$1.17T.
-
We're talking about a lot of money...
https://www.aol.com/finance/us-credit-card-debt-just-124700087.html
-
When I was house shopping I also looked at houses for rent, in case there was nothing for sale I liked (very little on the market here at any one time)
One place had a broker who wanted me to get a credit report, so I did. I don’t remember the score but it told you what the limiting factors were, IOW at the margin why it wasn’t higher.
Mine said ‘high level of credit card debt’. I thought that was funny since for at least 30 years I’ve paid credit card bills in full automatically every month.
But they include intra-month spending in the debt total and that was a month where I bought Mayla’s ring (smallest new car I ever bought), and had paid for a coming vacation and a couple other large one-offs so my intra-month spending was close to 40k, multiples higher than a typical month.
So to the company I looked like someone who has 40k of credit card debt. Which, for a few days, I was.
-
When I was house shopping I also looked at houses for rent, in case there was nothing for sale I liked (very little on the market here at any one time)
One place had a broker who wanted me to get a credit report, so I did. I don’t remember the score but it told you what the limiting factors were, IOW at the margin why it wasn’t higher.
Mine said ‘high level of credit card debt’. I thought that was funny since for at least 30 years I’ve paid credit card bills in full automatically every month.
But they include intra-month spending in the debt total and that was a month where I bought Mayla’s ring (smallest new car I ever bought), and had paid for a coming vacation and a couple other large one-offs so my intra-month spending was close to 40k, multiples higher than a typical month.
So to the company I looked like someone who has 40k of credit card debt. Which, for a few days, I was.
So to the company I looked like someone who has 40k of credit card debt.
I had a similar experience. I pay my estimated income tax and real estate tax using a credit card. Of course, there's a fee for using a card as opposed to check, but the credit card reward (cash back) exceeds the fee by a couple of bucks. It's not a big difference, but enough to buy a pizza (or four) a couple of times a year. My credit score dropped 10 points - for a while.
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Register Login