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Financial Stress Test
Answering yes to any of the following questions could mean you are having credit trouble.
Are payments to creditors taking up more and more of your monthly income?
Have you lost track of how much money you spend each month on debt?
Are you at, or over, the limit on any of your lines of credit?
Do you have to decide which bills to pay each month and which to put off until the following month?
Do you pay late penalties often or every month?
Do you make only the minimum payment month after month or skip payments?
Do you find yourself borrowing from one card to pay another?
Do you frequently use cash advances from credit cards?
Do you write post-dated checks?
Do you charge small expenses because you do not have the cash to pay for them?
Do you use your savings to pay current bills and everyday expenses?
Has your credit card been declined or have you been turned down for additional credit?
Have you been putting off medical and dental visits, car repairs, or other maintenance because you don’t have the cash to pay for it?
Are creditors starting to contact you for payment?
Have you lost track of how much you owe?
Do you worry a lot about money?
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