eversun
Contributing Member
Cash: $ 6.25
Posts: 32
Joined: 31 Mar 2006
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| Warning signs |
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Got this cool article from finance.yahoo.com.
Warning Signs of Debt
The first step to overcoming a debt problem is recognizing it. If worries about your credit cards and loans are keeping you awake at night, you probably already know that you�re in over your head.
But if you�ve been cruising along, juggling credit cards and happily spending, you may not yet realize that you�re on a dangerous path. If you find yourself in any of these situations, think seriously about addressing your debt.
* You routinely spend more than you earn.
* You make only the minimum payment required on your credit cards.
* Your credit limit is maxed on most of your cards.
* You�re unsure about how much you owe or what may be on your credit report.
* You skip payments on some bills in order to pay others, or use cash advances on one credit card to pay off another.
* You use credit cards for day-to-day purchases like groceries, movie tickets or fast food.
* You find yourself arguing with your spouse about money. Or, you�re are afraid to talk to your spouse about money at all.
* You�ve recently been turned down for credit or a loan.
* You panic when faced with an unexpected expense, such as a car repair.
* You owe more on your car than it�s worth.
* Creditors are calling you about overdue bills.
* You�re thinking about filing for bankruptcy.
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