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#16 ~Emma~

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Posted 26 July 2005 - 04:46 PM

we just had a credit card debt of around $7500 but like others have said, we put them away in a safe place and DIDN"T use them at all.
we were only using them for wants and not needs, and we buckeled down and paid!!
i like being free from them now and i dont ever want to get into that trouble again!

#17 *Paula*

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Posted 08 August 2005 - 01:42 PM

Hmmmm....

If it makes you feel better I have around $40,000 (yep - 40 -) on my credit cards... I DREAM of $650!!!!!

.... let me go and stick my head back in the sand now and not think about it!!!! ...

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#18 SheikYerbouti

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Posted 08 August 2005 - 03:28 PM

I do something similar.
All our cash sits in the mortgage offset account.
We use our credit cards (1 each, $12k limit each) for everything.
Every month or so we redraw from the extra in the mortgage to pay off the credit cards fully.
This means we pay less interest on the mortgage (calculated often so if the money is there for a few weeks we get a touch less interest charged) and never owe on the credit cards.
And we've travelled to Asia once and are going to Italy next yur just on the FF points smile.gif

$40k?? Wow! I can't imagine spending that much over a year or two... what did you buy?

As for needing a debt to get a credit rating, that's not quite true. You don't need a debt, you need a line of credit that you haven't defaulted on. So, you can get a credit card, cut it up, and never use it, and your credit rating will be perfect. Why? Because you have $x available and have never defaulted.


#19 allure

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Posted 15 August 2005 - 10:02 PM

Hey busybride...take heart from my story. I don't have a credit card by h2b does and we racked up $8,000.

H2b hates debt so we went on a mission and paid it off in just under 3 months ohmy.gif

Gee it was nice to get rid of the debt smile.gif

So darl consider yourself lucky your credit card debt isn't anywhere like ours was (and gee I like to stress the word "was"!)

#20 Leesha

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Posted 17 August 2005 - 05:44 AM

QUOTE (SheikYerbouti @ Aug 8 2005, 03:28 PM)
I do something similar.
All our cash sits in the mortgage offset account.
We use our credit cards (1 each, $12k limit each) for everything.
Every month or so we redraw from the extra in the mortgage to pay off the credit cards fully.
This means we pay less interest on the mortgage (calculated often so if the money is there for a few weeks we get a touch less interest charged) and never owe on the credit cards.

We do exactly the same!
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#21 MrsMummyBurns

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Posted 18 August 2005 - 09:53 AM

we owe 8000, my sister is worse her and her partner are like 12000
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#22 sweet_bella

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Posted 18 August 2005 - 10:10 AM

Does anyone know which banks have debit cards cause i am wanting one and the national dont have them so they told me???????

#23 Princessgirl

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Posted 18 August 2005 - 10:34 AM

i owe $1500 & $10,931.00

i only wish i owed $680.00


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#24 cassinator

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Posted 18 August 2005 - 02:41 PM

We just got rid of a GE card, what a relief! Now we have $3500 on Pauls CC, and about $1200 on mine. I can't stand having credit card debt, gives me a yucky feeling in my tummy. With Pauls card we put money for grocery, petrol, and any other regular bills every month, so it more than covers the minimum payments, but the card never gets paid off.

We've decided to put saving before paying off the credit cards. We're still paying them off but very slowly.
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#25 countrybride2b

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Posted 18 August 2005 - 02:45 PM

Sweet bella - I think St George have them and some of the Credit Unions...hope this helps..

#26 Kell

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Posted 18 August 2005 - 03:42 PM

Bendigo bank have debit cards too, love mine!
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#27 ~~KylieB~~

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Posted 28 August 2005 - 07:15 PM

Also if you are in Queensland, Heritage Building Society have them as well, so do the Newcastle Perm if you live in that area
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#28 hearts_in_asia

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Posted 29 August 2005 - 12:28 AM

Wow I feel better about our debt after reading all this. I think all together D and I owe about $4K? Including paying off a moterbike and a new expensive dining table.
Can't seem to get on top of it tho, we keep putting money on and keep having to buy things on the credit cards and it's going down so slowly it kills me!
On thing that has helped me (but not D) is to have a small limit on the card in the first place, as my limit is $1500 there's no way I can spend more than that.
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#29 Moggie_Kat

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Posted 29 August 2005 - 07:19 AM

I owe $9000 on mine which is the most money I have ever owed in my life, I am never going to let it get that high again, I am paying $137 on the interest alone every month! AHHHHHHHHHH, never again, I will only use it for emergencies in the future.
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#30 Bibi

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Posted 29 August 2005 - 08:55 PM

I know a guy who has nearly $100K owing on his and he had to get another one to pay for his honeymoon!




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