station, grocery store, hardware store, and so on. I worked hard and I always paid the account when I got the bill. My first experience with debt came about the fall after I got married. My wife decided we needed living room… Read more »
Chris
Chris
9 years 3 months ago
I’m currently 23. My parents sent me to a private university through the money of a few rental houses I maintained. I still maintain them and give all the profits to them. I worked full time to pay for all my living expenses, including books, food, etc. I went to full time school and graduated in 3 1/2 years. I have saved over 17k in retirement funds (401k and Roth IRAs). I have saved over 25k and put them all in short term cds in hopes of buying a house. I have been working at my job making 50k for… Read more »
Marie
Marie
9 years 3 months ago
I found myself pregnant my last year of graduate school. My husband, 3 years my senior, has a 3 year late start in school. So I finished in 2005 and he will finish his masters in 2008. I have 32k in loans for my degree. We will have 23k for his. Our second baby is coming tomorrow. 3 months ago I felt like we were in financial armageddon because I calculated how long it will take to pay off the 55k in loans. My loans have a 1.625% interest rate but its the principal that is killing us. We live… Read more »
Jill
Jill
9 years 3 months ago
I’m 28 with a BA in Hisotry. Graduated from a 4 year private university which, in retrospect was not the right place for me. I have about 30k in student loans (I haven’t run the numbers in a few months so it might’ve dipped below that number I hope I hope). I could’ve gone to a huge public university for free, but I’d rather be in debt for a good education than not in debt for a mediocre one. Just paid off about $4k in CC debt that had started accumulating when I was living abroad. Took me about a… Read more »
Jaime
Jaime
9 years 3 months ago
I am 25 and am trying to be debt free. My husband and I have 21k in student loans, and 190k left on our mortgage. I just quit my job to be a stay at home mom. So far we paid off 48k in debt, including two cars, a small student loan, credit card, and a HELOC. We paid all of that 48k off in about 18 months. Now that I no longer have a job (which dropped our income by more than half) it will be a lot harder to pay off the last of our debt. But I… Read more »
AKK
AKK
9 years 3 months ago
I am an immigrant in this country, came here to study 7 yrs ago. By the time I graduated, I had $20,000 in debt. Most of the credit cards I had were used for paying my tuition. I dont remember ever spending for something which I didnt feel was necessary. Out of college, the job market was pretty bad, it took me a while to find a job, and hence I missed some of the credit cards payments back then. That was an aweful period, feeling of being broke, no sense of security about future. It took me 3 yrs… Read more »
LM
LM
9 years 3 months ago
I’m 31; husband is 45 and brought a LOT of consumer debt (about $50K) into our relationship. We have paid down $35K of that over the past five years. Our consumer debt is still around $28K. I have about $30K in student loan debt (I have a B.A., two Master’s, and a Ph.D.). We racked up some of our consumer debt during the lean years of grad school–mostly spent on moving, car repairs, dental work, and vet bills. Our debt worries me a lot. We have taken steps to pay it down, but each month we barely break even–even though… Read more »
kris
kris
9 years 3 months ago
With the tax deposit refunded overnight, I paid off the last of what had been better than $26,000 in credit card debt this morning. It took 3 and a hlf years and let me tell yah, it feels good. Damned Good I still have a $5,500 401K loan to pay down, but at least I am paying myself. Now I will park what I had been paying towards the card debt in an HSBC savings account until I build up the lump sum to pay it off. Goal for that is December. I found it vital to establish concrete goals.… Read more »
Addy
Addy
9 years 3 months ago
Wow! I am shocked by all the debt stories. I guess mine is much more positive. I’m 24, female, single, and living by myself (no roomates) in a high cost area (SF Bay Area). I have about $15k in retirement savings, and about $25k in regular savings. I do have some debt $2.5k in 2.5% student loan, $13k in a 1.9% car loan, and about $9k in 0% credit cards. I have enough money to pay off all of my debt, but choose not to since I’m making 5%+ on the money while it sits in savings accounts. I make… Read more »
janecityny
janecityny
9 years 3 months ago
Wow – great stories! I’ve got a doozy that should help everyone feel good! Husband & Wife – early 30s Total debt: ~124K ! Why does this not keep me up at nights? Well first, 2 yrs ago it was much worse (IRS bills, high interest rates, etc), so progress always helps! Second, 17K is student loans, locked in at @3% Third, 55K is business debt (we own a small internet dev biz) which will hopefully be paid off in the next 10mths Finally, our personal debt is now under $50K with most on 0% CCs. Do I still worry?… Read more »
PH
PH
9 years 3 months ago
I am 34, single, and $6,900 in debt (grad school loans, paid down from $18,000 over four years, while working full time trying to finish a PhD). On the plus side, I have $65,000 in a 401k, $29,000 in mutual funds, $20,000 in savings and $3,000 or so on average in checking. Car with only 30,000 miles paid in full. The 401k gets fed 15% of my pay each month, with another 5% match. The mutual funds get only $200/month; savings, $500; and about $400-$500 towards the student loan each month. I am saving to buy a home, use coupons,… Read more »
BxCapricorn
9 years 3 months ago
I have no debt. I have never had any debt. My father was a working class guy that paid cash for everything. He taught me how to invest in stocks. I help others do the same. I don’t promise to “make you rich”. I promise to change your way of thinking about money and lifes little challenges. I am not a guru. I simply run the numbers and show you how I did it, as I do it. I have no links to try to make money from my blog. I don’t view you as a potential click-for-cash. I have… Read more »
Guns
Guns
9 years 3 months ago
Bunch of fuckin crybabies. You should have thought twice and spent once. I have debt, I own a house in Vegas so it’s a couple hundred grand. Something else I have is….a ton of money, cash money. I’m a money making machine. The best advice for any young person is get rid of all credit cards. If you don’t have cash you can’t have it even if you need it. Don’t get married and don’t have kids until you are debt free. Learn how to make money. Stocks, mutuals, whatever, just make money. People who say money isn’t everything are… Read more »
Todd Michael
Todd Michael
9 years 3 months ago
It blows my mind seeing the education debt people rack up these days. Makes you wonder the value of a degree if it cost you a mortgage-sized debt when you graduate. I worked part time and went to a public university. My dad gave me $50 a week to help out and I graduated with $3,000 in student loans. At one point in my life my wife and I carried $250,000 in total debt – mortgage, home equity loan, vehicle loans, credit card debt. It was stupid, we were making very good money and still spending more than we earned.… Read more »
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[…] Debt Stories(iwillteachyoutoberich) I have $50k in college loans. ~14,000 is at 4.5% interest and is actually a loan my mother took out for me, that i am taking responsibility for, the rest is at 3% interest. ~$400 a month in payments Payments total . I also have $5000 in credit card debt, paying ~$300/month…but it never seems to go away lol […]

