October 18, 2007

To Much Credit Card Debt

How can you be sure that your credit card is getting out of control? There are warning signs but not every one takes the hint. But if you are someone who knows that it is time to know the true, then maybe it maybe worth having a look at these points:

Unable to make the minimum payments

Using another card to pay a credit card bill

Being charged for late payment

You have no savings

The amount you pay out of your take home pay is more than 20%

If these seem familiar then you may have too much credit card debt. However there is no need to panic, as there is help available at the CAB or a Debt Counsellor, both can help you work towards clearing your credit card debt.

Source [Kiplinger]