section 6.4

warning signs of debt payments problems(3 of 4)

-you borrow money to pay off old debts. -you exceed the credit limits on your credit cards. -you've been denied credit because of a bad credit bureau report.

warning signs of debt problems(1 of 4)

-you make only the minimum monthly payment on credit cards. -you're having trouble making even the minimum monthly payment on your credit card bills. -the total balance on your credit cards increases every month.

warning signs of debt payments(2 of4)

-you miss loan payments or often pay late. -you use savings to pay for necessities such as food and utilities. -you receive second or third payment due notices from creditors.

Declaring Personal Bankruptcy( 1 of 6)

Bankruptcy is a legal process in which some or all of the assets of a debtor are distributed among the creditors because the debtor is unable to pay his or her debts

The federal trade commission enforces the fair debt collection practices act

The FDCPA prohibits certain practices by debt collectors. The act doesn't erase the legitimate debts that consumers owe, but it does control the way in which debt collection agencies may do business.

warning signs of debt problem(4 of 4)

if you are experiencing two or more of these warnings signs ,it's time for you to rethink your priorities before it's too late.