Sophie
Sophie
9 years 3 months ago

I graduated from an Ivy League law school a year ago. I make about $80k and have about $70k in federal loans at 4.5% and $60k in private loans at about 7.5%. I pay the minimum on the federal ($500/month) and as much as I can on the private (about $1500/month). I don’t enjoy thinking about the fact that I owe $130,000 but I have no problem making the payments and my degree allowed me to get a job I really enjoy. So overall I think it was worth it.

Tanner
9 years 3 months ago

I have a fancy wedding coming up in Vegas and I refuse to get myself into a massive amount of debt for the rest of my life, so we are doing a bunch of fundraising ideas to reach a savings goal of $5000 for our wedding. Too much debt is scary.
Saving for a Wedding

Working Toward Freedom
Working Toward Freedom
9 years 3 months ago
I’m 30 and my husband is 38. I attended college and had scholarships that covered most of my tuition. I left college with $3000 in student loan debt that I paid off soon after graduating. Unfortunately, I succumbed to the temptation to sign up for credit cards while in college. I did have a part time job at the university bookstore, so my credit limit was $500. I spent more than I should and eventually reached the point where my paycheck barely covered the minimum payment. I missed paying the minimum by a day (payment mailed too late) and the… Read more »
Terry
Terry
9 years 3 months ago

I earn minimum wage and have almost $10K in student loans, plus about the same in credit card debt which came from pulling cash to make student loan payments (in an ultimately futile attempt to avoid default on the student loans) and a business startup which ultimately failed due to an extended illness and ospitalization.

I have never made much more than minimum wage, and I have no idea how (or even IF) I will ever get out of debt.

Russ
Russ
9 years 2 months ago
I’m 35. Married 9 years, two kids. Family income is about $110,000. We owe about $145,000 on a first mortgage of a house that’s probably worth 3X that, so we decided to fix it up with a home equity line. New bathrooms, kitchen, windows and roof later, we’ll have spent about $100K on the HELOC. I don’t like the additional debt, but the rise in value of the house makes it possible. First mortgage is in year 4 of a 7-year ARM at under 5%. Some time in the next three years, we’ll probably roll the HELOC and mortgage together… Read more »
Mike B
Mike B
9 years 2 months ago

