Danger Signals of Too Much Debt – Part II
·        You get behind in utility or rent payments.
·        You have to consolidate several loans into one or reduce monthly payments by extending current loans to pay your debts.
·        You cannot afford to pay for regular living expenses or credit payments.
·        Creditors are sending overdue notices.
·        The portion of your income used to pay debts is rising.
·        This month’s credit balances are larger than last month’s.
·        You are usually late paying some of your bills.
·        You borrow for items you once bought with cash.
·        You don’t have enough savings to meet expenses for at least three months.
·        You don’t know how much installment debt you owe and you are afraid to add it up.
Your thoughts on this subject? Your comments appreciated!
Content © Rich Brott, 2011