Without knowing what the interest rate is, what would be an estimate of how much credit card debt they had?
2007-04-22 09:38:08 · 6 answers · asked by Mommy...LT 3 in Business & Finance ➔ Credit
2-3% is a common minimum payment, so 30-40k might be a good estimate, but that could depend on a number of factors.
2007-04-22 09:46:33 · answer #1 · answered by kevin s 4 · 0⤊ 0⤋
On a credit card? Tens of thousands of dollars, like enough to buy a nice car, maybe a small house.
2007-04-22 16:45:40 · answer #2 · answered by msi_cord 7 · 0⤊ 0⤋
Probably around 20k or more depends on the intrest rate!
2007-04-22 20:42:02 · answer #3 · answered by Phil 1 · 0⤊ 0⤋
Cards vary quite a bit. Could be as low as $20K (unlikely to be less), as high as $35K.
2007-04-22 16:54:22 · answer #4 · answered by Yanswersmonitorsarenazis 5 · 0⤊ 0⤋
he must be having atleast 20000$ in debt
2007-04-23 06:52:42 · answer #5 · answered by See Saw 3 · 0⤊ 0⤋
An OMG amount !
2007-04-22 16:40:49 · answer #6 · answered by ? 6 · 0⤊ 0⤋