28 years old. $161k in student loans. About $100k is federal consolidated at around 5%. Made the mistake of thinking that a second-tier law school in the Bay Area would be worth it. I’m second guessing that decision. I and most of my colleagues don’t have job commitments after the bar exam this summer. Not looking forward to loan repayment while doing temp work. And big firm or Ivy-educated young lawyers think they have it rough? Please.

boomie
boomie
9 years 2 months ago
Here is a story from a parent who couldn’t qualify to take out a loan for child’s college education. I owned my own business which failed in 1987, so I had to file bankruptcy. Due to that, I could never get a loan or credit card again for almost 15 years. So, my child had to apply for student loans. When child graduated in 2003, child had over 50k in student loans. It was a heart breaker. The good news is that child went to the college and career of child’s choice. Not like me. My parents forced me into… Read more »
Larry
Larry
9 years 2 months ago
Debt from college started with $15,600 and now with interest it is $20k due to insufficient funds, WOW. I have an IT degree and it took time to get due to economic downsizing in 2002. I have credit card debt right under $5k and a SUV payment at $460 a month. No more worries from this day forth. I pay myself first by increasing my assets and decreasing my liabilities. That’s life in simple terms. Now, the funny part I never made a loan payment due to no job at the time with my credit score between 660-700 in 2007… Read more »
AmericanLady
AmericanLady
9 years 2 months ago
Unless the US provides choice and access to medical care to every citizen, it is very difficult for the citizenry to maintain solvency. In addition to this, the credit agencies and the public perception that credit scores matter are things that do not serve us.I had excellent credit at one time, and acquired a debt of over $200,000 on credit cards due to health issues that prevented me from working. The debt was comprised of living expenses, not medical expenses and covered over 5 years. The majority of that debt is out of statute, but I now have $12,000 of… Read more »
Jasper Ghost
Jasper Ghost
9 years 2 months ago
We’re better off than most families. We were lucky in our real estate deals; selling one home on the west coast at the top of that market; but then we bought our new home at the market peak in our current town. Due to the cost of living differences, we still came out ahead in that deal. We currently have no credit card debt (we converted it into a 8.5% interest equity loan) and no car payments. We have a 30yr 6.25% mortgage that is approximately 50% of the value of the house. My wife and I have lived in… Read more »
Zian
Zian
9 years 2 months ago

I have another anti-debt story.

My parents are paying for my tuition for undergrad so my debt is $0 from there.

I have a credit card linked to my parents. Virtually the only things I put on it are public transportation costs (I don’t drive). It helps that they are constantly auditing it to keep me careful.

For small expenses (laundry, small food purchases, etc.), I pay with cash using the dividends I get from my investments.

Current debt level: $0

julius
9 years 2 months ago
I think a comparison of me and my partner sheds a lot of light on the problem with borrowing to pay for education. I got a BA from a good University. I owe about $22k on student loans and about $6k on other debts I got while going to school. Now I make about $50k-$60k a year at a good job. My partner dropped out of college, and has no debt at all. He makes between $35k-$40k working at a coffee shop. Yes, I make more than him and have a good job, but after taxes and all of my… Read more »
julius
9 years 2 months ago

To they guy who says that “stupid people have debt” — I would point out that the majority of debt described in these comments are student loans.

And the people who went to Ivy League Universities are leading the pack.

JohnathanR
JohnathanR
9 years 2 months ago
I graduated 4 years ago with over $40,000 in debt from a prestigious Ivy League university. I consolidated the loans and pay 3.25% interest on them. I work for a hedge fund on Wall Street and made over $500,000 last year and will make much more this year. I could never have gotten my job without going to a top Ivy League school. By the time I’m 30 I’ll have a couple million in the bank. Anyone who thinks college loans are a waste and you should go to a lesser college is a fool who will one day look… Read more »
Shana
Shana
9 years 1 month ago
I’m 33, married, and owe about $900,000 in mortgage debt – $600,000 for our house outside Boston and $300,000 for a two family we rent out. My husband and I make about $280,000 a year between salary, rent – fortunately it is enough to max out the 401ks, pay mortgage and taxes and keep an emergency fund. I also pay an extra $500 a month on the house mortgage. I went to public school with scholarships for college and medical school, and was able to pay off my $16,000 student loan with money I managed to save during my residency.… Read more »
Katiya
Katiya
9 years 1 month ago
I am 36/female/childless and live in the Seattle area! Basically I am debt free minus $2000 in cc debt. I just transferred that to a no interest credit card and cancelled the other card. I will have that paid off by August 2007. I went on scholarship to a great university and paid off a decent car in a pretty short amount of time. (Bought my parents 1998 Avalon for blue book value! I don’t care about having a new car anyways. Pointless) Best thing anyone can do is save for retirement, invest and graduate from a great university. Also… Read more »
Kate
Kate
9 years 1 month ago
My debt threatens to drag me under, every day. I owe $35K in credit card debt as well as $13K for a loan, which was originally intended to get me out of debt. I moved to a new state this year, for a relationship, and have been unable to find work- even minimum wage. I’ve worked a few odd jobs here and there, but my total earnings this year are around $5K. About $22K of the debt was incurred this year, for living and medical expenses. I also owe about $9K on my car loan. I just got a job,… Read more »
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[…] More stories from iwillteachyoutoberich readers about their debt. […]

