Credit card debt: poll

luckat

I keep reading that the Irish have the highest private debt in the world. How much do you owe on your credit card? (And do you pay it off fast?)

BroomBurner

Don't have one. Don't believe in spending what I don't have.

Gummy Panda

I currently owe 100 euro cause i bought this. no plans on buying anything major so pretty much debt free for me.

I pay off everything that I buy on my credit card on a daily basis, so €0 for me.

dr.bollocko

Huehuehue. Isnt it because of all the home owners? I think the british have the highest rate of credit card debt in the world.
Me, I still got some holiday payments waiting to pay off. Really should do that.

Sabre0001

Try not to owe so make the effort to either have money on the card pre-purchase or lodge money soon after a purchase....Can't really afford to make purchases anyway

Loopy

I owe €1000 having just cleared it completely 3 weeks ago:eek:

Im contemplating cutting it up - they are just so goddamn handy:(

eddiehead

I owe zilch, nada , zero

It was hovering around €1500 for a long time there but I cleared it last week

Mena

Well, well over 10k

Delirium

Owe a little over €600, but at the same time my credit limit is only around €850.

AlmightyCushion

It gets paid off automatically the minute it's due so I guess that makes it zilch.

Tha Gopher

Nothing. I hate using them to the extent that if Ryanair had some office in town where you could pay in cash Id much rather fly in and get my printed documents rather than the hassle of entering card details myself.

And they deduct a fiver or something per month for merely having a card I barely use, only have it for booking flights.


People who buy groceries or drink in the offy using a card and holding up the queue should be executed via electrodes wired to their nads.

emeraldstar

No credit card, thank fook. Would not be a good idea!

irlirishkev

I owe nowt on my credit card. I never buy anything on it unless I know I can pay it off pretty quickly. Been that way for about 8 years, since I had to take out a loan to pay the damn thing off..

Zangetsu

credit cards are bad. 650 in a week of gettig it lol...

LEIN

Just under a grand was a hell of a lot worse nearly on top of it then i will be taking a scissors to the fcuker.

marti101

Nothing i wouldnt trust myself with one

Bendihorse

Around 200 Snots. They increased my limit to 1k without asking me once upon a time, i called up and asked for it to be reduced back to E400. I only use it on line so if any Scummy Scammer steals my details, they aren't exactly going to retire off my card

Mine is payed off in full at the end of every month by DD. Banks hate people who do this as it means you get 1 month free credit off them as you dont pay any interest. Which means they dont make any money out of you. Its about the only little one up your ever going to get on a bank in your life so my advice is to USE IT!

If im ever put on a monthly salary i think ill be using my CC as my everyday shopper. Pay the balance off in full at the same time your wages come in. Free credit for you, and as far as i know theres no transaction charge on your CC, unlike Laser who charge 20 or 30c per transaction (or something in that region)

fifth

About €650 its been this way since christmas just have not cleared it yet. Will clear it bit by bit slowly.. over next few months

SV

Not a thing!

ejmaztec

Only a few hundred on mine. I never carry any cash at all, which is quite handy when a chugger is looking for a handout. I tell them that if they've got a laser/visa terminal in their bag, I mighty give them a few quid, but they haven't caught me out yet.

DefenseSoapEire

I always pay it off the same week I use it.

faceman

This thread is invading my privates privacy

biko

I use it for work expenses so can be out 50-5000 euro at any given time but get them back quickly enough from the company.

LEIN

ejmaztec wrote: »

Only a few hundred on mine. I never carry any cash at all, which is quite handy when a chugger is looking for a handout. I tell them that if they've got a laser/visa terminal in their bag, I mighty give them a few quid, but they haven't caught me out yet.

Lol they might bring you to an ATM instead!

gurramok

I myself is not in any debt(phewww ) but i do know people who have CC debt up to their eyes.
And yes, we have the highest personal debt in the EU(€368bn+, explanation at http://archives.tcm.ie/businesspost/2008/06/15/story33690.asp for those who are interested in this subject and are still sober )

So every person in this country owes about €94k, start coughing up!

NotInventedHere

Owe about 5k will pay it off next month . Credit limit is about 17k .

aviendha

Paid off at end of month DD with wages, so zero. Never carry cash (except on a night out) so will have up to 1000euro of purchases racked up each month... even having to pay the 1euro interest the odd time I use it abroad to get cash galls me!!

