12 Signs of a Credit Problem.
- You use one card or credit line to pay another debt.
- You use credit cards for everyday expenses like groceries or utilities.
- You only make minimum monthly payments on credit cards and credit lines.
- Your credit lines or credit cards are at their limits.
- The only reason you don’t have a problem with credit cards or lines at their limits is because you recently got your limits increased to avoid trouble.
- You have missed payments on anything, credit cards, utilities, rent mortgage, anything.
- People try to talk to you about spending problems.
- You wonder how you will pay all the bills each month.
- You borrow money from friends, family or savings to make payments.
- Your credit card or credit line balances seem to rise each month.
- You hide expenditures from your mate, any expenditures ones with a problem or not.
- You are reading this list of signs of a credit problem with great personal interest.
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Other sources for this article besides TrueCredit and Mory Brenner, Esq. include FICO’s own article on improving your FICO score, Credit Inquiries article by FICO, 101 tips to increase credit score, 7 tips to increase credit score and tips for boosting credit score.
Nothing contained herein should be construed to constitute advice for your personal circumstances. This is intended as a peripheral exposure to the various options available, but by no means is this a comprehensive or exhaustive analysis of the bankruptcy laws or their alternatives. Whether or not you should file a Chapter 7, Chapter 13 or any bankruptcy, will vary depending on your personal circumstances and should only be undertaken after careful consideration, analysis and after consultation with an attorney experienced with such matters. These pages may contain information and rules peculiar to the Commonwealth of Massachusetts.
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The most recent update of this page occurred May 1, 2007.