Cash Advances: A Warning Sign That You Have Too Much Debt

Here’s a tip to determine whether or not you have too much debt: If you are using cash advances on your credit cards to “just get by”, you have too much debt.

Credit cards are fine as a substitute for cash, but if you are constantly borrowing to pay your living expenses, your expenses are too high, and you probably also have too much debt.

If you need cash, ask the bank for a loan; the interest rate will be much cheaper.

If you are borrowing to make interest payments on other debt, you must start a plan to pay off your debts and get back on track.

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