Recognize Debt Problems Warning Signs on Time
Take our quiz to see if you are heading for serious debt problems:
| YES | NO | |
| 1. Are you making only minimum payments on your credit cards? | ||
| 2. Are you having difficulty paying your monthly bills regularly and on time? | ||
| 3. Are you using your overdraft most months? | ||
| 4. Are you using credit because you don't have the money for everyday expenses? | ||
| 5. Are you uncertain how much you owe in total? | ||
| 6. Do arguments about money cause problems in your family? | ||
| 7. Are you charging more each month than you pay on credit? | ||
| 8. Are you over your borrowing limit on your credit cards, overdraft, or line of credit? | ||
| 9. Are collection agencies calling you? | ||
| 10. Has anyone initiated legal action against you? |
If you answered "yes" to any of these questions, you may be heading for serious money problems. It's time to deal with your debts before your situation becomes even worse.
Try to come up with a debt management solution that will help you resolve the situation (the sooner you do it the better); or, contact an insolvency professional, a licensed bankruptcy trustee, for assistance.