- Image via Wikipedia
Do you have a debt problem? Below are 9 signs that are common to people that abuse credit and find themselves in a river of debt. What most who get in debt don’t realize or calculate is the monthly cost of simply staying afloat. As your debt rises so do the minimum payments on your credit cards and loans. These minimum payments don’t pay down your debt, they simply cover the interest that has compounded on your debt. If you have debt of $10,000 you are likely paying around $250 a month just to cover your minimum payments. Imagine what you could do with an extra $250/month and you will soon start to realize how important it is to get your debt paid off.
- You have to spend more than fifteen to twenty percent of your net income to make mortgage payments, car loans or credit card payments.
- Your first solution to pay off debt is to take small loans from elsewhere.
- You do not have a complete idea of how much you owe in total.
- Every month you end up making only the minimum payment on your credit card or store card bill.
- At times, you are able to make the payments very late in the month or not at all.
- You have been contacted often by creditors trying to collect the amounts you owe to them.
- Stores have started refusing you credit and you are having trouble getting credit cards from other banks.
- You have written out checks that have bounced.
- You have had to take a second and third job just to pay off your debts
If any of these points sound familiar, now is the time to get your debt under control.
Related articles
- Beware Of Debt Consolidation Scams (loadofbullshit.com)
- Stephen Baldwin Files For Bankruptcy! (perezhilton.com)
- Credit cards: Get started on the right foot while in college (timesunion.com)
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=4edef19e-5863-49bd-b9b6-6ea7d4b01a47)
Very good points, and I hope people read these and take action. You can’t fix what you don’t know, so folks, take a look at your debt and address it ASAP.
[...] your family. About the Author: Is your credit score in the dumper? Are you always struggling to get a handle on your debt? For helpful tips and help with your money management visit EconomicStimulusPlan.org today and take [...]
[...] About the Author: Does your credit score in serious need of some help? Are you always struggling to get a handle on your debt? For helpful tips and tricks to better manage your money visit EconomicStimulusPlan.org today and [...]
[...] About the Author: Does your credit score need some improvement? Are you always struggling to get a handle on your debt? For helpful tips and help with your money management visit EconomicStimulusPlan.org today and get [...]
[...] About the Author: Does your credit score in serious need of some help? Are you always struggling to get a handle on your debt? For helpful tips and some helpful advice on managing your money visit EconomicStimulusPlan.org [...]
[...] your credit rating need some help? Are you always struggling to get a handle on your debt? For helpful tips and money management advice visit EconomicStimulusPlan.org today and get control [...]
[...] About the Author: Does your credit score in serious need of some help? Are you always struggling to get a handle on your debt? For helpful tips and help with your money management visit EconomicStimulusPlan.org today and get [...]
[...] the Author: Does your credit score in serious need of some help? Are you always struggling to get a handle on your debt? For helpful tips and money management advice visit EconomicStimulusPlan.org today and take control [...]