What
What
9 years 19 days ago

Thanks for the anti-debt advice, Zian! I will just call up my parents about paying my student loans and start using the dividends from my investments for cash! Why didn’t I think of that before?

Hey BxCapricorn and Guns, I’d rather be in debt than be an asshole. If these comments are so pathetic and dumb, why are you reading them? Isn’t your time valuable or something?

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[…] I Will Teach You To Be Rich encourages his readers to sound off their own stories – and many of their experiences on debt are […]

Jacky
Jacky
9 years 14 days ago
Hi, I’m 29 married with a wife, 28. We are currently residing in Australia. Before Australia, we are living in Singapore. We have about USD$5,674.89 in debt, but they have been refinance (balance transfer), so that the interest is about 2.5% per year. These debts incurred as migration cost to Australia. We also bought a 4 bedroom apartment (in Singapore, 80% or more lived in apartment), and rent it out. The reason why we do it is the rental is more than enough to cover the mortages + misc fees. Housing interest is about 3 to 4 % pa, rental… Read more »
ec
ec
9 years 12 days ago
I’m 22 and just starting grad school with a $30k/year stipend. In student loans, I have $5500 at 6.8% and ~$9k at 4.875%… once I get the paperwork straight to get them back into deferral, I will probably just work on the smaller one with the lower balance if there’s anything left after credit-card debt, fully funding a Roth IRA, and rebuilding my emergency cushion. At the beginning of senior year, I had about $5k in savings, but between reduced financial aid (due to parents’ income increasing), slightly higher living expenses, fewer hours available at my job, over $1000 in… Read more »
Dangerman
Dangerman
9 years 11 days ago

I’m 26, and my girlfriend is 28.

I just graduated from law school with $155,000 in school loan debt. She’s in medical school with some $400,000 in total school loan debt (med and undergrad).

I like to joke that if we won a million dollars in the lottery we’d pay off our loans and buy a candy bar.

I think for not being foolish (and not counting mortgages)… I win.

mary
mary
9 years 9 days ago
I’m 35 and married (husband is 36). I make a little over 100k/yr and my husband stays home full time with our kid. I own my own business and have a regular 9-5 professional job (so I work 2 jobs total). I graduated from grad school with 30k in debt. When I was 26 years old and fresh out of grad school I made some smart investments (ie I bought a house) and made $150k off the sale of it. I then paid off my student loan debt (never had credit card debt) and reinvested the rest of the money.… Read more »
mary
mary
9 years 9 days ago

BTW-anyone who says that you have to go to an Ivy league college to be successful is full of crap and needs to read up a little more about who the millionaires in this country actually ARE and where most of them actually received their educations. Don’t believe this utter BS. The biggest predictor as to being a millionaire is *owning your own business* not going to an Ivy league college.

anon
anon
9 years 9 days ago
Little different story… I dropped out of college (relative paid tuition) because all the IT tech support jobs kept getting in college would close shop and move to India. Joined the army and got out, had no where to go so i slept in my car and showered at the university gym (apparently I’m a gym member for life paying tuition for years). Got a low paying sales jobs, rented a couch for $100/mo, got a second sales job and rented a room for $350/mo. While doing business-to-business sales I walked in a real estate office and sold them a… Read more »
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[…] For more on this, check out the 130+ unbelievable stories about debt from iwillteachyoutoberich readers here. […]

HumbledByDebt
HumbledByDebt
9 years 6 days ago
Hi Ramit, Great site! This is a very interesting post. I have enjoyed reading the responses people have given; it’s an interesting psychological study. Sometimes, I want to yell out “Duhh”, and other times I feel guilty because I’ve fallen into similar traps. It’s interesting how my perception of debt has evolved at different stages of my life, and I’ve come full circle to where I abhor debt – it sucks the life out of you, closes options, and robs your peace of mind. To all those who have said that they are fine with their debt, I would suggest… Read more »
Moneymonk
9 years 3 days ago

Now I see why 70% of Americans are broke. 100+ comments on debts. Mainly school debt.

