| Here are set of questions that you should answer to make sure that you are in
good sound financial health. If you answer yes to a majority of them then you are heading for a
potential debt trap. |
 |
Are you seeing an alarming increase in your
credit card balances and your salary levels are stagnant? |
|
Are you only making the
minimum amount due payments each month instead of full payments? |
|
Are you hiding the exact
cost of purchase? |
|
Are you receiving collection calls and letters from
collection agencies? |
|
Are you using
credit cards because you do not have any
money bank in the account? |
|
Are you just transferring balances from one
card to the other to meet the obligatory payments? |
|
Are your getting increasingly alarmed about the ability to
make payments? |
|
Are you checking out new offers from
credit card companies? |
|
Are you charging more than the amount due? |
|
Are you spending more than the
money you pay as dues? |
|
Are you working more to earn more money or you are working overtime to make the
credit card payments? |
|
Are you almost at end of the limit as far as
credit limits are concerned? |
