DEBT QUIZ

Take this brief quiz to find out if you are in danger of future debt problems:

Are you exhausting your savings to support your debts?

If you answered YES to this question, you should be concerned because you may not be able to adjust to an unexpected situation that requires additional financial resources. If you are depleting your savings to keep up with your bills, it may be an indication that you are spending more than you can afford.

Do you regularly make minimum payments on your credit cards?

If you answered YES to this question, and can afford to pay more you should. If you can only afford minimum payments, you are probably overextended and should analyze your budget and adjust your spending.

Have you been declined credit or declined a credit line increase?

If you answered YES to this question, this is a sign that you need to evaluate your finances. Creditors use guidelines to determine your credit worthiness and if they decline you, it means that your finances show potential problems.

Do you continue to acquire more debt after paying down your monthly credit card bills?

If you answered YES to this question, this is a signal that you depend on your credit cards to maintain your life style or supplement living expenses.

Do you get collection calls from creditors?

Collection calls are a sure sign that you are behind on credit obligations. Don't avoid the problem.

Do you avoid adding up the total amount of your outstanding debt?

If you answered YES to this question, you are likely avoiding the problem. You need to confront the problem and adjust your spending habits. Stop avoiding the situation and take control today to work towards a debt free horizon.

Do you purposely hide credit card bills from family members?

Hiding debt from family members is an indication that you realize that there is a problem. The fact that you feel you have to hide your spending behavior from loved ones indicates that you haven not confronted the situation, but realize there is a problem.

If you answered “yes” to any of these questions, click HERE for a FREE debt consultation.