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Warning Signs of Debt Problems 1. You don't have any savings. 2. You make minimum payments on your credit cards. 3. You use credit cards for things you used to buy with cash, such as groceries. 4. You use increasing amounts of your total income to pay off debts. 5. You have more than two or three major credit cards. 6. After you pay your credit card bill, you increase your balance by the same amount (or more) the following month. 7. You're at or near your credit limit on your credit cards. 8. You count on the float in order to pay your bills, writing a check hoping that you'll be able to cover it by the time it clears your bank. 9. You're unsure of the total amount you owe on all your debts. 10. You take out cash advances on your credit card to pay other bills. 11. You've tried to make a purchase with your credit card and been declined. 12. You've been denied credit. 13. You bounce checks. 14. You get calls from collectors. 15. You lie to your spouse or other family member about your spending or hide credit card statements from family members.
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