Is My Credit Card Debt A Problem?

For most Americans, credit card debt is a dangerous and growing problem. The average American household have more than than than $8000.00 in credit card debt and passes more than they earn on a annual basis. Credit cards can be utile tools when they used properly, but more than than and more Americans are getting in over their caputs and baleful their financial futures. It is of import to recognize that just because you can pay your minimum payments each calendar month doesn't intend you don't have got a credit problem. Low minimum payments benefit the credit card company, not the consumer. The following are some of the warning marks that you have got got got credit or debt problems:

* You are not able to set any money in savings

* You do only the minimum payments on your credit cards

* You usage increasing amounts of your sum income to pay off your credit card debts

* You usage credit cards for things you should purchase with cash, such as as groceries

*You have more than than two or three major credit cards and have balances on all of them

* You're at or near your credit bounds on most if not all of your credit cards

* You're unsure of the sum amount you owe on your credit cards

* You've taken out cash advances on credit card to pay other bills

* You've been denied credit owed to your debt to income ratio

* You get phone calls from aggregators about your credit cards