Debt

I'm only 15, and I don't yet have a job, so I can't yet get a car/credit card, so I've got plenty of time before I'll be in debt.

I was in dept about $500 to my grandma a year or so ago when she loaned me money to fix my car, but I payed that off after a couple of months and haven't been in debt since. Then again, I haven't moved out of my parents' house yet.

Yeah, but I earn enough to pay my bills so it doesn't matter so much :) about £600 on credit card, and about that again on a finance contract for one of my synthesizers. but hey, it's managable. I'll be paying it for years but at least nobody breaks my legs or repo's my trout. :cool:

I was about 7000 in debt. I got that all paid off about a year ago. I don't owe anyone anything. (In fact, a couple people are in debt to me, I wish they'd pay me back...)

well... a horse's head on the pillow works wonders if you're in a hurry to receive payment :)

It's amazing how fast a debt goes away when you work.

(I don't work)

People owe me money. They should pay up so I don't have to go into student debt. Yes.

Student Loans, Mortgage AND credit card. Nothing like working just to survive [/end sarcasm]

Student loans are not part of debt. Mainly because most, if not all, student loans are subsidized and you have about 10 years to pay them off anyways...even if you can't pay it off, there's many subsidized options to consider anyways.

student loans still appear on your credit report and if you don't pay them on time you get a bad credit history. Anyway, my credit card is paid off, but I do have about $12,000 in student loans still.

Yeah, that'll really console me when I've got a five or six grand debt hanging over my head before I can even start making money =/