Do you have a lot of debt.

My debt isn't even three grand but what gets me about it is because of it, I can't get a new bank account. I even have debt still on my credit report from companies that aren't even around anymore. I thought that was going to go away..guess not..I tried to fix it so I could eliminate my debt but it seems a little complicated..

i seems society has been programmed to accept debt with open arms as a way of life. still, i understand some people don't have much of a choice.

I have a lot of student loans. It stresses me out a lot because I am still in school and don't know if I would be able to find a job when I graduate. The loans are already ballooning because its charging interest and I'm really worried that I wouldn't be able to pay it off when I graduate or even be able to make payments. My professors try to comfort us by saying that the economy should be better by the time we graduate but we are not calmed by that...

I have been in debt in the past with credit cards all usually due to Christmas shopping and new clothes for school for my girls. Now though they are grown and out of the house. Being able to buy two homes at different times and selling them each I have no credit card debt Thank GOD! It is the worse thing to deal with when you owe money to anyone. Now living in a home that is paid off it is freedom. I only use one credit card when buying online and at Christmas time and then I paid it off the same month. No finance charges, no ongoing balances. The worse thing anyone can do is have several credit cards max out and then paying finances charges every month on top of it.

Luckely I dont, I dont like credit or debt. Never have. I pay for everything.. If I dont have enough for it, I dont get it. I have several company credits here in my cafe. i charge one day, and pay them the next day. Never liked to owe.

In nowdays to worry about your debt sounds so outdated and old fashion to me you cannot believe it. In the past when you could be arrested and sent to prison for your debt I understand it but today ??? Looks around. All the governments in North America and Europe are in debt up to their chin. Do you think they worry of it much. No they just accumulate more debt each year. If you managed to accumulate a lot of debt you should be proud in the modern world. Nobody is going to punish you. To be a bankrupt todays sounds as to be a hero for a person. If you do not see it really then try it again and again until you come down from the sky to our real world. Look at bankruptsy statistics and you will realize how one should treat its debt. If you feel some discomfort with your debt just work on yourself. It is very difficult to be better then your government because it is them not you who sets the rules. Personally I know some great bankruptsy stories which I personally watched at my previous work. People had written off 50-70K of debt and in half a year or so were clean with a new credit card.

The biggest debt that I have right now is student loans for school. Its really troubling that I have racked up so much debt and have not finished school. Right now, I don't think I will plan on returning because I am having a hard time justifying going to school. I keep hearing things about finding a better job, and move your social standing up, and becoming a more productive member of society. Right now, at this point, I no longer see the benefit of a college degree, especially when people are struggling to find jobs in this economy. I don't know if it is the burnout that I have from school, or my view point of things have changed. A lot of things have occurred to make me feel this way. Sometimes, I wish I had not tried to get that degree, and could have ran up the debt for something more useful, which I could have returned. Another issue that I have ran into was the amount of debt I racked up from being unemployed. Bills suddenly piled up, and I am still paying those things down. What's interesting is that I was using the unemployment money to pay down my debts, but now, I must fight unemployment because they feel I wasn't supposed to received the money. Nothing I have done was due to living outside of my means because I make sure I don't go outside of what I can afford.

I have some debt myself (mostly student loans) that I am hoping to pay off soon. I have one credit card that is 6 years old and will fall off soon. I know Randy has more debt than me (medical) and we are working hard to pay that off as well. I am hoping that my online business will take off soon so I can start paying it off. I found a program that will help me pay off my student loans.

For me, it's all about the monthly bills and the monthly payments that have to be met or else. It is really a heavy weight to carry.

Debts makes the person mad and until your debt get repaid you are always under tension. Debt makes your life run under pressure. Thanks god I am debt free

I don't have any debt and I never want to get into debt.

That is one thing I try to avoid. Coz I really do not have the means to pay it back. So to be safe, I woud never have anything that is not within my budget or something more than I can earn.

I don't have so much debt, just a few. I have house rent, handphone prepaid cost, electricity and water bills, meal cost, internet cost and public transport cost. Yes, eventhough I don't have a lot of debt, but I can still feel the tension. I will always make an effort to cut down debt whenever I can. That is why I stay away from credit card and money lender. They can kill me faster.

Debt is always tormenting when there is not enough resource to pay it off. So I hardly incur debt. If I need to incur any debt then I find out a plan of how I will pay it to my best. If the plan is not possible then I usually leave it. Better I try to enjoy a debtless life.

No dear i have no debt at all, i am blessed have enough money i earned from my job as professor, i get a decent amount from pensions.. Thanks for this discussion.