My advice as soon as you get out of school, pay down those loans regardless of how low the interest rate is.

And also do not get financial advice from broke people.

pj
pj
8 years 11 months ago
I am 21, one year from graduating with a master in applied economics and have no debt. Actually I have 15K euro saved, but reluctant to put it in the market at the moment (also with the possible outcome of buying a cheap piece of real estate soon). I am fortunate the system (I live in Europe) and my parents pay for education and living costs, respectively. However, a car, a student room and vacations are not standard living costs. I tackle that by not owning one, tutoring for my student room (and saving 100% of what’s left) and being… Read more »
Courtney
Courtney
8 years 11 months ago
My story is alittle new and i dont know if anything i put online will help but here i go. Okay i am a single mother of two great kids. There dad was just killed in iraq this past month. I got alot of debt that is stopping me from moving outta his parents house but this week Children and Youth were at my house because they found i am am living with someone who drinks alot and who beats his son when he is drunk and he is drunk everyday but i will say he has never put his… Read more »
GazelleIntense.com
8 years 11 months ago

I have some debt, but I’m working a plan to be rid of it. Dave ramseys plan… it works… its not easy.. .it’s hard work, but over time it works.

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[…] Used irresponsibly, a credit card can ruin your credit score and leave you with a high-rate compounding debt. People who cannot or do not pay their statements can face late fees and over a 20% APR (this is about a 22% APY; see my interest rate article on how to convert APY and APR). It’s not hard to fall into bad debt—just read some of the comments (smart) young people wrote to this article. […]

Peter
8 years 9 months ago
I dropped out of college after one year without any debt. I have since been accepted to 3 major photography schools (sometimes without my knowing) but have not been able to attend because I just can’t get a private (read: non-government) loan for any school. My parents don’t make enough to co-sign, and I have very little credit history. Right now I have ~$300 in credit card debt @ roughly 20% interest (which, in my opinion, is almost criminal, and I don’t even have the massive amounts that many/most people have), and I owe about another $2,000 towards a computer… Read more »
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[…] I’ve thought about my student loans (thanks to auto-pay), but I was reminded of them after reading all 141 comments left when Ramit Sethi asked his readers to tell him about their debt. The stories were just […]

Stacey
8 years 8 months ago
Age: 24 Credit Card debt: $0 Student Loans: I have no student loans as I was on a full ride at a public university for graphic design. Miscellanious Debt: $1200 to my parents for my car. Interest free loan that I pay $300/month to them. JUST yesterday I sent off $4000 in payments to my three credit cards, paying off all of them. I had been wallowing in debt from them since I was 19, mostly because I had used them to buy things I didn’t need (two computers, a couch, video game stuff) and also because I used them… Read more »
LePetiteMort
8 years 7 months ago
Hello. I am an 18 year old, hoping to go to universtiy next year, and I am terrified of going into debt. Which is why I’m saving up so I can pay off school fees at the start of term, so I get a 20% discount. I am interested in getting a credit card; not to buy things really, but only for things that require one (like over the phone or online.) But I have a plan so I never have to pay interest – immediately pay it off. Not purchase anything without full knowlegde that I have the availible… Read more »
Tim Allen
8 years 6 months ago
My debt started with CD mail order accounts before I graduated high school and even though I managed to avoid the credit card pit with only $1000 on two cards it was the College “scam” that has my head under water. I attended a private college the first year out of high school at $7000 a term. I came off the streets. All poverty got me was student loans. Disillusionment and misdirection, with a giant whole where mentorship should have been, left me twisting in the wind for 7 years and 5 colleges with 3 different majors. Before I could… Read more »
KJ
KJ
8 years 5 months ago

I have $23,000 in credit card debt that my husband doesn’t know about. I don’t even know what I bought-that is the crazy part. I just want someone to pay it off so I can start over and finally be responsible. It makes me sick when I think about it. I just want to start over.

T
T
8 years 5 months ago
I am 18 years old and so far owe about 4000$ in personal bank loans. I don’t owe any for mortgage or student loans. Although it isn’t that much I still wish I never got myself into this situation. Originally I got the $5000 loan to pay for my laptop and a trip that I would make payments on and expected to only use about 2500$ on but dwindled away another $1500 on useless items.. I now realize that I need to get it paid off as soon as I can. I am wanting to get a new car, but… Read more »
S.J.
S.J.
8 years 4 months ago
My parents always claimed that their folks didn’t teach them how to manage money. And between my father’s ADD and my mother’s depression, neither of them ever seemed able to pull their socks up and take on the overwhelming task of getting a grip on their finances. It was difficult, but bearable in my childhood. But it became unbearable when my father got laid off from his job when I was in undergrad, and decided to pass up all the job offers in order to start his own company. He over-mortgaged the house (which needed increasingly expensive repairs as the… Read more »
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[…] what will happen when her husbands student loan debts become due.  Similarly, a lot of people who commented at iwillteachyoutoberich.com got into debt because of their quest to get an education.  This, of […]

