9. You only make the minimum payments on your debts. Being able to make your minimum payments on all of your debts each month does not mean that you’re in control of your debts. Creditors love people that only pay their minimum amounts, because it means they’ll make the most interest. The longer it takes you to pay your debts back, the more you have to pay over time.
10. You don’t know how much you owe. This is the biggest sign that you’re in too much debt. If you’ve ignored your debt to the point where you don’t even know what you owe, you’re likely in more debt than you think.
If two or more of the warning signs above apply to you, you’re in too much debt. The best thing you can do for yourself is to evaluate your debt, and work on a plan of attack for reducing or consolidating it. The longer you wait, the worse your debt will become, so get started on building a brighter, debt-free future for yourself right now.
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