Debt's Danger Signs

If you recognize five or more of these statements,
 you're in danger!!

  • 20% OF AFTER-TAX INCOME IS SPENT ON PAYMENTS

  • YOU ARE GENERALLY LATE IN PAYING YOUR BILLS.

  • YOU REALLY DON'T KNOW THE TOTAL OF ALL YOUR DEBT.
     

  • WHEN YOU PAY OFF ONE BALANCE YOU USUALLY REPLACE THE PAYMENT WITH A NEW PURCHASE.
     

  • MINIMUM PAYMENTS ARE THE RULE, RATHER THAN THE EXCEPTION
     

  • YOU'RE AT THE CASH REGISTER AND YOU ARE CONCERNED THAT THE APPROVAL WON'T COME!
     

  • YOU DON'T SAVE ANY MONEY. IN FACT, YOU DON'T EVEN HAVE A SAVINGS ACCOUNT.
     

  • YOUR CARDS ARE ALWAYS NEAR THE LIMIT.
     

  • YOU BORROW MONEY FOR EVERYDAY NECESSITIES SUCH AS FOOD, GAS AND CLOTHING.
     

  • YOU OCCASIONALLY POSTDATE A CHECK.
     

  • YOU USE A CASH ADVANCE FROM ONE CARD TO PAY ANOTHER
     

  • YOUR MAILBOX IS FILLED WITH JUNK MAIL--PAST DUE NOTICES.
     

  • YOU ARE ALWAYS CONSIDERING SOME NEW DEBT TO HELP PAY OFF OR CONSOLIDATE SOME OLD DEBT.
     

  • YOU BORROW TO BUY THINGS THAT YOU ONCE BOUGHT WITH GREEN CASH.
     

  • YOUR MONTHLY INTEREST CHARGES ARE MORE THAN $35.00
     

  • YOU DON'T THINK YOU COULD EXIST WITHOUT CREDIT


    DO YOU KNOW THAT THE AVERAGE CREDIT CARD BALANCE CAN TAKE LONGER TO PAY OFF THAN A 30 YEAR MORTGAGE?

 

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LAST REVISION DATE 04/01/2006