Do I Have Too much Debt?

There is a thin line between being in debt and heavily in debt. Indebtedness is a problem when you borrow money to buy luxury products such as a trip or a pool. There are a few indicators that show if you are getting close to bankcruptcy. You are vulnerable if :
  • in your bank account, you do not have enough money to pay your debt for the next two months;
  • you cannot pay the balance of your credit card in the short term;
  • you do not know how much your debt cost you;
  • you do not have enough money to survive two to three months if your lose your job.
If you face one of those challenges, it is important to quickly undergo an analysis of your financial situation. Research indeed shows that people with financial problems wait too long before taking proper action to reorganize their finances.

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