0013 - Debt Related Queston: Bankruptcy Question # 0013
I donít think my debts are a problem, but want reassurance. How can I check up on myself?
Recognizing the danger signs of problem debt is important for everyone. Some of the signs that your credit use needs to be modified are: 1) regularly spending over your limit; 2) using credit as a necessity, such as using credit to make it from one payday to another; 3) purchasing items on credit when you have no cash available for the purchase; 4) only able to pay the minimum required or monthly interest; 5) using one credit card to make payment to another credit card; 6) total of all debts exceed 20% of annual income. Any of these signals could indicate problem debt.