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21 years old wondering if im doing good finacialy?

Im 21 i make decent money i live by myself i have been on my own for 4 years and i have One Visa and One Line of Credit..

I owe 224.00 on Visa and 3851.50 on LOC...

My Credit Score is 748
My Visa Interest rate is 11.9%
My Line of Credit is 9.75%

Do you think im doing well finacialy?? for my age!!

i think you're doing great! just make sure that you are faithfully paying off your credit card debts so that you'll be able to get out of it soon!

i think that's great. don't let your debt get out of control. that's where you start running into problems.

I think you are doing pretty well. Your credit score is really good, just keep those credit card balances DOWN!

Make sure you setup a 401k or Roth IRA for your retirement, START NOW and you will be retiring with lots of coosh.

You don't mention much about the asset side of your balance sheet. Savings, IRA's, 401k's how much are you saving each month, do you own a home? Let us know that and we can tell you how you're doing.

No, debt is dumb. If you were investing that money instead of borrowing it, then I would say that you are doing well. It's also a wise thing to do at any age.

Cut up the card, pay off the Visa and LOC, learn how to save up and pay cash for stuff, learn how to write a budget, and learn live on less than you make. When you accomplish that, you won't care about credit scores and interest rates.

You have not given anywhere nearly enough information to make an assessment.

You have stated what you owe. What about your savings, your investments? Focusing on your debt is good but you also need to have a savings target. Do you have any goals. Many(not all) have a price tag attached.

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