Warning Signs of Too Much Debt
The American Bankers Association advises consumers to review their finances yearly to make sure they aren't overextended on credit.
Signs of being too deep in debt include:
- Paying only the minimum payment month after month.
- Being out of cash constantly.
- Being late on important payments, such as rent or mortgage.
- Taking longer and longer to pay off balances.
- Borrowing from one lender to pay another.
Tags: Debt, Warning Signs of too Much Debt