Here's a piece that details the fact that consumers face (growing) challenges in handling their debt. The article goes on and on about how people get into (and are working on getting out of) credit card and other debt. But the part I found most interesting was at the very end where they tell how to tell if you're in too much debt. Their thoughts:
- You're juggling debt and credit card payments.
- You only make minimum payments month after month.
- You’re taking cash advances on one credit card to make the minimum payments on others.
- You delay — or are late, with important payments, such as the monthly mortgage.
- You put off necessary activities, such as doctors’ appointments.
Yeah, I'd say so. If any of these describe you, you need to make a change now. Here's how I recommend you go about getting out of debt.
For additional debt-related posts, see these links:
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