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Mom Confessions Mom Confessions

Is this a lot of debt? How does it compare to yours?

Anonymous
Posted by Anonymous
  • 426 Replies

How much debt do you have?

I haven't checked my credit score in awhile so I took a screen shot of part of my credit karma account to share my debt. I'm bored. Can you tell? The "other loans" are student loans. My credit cards are children's place and victoria secret. I am so happy to see my my mortgage going down. All the interest is finally paid off, now just 10 more years. My assets are not connected to my account so that is why they are blank.








Posted by Anonymous on Jan. 27, 2014 at 7:16 PM
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Replies (1-10):
B1Bomber
by Ruby Member on Jan. 27, 2014 at 7:18 PM
5 moms liked this
We have zero debt, unless you count the credit card we pay off in full every month.
Anonymous
by Anonymous 2 on Jan. 27, 2014 at 7:18 PM
1 mom liked this
We owe $280,000 on our house and $30,000 on one car. But our house would sell for $450,000 and our car would sell for $45,000.

Edit: we paid $65,000 for our car but only took out a $36,000 loan. I don't want to be asked about this anymore.
thenameshailie
by Emerald Member on Jan. 27, 2014 at 7:19 PM

How old are you? It doesnt seem bad to me. I am around $2,000 owed on school loans and dh is around $7,000 on school loans. And we have less than $1000 left on the car.

notjstasocermom
by Emerald Member on Jan. 27, 2014 at 7:19 PM
Its much more than whar we have
TexTornado
by Platinum Member on Jan. 27, 2014 at 7:19 PM
3 moms liked this

Get rid of that car loan & you'll be fine.  That's way too much! 

jendawgrox2004
by Gold Member on Jan. 27, 2014 at 7:19 PM

I have less debt but it's all credit cards except one school loan for 4,000

nocalmegan
by Ruby Member on Jan. 27, 2014 at 7:19 PM
We have no debt but our house which is worth about 80k more than when we bought it.
almondpigeon
by Ruby Member on Jan. 27, 2014 at 7:19 PM
We owe $30,000 on our house and that's it.
lovemymini
by Emerald Member on Jan. 27, 2014 at 7:19 PM
1 mom liked this
Eek yes!

Then again we are debt free and have been for 6 years so...
Anonymous
by Anonymous 1 - Original Poster on Jan. 27, 2014 at 7:20 PM


Quoting Anonymous: We owe $280,000 on our house and $30,000 on one car. But our house would sell for $450,000 and our car would sell for $45,000

My house would sell for $150k. I put a big down payment on it, that is why it is so low.

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