3 Signs That Warn You About High Debts Are you under some debt? And are you unsure how much debt is actually too much? Well, it is a tricky question. As there is no gauge or calculator out that suits everyone’s circumstances. So, how exactly can you find that out? This article is all about that. Let’s find out 3 warning signs that tell you that you are under high debts.
1. Relying Too Much on Your Credit Card If you are relying too much on the credit card, then that is one of the surest signs that you have too much debt on your head. Relying on credit means you cannot afford the routine expenses or the lifestyle you are choosing. If you think you are paying off the money at the end of the month, think again. Are you paying off the bills or just paying the minimum amount? And that shall answer for you.
2. Online Making Minimum Credit Card Payments If you fall into a category that only relies on making minimum payments each month, then you too are one among the many that fall under the trap. Paying only minimum means you are mostly only paying off the interest laid on by the institutes and not paying the actual debt amount in any sense. So, if you aren’t able to pay more than the minimum, means you are under some serious debt. And this road will lead you to visit a consumer proposal Toronto company in very near future.