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tptacek 4 hours ago

You don't know anybody in 5-figure+ credit card debt? I know several. I don't know anybody in debit card debt.

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criddell an hour ago | parent [-]

No, I don’t know of anybody who has a big credit card debt. I don’t think I’ve ever carried a credit card balance past my payment date.

I did have a six-figure debt to a bank and if didn’t make my payments they would take the house from my family! Much higher stakes than any credit card debt I’ve ever had.

I do have a debit card though and it’s actually not that different from a credit card. If I spend money not in my account I would get charged a $25 overdraft fee plus interest.

	▲	tptacek 44 minutes ago \| parent [-]
		I think that's weird, because I can count off 6 or 7 just off the top of my head, people I know reasonably well, all of them well-educated, and smarter & better organized than I am. I don't really understand the argument we'd be having here: obviously, empirically, credit card debt is an enormous problem in the United States.