Ten Point Debt Check List
This is a simple ten point check to see if you are coping with your existing debt levels:
1. Do you regularly go over your credit limit on your credit card?
2. Do you pay for nights out on the town in preference to clearing more of your credit bills?
3. Do you try to regularly repay capital as well as interest?
4. Is your credit predicament a clandestine affair, in particular with regards to your partner?
5. Do you bury your head in the sand with regards to credit bills by leaving mail unopened?
6. Do you a contingency for emergencies i.e if the roof needed replacing. Or would you need to borrow the money?
7. Do credit cards fund your everyday expenditure with no view to repayment at the end of the month?
8. Do debt collectors ever bother you for unpaid bills?
9. Is money a frequent cause of distress in your family?
10. Is shopping, using credit cards a form of release for you?
If you answered yes to any of these questions then you seriously need to take a look at your spending and credit habits. Credit cards are one of the most expensive forms of debt around so it pays to review your position early and ruthlessly if you want to save yourself some serious heartache down the road.
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