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30 Second Real Estate Analyzer

6.26.2010

Recognize the danger signals - bankruptcy

You have a debt problem, or are going to have one, if:
  • you continually go over your spending limit or you use your credit cards as a necessity rather than a convenience;
  • you are always borrowing money to make it from one payday to the next;
  • your wages have been garnisheed to pay for outstanding debts;
  • you pay only interest or service charges monthly and do not reduce your total debt over many months;
  • creditors pressure you for payment, threaten to sue or repossess your car, furniture or television, or hire a collection agency to recover the money for them; or
  • utility companies cut off service because your bills have gone unpaid.