what % of your creditcard balance do you pay off each month? - The Finance Forums: Financial planning, debt help, loans, mortgages, retirement and 401k, investment, and general finance discussion forums

tjk72 · #1 (**permalink**) 02-07-2008, 07:17 PM

I would like to know what percent of americans pay there credit balance off every month for my research?

C-squared · #2 (**permalink**) 02-09-2008, 03:47 AM

We do. We only charge what we can pay off in full.

My father does as well for his personal and his companies. My mother does not, she likes to pay the minimum and watch her debt grow on multiple cards, all the while bitching about having no money.

fl18 · #3 (**permalink**) 02-09-2008, 04:23 AM

Pay in full.

GarySpicuzza · #4 (**permalink**) 02-09-2008, 02:31 PM

Same here. 100% PAID in FULL every month.

I enjoy using them for my convenience at no cost to me!

Nick Farina · #5 (**permalink**) 02-09-2008, 11:44 PM

For me, 100%... but I know alot of people who made mistakes and cannot. I say mistakes because unless you are financing a company on credit cards (which isn't brilliant) there really is no excuse to not pay it in full unless you got yourself into a hole in the past.

But if you do pay in full - what a deal! You get rewards, convenience, and security over cash.

realworldknowledge · #6 (**permalink**) 03-14-2008, 01:49 PM

Past- Paid minimum
Now- Lesson learned. PIF every month. CC debt. Only use AMEX and have to PIF.