Top 7 Credit Card Warning Signs Of Debt Trouble

Credit Card Warning Signs Of Debt TroubleDo you have a problem with your credit card debt? Do you know the credit card warning signs that your debt may be out of control or hard for you to handle? Fill out a quick form and start on the road to financial freedom.

Warning Signs Of Too Much Credit Card Debt

I think that if you are truly honest with yourself that you probably know these seven credit card warning signs that you may be in debt trouble. Here are the credit card warning signs to look for…

Paying Off One Credit Card With Another

One of the easiest signs that you most likely have too much credit card debt is that you are using one credit card to pay off the balance of another. Have you ever used those balance transfer checks to payoff another credit card?

This may be a good strategy if you have an overarching plan to specifically attack your debt. But, it can also be a warning sign that you may have too much debt and cannot handle the payments.

It is a slippery slope that you are tackling by moving debt around from one account to another. And, as the last statement described, it is also simply moving debt around. It is not tackling the underlying problem of your spending habits that are creating the debt.

Using Advance Payments

Another warning sign that you may have too much debt and could possibly have trouble handling your credit card debt is if you are using the advance payment checks that are often offered with your credit cards. They typically have even larger interest rates than your standard purchases that you make with your credit cards every day. The best thing that you can do with these advance payment checks from your credit card company is to shred them as soon as you receive them in the mail.

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