Danielle
Danielle
8 years 7 days ago
Im 22 years old. 23 in September. I graduated high school with a small scholarship for a local college. I went there 2 years and incurred 10,000 in debt. I decided to pursue an arts degree in graphic design in Philadelphia, an hour away. I wanted to get away from home just like everyone else was doing. Now its my biggest mistake. Im just about $100,000 in debt from a school that assured us all that we would easily be able to pay that off. Im making 11 an hour doing graphic design in my home town. I cant afford… Read more »
Nicole
Nicole
8 years 7 days ago

I’m a 33 yr. old, single mother of 2 teenage daughters. I have $24,00 in school loans, $19,000 vehicle loan, and about $8000 in credit card debt. My income is only $35,000/ yr and the debt is overwhelming. I have always used a budget….but somehow that isn’t good enough.

Jaime
Jaime
8 years 7 days ago
I turned 31 in May. Once I hit 30, it really changed my mindset as far as my finances go. I had a rough start financially. I had to completely pay for my entire college education and living expenses since the age of 17. I’ve always worked full time all through school. Living off of a meager salary and commuting to college was very overwhelming financially but I managed. By the time I finished up my bachelors degree, I had $47000 in student loans and $25000 in credit card debt. Fortunately, I am very diligent about paying my credit card… Read more »
Becky
Becky
7 years 11 months ago
Wow. I guess I’m not alone. I’m 28, and I have $60,000 of student loan debt for both bachelor’s (journalism) and master’s degrees. Add to that $7,000 in credit card debt and $12,000 for a car loan. I was so desperate to pay off my loans that I enlisted for a five year term in the military as a broadcast journalist. I paid off my credit card debt with part of my $12,000 bonus, and now I’m waiting for my loan repayment benefit to kick in (the army pays back up to $65,000 of loan debt – one third of… Read more »
anthony
anthony
7 years 11 months ago
First off, i would like to say that is a fantastic blog where people can tell their stories. I am 21 living in Canada. I am currently a student enrolled in University. I have no debt and have money in savings. What i can tell people is don’t live beyond your means and try to save as much as you can, if you can even if it is a penny. Living in Canada helps because health care is covered. Anything can happen in life, therefore, you have to expect the unexpected. People with student loans, have those student loans because… Read more »
Catherine
Catherine
7 years 10 months ago

Hello my gross list is as follows:

Student loans..around 32K..
CCdebt 5100,4100,7800
Personal Loan 20K
car 1-5800
car2-24K
Savings 17K
ed savings 1K
Annual income…95K
We are on a serious get debt free route…we moved from our beautiful home into a shack of an apartment with our two children to get out of debt and provide for them better. We will buy a new home as soon as this is all cleared up…1 year goal for all debt except student loans.

Devildog144
Devildog144
7 years 9 months ago
I’m in the Marines, and make $1500 a month. My only bills are my nephew’s school tuition at $250 a month (my sister and I share the cost), Internet at $50, cell phone at $60, and credit card debt (3000)at $200. I save 20% of my monthly income in an IRA. I plan to extend my tour in Iraq to a year so I can pay off my debt, buy a used car cash down, fund a trip to Europe, and still have enough left over to invest. Before I get out, I’ll do doing another tour so I can… Read more »
Michael
7 years 8 months ago
The purpose of your debt and how you manage it determine the outcome. I am 25 years old and over one million dollars in debt. However, I don’t let it stress me out or bring negative energy into my life. I am young, successful and determined to live the lifestyle I have envisioned for myself by the age of 30. I am using leverage and maximizing the use of the great credit I have earned through consistent payments on mortgages, auto loans and credit cards. I have been blogging for the past two months on some of the current things… Read more »
Jackie
Jackie
7 years 5 months ago
My question isn’t about my debt, but potentially my future debt when I get married. My fiance has 50,000 in loans almost all of his pay check is gone in bills. His situation is complicated: he got a 30,000 dollar student loan. He used 10,000 for school expenses then his mom asked for 20,000 dollars that was left so he wired it to her. She sad she was going to use that money to buy a new car. He was going to use that money for a used vehicle. He still needed a vehicle so he ended up taking out… Read more »
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[…] Originally posted here: Tell me a story about your debt « I Will Teach You To Be Rich […]

amy
amy
7 years 3 months ago
Me and my husband are very much in debt…and no signs of getting out soon. He is the only one working as we have 3 kids and one that has epilepsy and needs tons of time and attention. He brings home roughly 4k a month..we have a mortgage, 2 cars and all of the normal bills people generally have. Then we have our credit card debt. One card is maxed out at 9k….the other is maxed at 7k and then we transferred some debt into a loan that is at 20 k …..we are barely keeping our heads above water…is… Read more »
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[…] This arti­cle and it’s com­ments are quite sad. […]