Stephen

I pay it off in full every month. I really just use it for buying stuff off teh internetz and when travelling. If I'm buying stuff in Ireland its cash or laser all the way.

6ix

Pay it off in full very month, except for perhaps the month when I've come back from holidays, or else made a very large purchase on the card. I've had one for about 3 years, and paid about €30 in interest that whole time.

I really can't understand people's lack of discipline, and that they "wouldn't trust themselves" with a credit card. They're a great utility if you just use them right.

ejmaztec

damo9090 wrote: »

Lol they might bring you to an ATM instead!

In the bag or nothing!

ntlbell

BroomBurner wrote: »

Don't have one. Don't believe in spending what I don't have.

You can lodge money you do have on to the card and use it..

krpc

Owe zilch, thankfully.

Gran Hermano

Depending on the card provider, money you lodge on the card (positive balances) may not be covered against fraud or theft.

Just a heads-up for those of you on this thread that seem to pre-load cash on credit cards for travel or future purchases.


I wonder if people voting "Sweet Fanny Adams" in the poll include people who do not have a credit card!

omb0wyn5ehpij9

Im suprised by the amount of people who owe nothing on their credit cards!

MooseJam

owe about a k at the mo, paying it off in dribs and drabs

Slidey

On direct debit, its the only job.

Forgot to pay it twice so got landed with the fine and interest

CourierCollie

Have mine down to zero the last few months ( getting scared by the whole recession thingy). But, I've had it up to the limit (6k) previously. Even bought a motorbike on it once on a bit of a whim:eek:.

omb0wyn5ehpij9

CourierCollie wrote: »

Have mine down to zero the last few months ( getting scared by the whole recession thingy). But, I've had it up to the limit (6k) previously. Even bought a motorbike on it once on a bit of a whim:eek:.

What bike was it? I want to know whether it was worth it or not

CourierCollie

Bryn wrote: »

What bike was it? I want to know whether it was worth it or not

1998 Cb500s 2 years ago for €3.8k. Yeah, I know I should have shopped around. Though +100k km later its still doing the job:).

Gordon

As has been said, they are very handy if used correctly. I pay mine off the day after using it so as not to get raped on interest.

Bendihorse wrote: »

Mine is payed off in full at the end of every month by DD. Banks hate people who do this as it means you get 1 month free credit off them as you dont pay any interest.

No, banks love people that DD their CC, it means a higher chance of a returned DD hence bringing in extra dollars for the missed payment/returned DD on the bank account.

omb0wyn5ehpij9

CourierCollie wrote: »

1998 Cb500s 2 years ago for €3.8k. Yeah, I know I should have shopped around. Though +100k km later its still doing the job:).

Yeah you should have shopped around, but in fairness, if it's still going strong after that much mileage....then it was worth it!

taidghbaby

€0.00

elmolesto

About 3k this month. Got 2 return flight to Argentina for me and the missus though:)

Ruu_Old

Pay off the full balance every month or even before the bill comes in after I make a large purchase. Right now $0 on it ($1,500 limit). I get 1% cashback which is nice. Automatic limit increases by company is turned off.

rossie1977

6ix wrote: »

I really can't understand people's lack of discipline, and that they "wouldn't trust themselves" with a credit card. They're a great utility if you just use them right.

+1

12 years ago i found it hard to book hotels without a cc, i cannot imagine what it would be like today. i would dread having to go through the travel agent

Ishmael

BroomBurner wrote: »

Don't have one. Don't believe in spending what I don't have.

+1, I agree, I hate the feeling of owing money to anyone. So i'd feel even worse about owing money to a bank because they're cúnts!

robinph

Usually have between 1 and 2 grand on it depending on whats going on in life. Had it all cleared last month though and have now got it back up to over 5k and there must be some more charges that have not been registered yet from my last month of galavanting around the place doing daft things.

Couldn't live without it though.

Maxed out a few cards three years ago while building the house, roof on one, walls on another, foundations on yet another etc, have zilch on only one card now.

lh

Spend a ridiculous amount on CC each month (2k a month), any purchase over 20 quid goes on the card.
Very handy and saves me beeping money the whole time.

Clear it by DD each month. So never pay anything extra apart from the govt levy , 40 a year.

Anyone in debt to the card for a while should seriously consider getting a personal loan to clear it, as it will cost you circa half what you are currently paying.

norrie rugger

still have my card from college, 600 limit and I will not let them increase it

If it costs more than 600 then I will put money into the card
If I can't afford to do that then it can wait

Pay anything off within a month