16k in debt - Alot of debt or a little?

Question

Is this an extreme amount of debt in your opinion?

Answer 1

it depends on your situation,your salary etc...

you should make out a plan that you can afford pay off so much every week! Good luck,i kno what its lik :(

Answer 2

thousands of people would kill for only 16k in debt :-)

Answer 3

That's right about where my debt is. And considering I don't make much more than that, it's absolutely horrible for me anyway.

Answer 4

No....its not extreme....I have seen people with extreme of about 150K debts. So don't worry. You can clear off your debts.

If you find difficulty in managing the debt then there are debt consolidation companies out there who can help you consolidating your debts. I think that is the best way to pay off your debts. They would total your debts and would negotiate with your creditors and thereafter will provide you with an affordable debt management plan. Thus you have to pay only a fixed single monthly payment.

Here is the source of a debt consolidation company named http://ezconsolidation.com for your reference.

Answer 5

IT DEPENDS ON YOUR SITUATION, SALARY AND HOW THE DEBT WAS ACCUMULATED.

16,000- OF CREDIT CARD DEBT BUYING CLOTHES AND ELECTRONICS IS WHAT I CONSIDER BAD.

16,000- IN STUDENT LOANS AND TRYING TO GET AHEAD IN LIFE IS WHAT I CONSIDER BETTER

THAT ISN'T MUCH CONSIDERING THE FACT THAT PEOPLE ARE 20,000, 30,000, 50,000, EVEN 75,000 IN DEBT.

PEOPLE WOULD ACTUALLY KILL TO HAVE YOUR SITUATION.

BE CAREFUL AND I REALLY BELIEVE THIS IS A SITUATION YOU CAN DIG YOURSELF OUT OF.

Answer 6

anymore its just a little debt. i've heard of people being 50,000,  100,000 or more in debt.