Darren Novak
Darren Novak
1 year 18 days ago

I’ve been dealing with a couple of credit car debts for quite some time now. I am considering of hiring a debt settlement company. I’ve done my research and I am considering going with CuraDebt (www.curadebt.com).

Has anyone ever used CuraDebt before or heard of them?

Much thanks.

Dania
Dania
10 months 8 days ago
Female, 24 years old, graphic designer I got a credit card in college with a small limit – $1000 – I used it for 4 years with some irregular income. I bought a lot of stupid things but usually the debt was under $500, I used to pay 90 dolars per month or less, but as soon as I paid I was buying something else. Eventually I graduated, moved to a big city, got a job with a crappy paycheck. I paid the full debt once, but the next day I was buying things for christmas. Gifts for everyone, plane… Read more »
litty
litty
10 months 8 days ago
Im 24 years old and from India, Im a graduate, and from a middleclass family,Since we are three girls my dad invested his whole earnings in a sort of business, But he lost everything, We are in about 20 lakhs debt now. I’m not worried that i became poor and struggling to earn for our food but only for my dad, If we are not there he would not have been caught in such troubles. We have lost everything, nothing left with us except our house, that to given as dowri to my first sister during her marriage, we are… Read more »
B
B
9 months 23 days ago

I am 33 years old and I have $62,000 in School loans right now. If I choose to finish my food science degree (I have over 2 years to finish) it will be closer to $80,000+

I have $11,000 in credit card debt.

I am feeling stuck. Helpless. almost paralyzed. I need a way out. I feel like I will be living my whole life not out of enjoyment, but working a job I hate to pay off debt. I feel like I will never own a home or be able to save for retirement.

Dana
Dana
9 months 5 days ago
I’m 23 this year. I work in one of the big companies in my country which people can tell that I got a good pay. The problem is my mother. I was surprised when my sister told me that my mom has more than $100,000 debt, and about $20,000 of it is under my name because my mom couldn’t owe anymore. I know that my family is not rich, but as far as i know, we’re good enough to live comfortably. I knew that my mom kept borrowing money, but not that much of course. Actually I planned on studying… Read more »
amit rai
amit rai
8 months 25 days ago

hi i am amit from india i have old mother father wife and one little doughter our life was g0ling smothly suddenly we trap in debt, Evey time passes in fear and sarrow , Creditor are presuring us. sometime we decide to die what to do please help us now we have nop a money for food or daily uses itm too plesae help me how i come out

SUDHIR KUMAR
SUDHIR KUMAR
8 months 2 days ago

Hi I am Sudhir and I am at present having credit card and loan debts of around USD 70,000 in UAE. I need help from the whole-hearted person who can help me financially to come out of this debt. Due to this debt, I am fully stressed and not able to send money to my family.
Please help.

francis ashley pangilinan
francis ashley pangilinan
8 months 1 day ago

hi im francis from sydney australia, im 28 years old by next year and i’ve lost my job and got $25k aud debt on my personal loan on the bank, im currently looking for a decent job. ive got too much stress on everything that happen on my life this year and dont know where or how to start. please help thanks.

fancysmith
fancysmith
8 months 4 hours ago

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sunny
sunny
7 months 26 days ago
Testimony On How My Life was Transform through the help of a God-sent Lender.. Hello everyone, I am writing this Testimony because am really grateful for what Mason Diego did for me and my family, when I thought there was no hope he came and make my family feel alive again by lending us loan at a very low interest rate of 3%. Well I have been searching for a loan to settle my debts for the past three months all I met scammed and took my money until I finally met a God sent Lender. I never thought that… Read more »
AM
AM
6 months 29 days ago
Ok, here’s one. How about my husband and I started to finally build up a life for us and our two boys, so we bought a mobile home(don’t laugh)and put it on my parents land. For awhile we were doing ok. Now my husbands job is falling apart. The guy he works for never has work anymore and I don’t get paid a whole lot as well. Now we are in serious debt and our bank that we deal with won’t let us refinance and have no remorse whatsoever. We have talked to all kinds of lenders and no one… Read more »
Catie
Catie
6 months 26 days ago
I went to college straight out of high school. I decided to try my hand at programming video games. Well, the best college (so I was told) for this field was DeVry University in Washington. It costs $20,000 per calendar year to attend this school. I had to pay for housing (it was contracted out through the school, but there was no on-campus housing) which was $400 a month for me to share a 2-bedroom apartment with 3 other roommates. After dropping out of DeVry (they told us the success rate was 85%–They did not tell us that meant 85%… Read more »
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6 months 9 days ago

