Were you ever in major debt before?

[Anonymous]

Major debt to me is owing some people, some business, some school, etc more than $5,000

Yes, still am

No

Yes, but its no more

[MikeInHawaii]

It depends on what your debt is for. If you’re in Hawaii, and owe $800,000 on your home, it’s no big deal if you’re keeping up the payments. The median price for a home here is about $1.1 million. If the house goes up $50,000 next year and you pay $25,000 in interest, you’re making money off the bank’s money.

If you have a seven year lease on z BMW you couldn’t afford to buy or you use 24% credit cards on meals at high end restaurants…like my ex-sister-in-law, debt is a problem.

If you have $200,000 in student loan debt and you’re a surgeon, it was worth it.

If you run up

[jamesgoldman]

I owe my dad £2,000, I'm a few hundred away from being able to pay him off and not backtrack the business... most I've owed before that is a few hundred on the AMEX for a gold bundle that was sorted through and sent to the melting pot for enough to clear the balence inside a week

[Ευδεμονια]

No, I never have been in debt. Maybe I’m lucky or something like that, I’ve always had supporting parents to help me eventually but I never had money problems. Nowadays I’m a creditor of some friends.

[MTC29]

When I graduated, I had a student loan to pay off but had ten years to do it. It was a good chunk of cash, but nothing like being unmanageable.

[Ironic_Method]

I was just under $200k in debt in my early 20s due to school and my brother's medical bills.

[PrettypleaseDY]

Never in my life

[HandsomeAndBald]

yes or no