What is the highest amount of credit card debt youve had?

Question

The worst was only $4,000 for me, but Im sure some people have high amounts. And what did you buy?!

Answer 1

I was at or over $50K in 2005 but I also made it to $70K back in 2004.

Most of it was eating at restaurants. I also rented two cars and traveled to Boston. I purchased baby furniture and I'd rather forget about the rest now that I declared bankruptcy and all these debts were discharged.

I paid off my $13K in student loans by 2002. My credit had been under control until I quit working. At the end of 2004, I took out a $70K home equity loan and paid off all the credit cards but I became involved with a woman who was a black hole when it came to money. :(

Answer 2

Nice work Bob. I had about 10k while in college but paid it back 4 years after graduating along with my student loans. I was about 25k in debt at the highest I think but I viewed it as an investment in myself.

Answer 3

7k
nothing in particular
just a whole bunch of little things that added up
transmission and tires for the car
furnance and water heater went out in months of each other

before you know it you have spent 2 or 3k
fortunately a nice income tax return but a dent in it and made it manageable again

Answer 4

you won't be in a position to eliminate it. as quickly as some thing is going to a crew company, it relatively is basically too previous due. It has to stay for 7 to 7 a million/2 years. additionally, if it replaced into bumped off, then you definately might continuously get declined, for each thing, considering which you will possibly have not got something left on your credit. no you gets "common credit enjoying cards" whilst they have not got something on their credit. "Secured credit enjoying cards" are the only type that a individual can get with no longer something on their credit. the single element you will possibly desire to no longer do is to communicate to the series company on the telephone. it incredibly is possibly the third worst element you're able to do. purely suicide and financial ruin are surely worse. If obtainable, you will possibly desire to pay it via mail, without making use of the telephone. in case you won't be in a position to try this, then do no longer something. do no longer, below any situations, use the telephone. you will possibly desire to stop making use of for undemanding credit enjoying cards, as we communicate. every time you word, you harm your probabilities of each and every being able to construct your credit. once you do start up development it, it is going to likely be extra durable, simply by fact of your historic previous of making use of for undemanding credit enjoying cards. when you have stopped word for undemanding credit enjoying cards for extra beneficial than 12 months, you will possibly desire to be able to get a "secured" mastercard, in case you word purely for a "secured" mastercard, and not for any common credit enjoying cards. The "secured" mastercard is the way which you would be able to build your credit, yet given which you stop making use of for undemanding credit enjoying cards. in case you maintain making use of, then you definately will no longer be able to construct your credit.