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vickie smyre
vickie smyre
5 months 29 days ago

My name is vickie smyre and I am raising a grandchild.I am 60. I have been raising my grandchild for 9 years.i am in a $ 30k credit card dept.and dance I am in that much dept I can hardly provide for my grandson.the way I got in this problem is my daughters got my credit card and bought almost everything in the store and I have been trying to pay it off over 8 years now.and I still $20k.

vickie smyre
vickie smyre
5 months 29 days ago
My nqme is Vickie smyre .I am a widow and I am raising a grandchild.I am 60. I have been raising my grandchild for 9 years.i am in a $ 30k credit card dept.and dance I am in that much dept I can hardly provide for my grandson.the way I got in this problem is my daughters got my credit card and bought almost everything in the store and I have been trying to pay it off over 8 years now.and Im still paying $20k. I would real appreciate if you could help me out.it would be a big help.
vickie smyre
vickie smyre
5 months 29 days ago

Wrong one

Brenda
Brenda
5 months 23 days ago
Unbelieveable!, I want to share my review on Dr Adams.. I was being treated badly in the company where I work all because I took a loan and I have to work for it for so many years. I was living with depression all because of the loan and the way the company was treating me. I spoke to a friend about it and she introduced me to Dr Adams that he will help me clear the loan and the company will start doing whatever I want or asked for and I can also request for another loan. At first… Read more »
Krishan
Krishan
4 months 29 days ago
Hello krishan from india . i had the business of chit fund . was running for last 6 year. One of my friend also run the same . before six month he and me donig well in this business from where we collect money from each other and then give it to who have need of money. My my one friend own maximum. Money and he left the place. Now i am hwre to face everything. I haveno. Money left and nothing to pay. I m 32 years old and dont no any other work. I have 3years child. I… Read more »
Vijayaraja
Vijayaraja
4 months 10 days ago
I’m working in a Private company. I’m having around 25 lakhs debts. My father and my brother is whole responsible for whole debts. Running business Initially they have got very few amount in the neighbours and private financiars after 20 yrs which was grows more than 25 lakhs. Which was keep on growing so i pludged the small land document in the bank and got 4 lakhs after that i got 19 lakshs personnel loan in different bank and settled the whole amount to the creditors. I’m earning some amount which is not enough to run my family and paying… Read more »
James Adams
James Adams
3 months 17 days ago

do you need a loan of 3% to start up a business or to pay your debt contact us right now on our private email(powerbankloan@yahoo.com) for more details

Camilla
3 months 3 days ago

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Daniel Buttigieg
2 months 7 days ago
I’m 19 and jobless. I worked as an Apprentice Boilermaker, Heavy Fabricstion, Structural Steel & Railway work. I already had a messed up life, money wise, emotionally, personally, family etc … I was depressed and just constantly wondering why I was waking up with a girlfriend I could barely support a family who could barely support themselves let alone each other. Just so many problems. But with a new job finally on books & properly seeing as I worked since I was 12 Years old to get everything I own n have today, whether it was was, helping neighbours, mowing… Read more »
nyala louise
nyala louise
1 month 10 days ago
TESTIMONY ON HOW I GOT MY LOAN MIRACULOUSLY FROM CUSMOSE PHINA COMPANY Hello Everyone, I Nyala Louise a single mom from dudelange in Luxemburg, i will like to share this great testimony on how i got my loan from Cusmosephina Company when we were driven out of our home when i couldn’t pay my bills any more, After been scammed by various companies on line and have been denied a loan by my bank and some other credit union i visited. my children were taken by the foster care, i was all alone in the street. Until a day i… Read more »
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Kim
Kim
1 day 2 hours ago
Hi everyone here. What Christine Coleman said is very true though i may not know her. I experienced it first hand also. It was this organization called fidelity loan Finance (f.l.f)that really helped me to pay my medical bills when i was in dare need of money because i am a widow. A friend of mine also directed me to them. when i was about to do a major operation and i had no money at that time, they came to my rescue and in less than 48 hours, i got my loan. But to say the truth, i was… Read more »
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