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Warning Signs of Debt
Sunday, October 2, 2005provided by
The first step to overcoming a debt problem is recognizing it. If worries about your credit cards and loans are keeping you awake at night, you probably already know that youre in over your head.
But if youve been cruising along, juggling credit cards and happily spending, you may not yet realize that youre on a dangerous path. If you find yourself in any of these situations, think seriously about addressing your debt.
- You routinely spend more than you earn.
- You make only the minimum payment required on your credit cards.
- Your credit limit is maxed on most of your cards.
- Youre unsure about how much you owe or what may be on your credit report.
- You skip payments on some bills in order to pay others, or use cash advances on one credit card to pay off another.
- You use credit cards for day-to-day purchases like groceries, movie tickets or fast food.
- You find yourself arguing with your spouse about money. Or, youre are afraid to talk to your spouse about money at all.
- Youve recently been turned down for credit or a loan.
- You panic when faced with an unexpected expense, such as a car repair.
- You owe more on your car than its worth.
- Creditors are calling you about overdue bills.
- Youre thinking about filing for bankruptcy.
Copyright © 2005 Investorama.com. All rights reserved., Investorama.com. All rights reserved.
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Loan Type Today Last Week 30 Year Fixed 5.76% 5.69% 15 Year Fixed 5.36% 5.28% 1 Year ARM 5.90% 5.85% 30 Year Fixed Jumbo 7.04% 6.97% 5/1 ARM 5.23% 5.09% 3/1 ARM 5.20% 5.02% Source: Bankrate -
Loan Type Today Last Week $30K Home Equity Loan 7.51% 7.42% $50K Home Equity Loan 7.37% 7.26% $75K Home Equity Loan 7.56% 7.50% $30K HELOC 5.01% 5.02% $50K HELOC 4.49% 4.17% $75K HELOC 4.48% 4.16% Source: Bankrate -
Loan Type Today Last Week 36 Month New Car Loan 6.80% 6.66% 48 Month New Car Loan 6.92% 6.58% 60 Month New Car Loan 6.64% 6.57% 72 Month New Car Loan 7.19% 7.10% 36 Month Used Car Loan 7.16% 7.17% 48 Month Used Car Loan 7.05% 6.89% Source: Bankrate -
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