[Jerome74911S]

I'm retired and have no debt, nor have I ever had any debt in my life, for anything. I live within my means, and always have done so. And I live a comfortable life, with a genuine Porsche and everything.

That said, if you have a credit card with a $5,000 limit, or a $25,000 limit, then the issuing bank's view is that you have $5K or $25K of debt, because you could spend that card's limit at any time. So, in their eyes that money is 'yours', but you need to pay it back. The fact that you didn't spend it all yet means little to the bank. Just ask them.

I have some credit cards in my pocket, so I guess I'm actually broke.