Home  >  Are You Ready for Homeownership?  > Debt Red Flags
 Share  Print Version  Email

Debt Red Flags

Provided by the International Finance Corporation

As you go through the list, select either YES or NO as they apply to your own personal situation.

  1. I normally pay only the minimum amount due on my credit card bills
    YES
    NO
  2. My credit card balances increase each month
    YES
    NO
  3. There are arguments in my home about money
    YES
    NO
  4. I sometimes hide purchases from my spouse
    YES
    NO
  5. I frequently buy items with credit that I used to pay for with cash
    YES
    NO
  6. I have thought about filing for bankruptcy
    YES
    NO
  7. I have begun using cash advances from my credit cards to meet my obligations
    YES
    NO
  8. My credit cards are near the limit, so I’ve begun applying for new credit
    YES
    NO
  9. I do not know the total amount that I owe
    YES
    NO
  10. I skip paying certain bills some months, or pay late
    YES
    NO
  11. I have depleted my savings
    YES
    NO
  12. I am consumed with thoughts of my debt load
    YES
    NO
  13. My debt interferes with my job and/or home life
    YES
    NO
  14. Collectors have begun contacting me
    YES
    NO
  15. I have taken money from my investment accounts to satisfy debt obligations
    YES
    NO
  16. If I lost my job, it would mean an immediate financial crisis in my life
    YES
    NO
  17. I use balance transfers from one credit card to another
    YES
    NO
  18. I have no emergency savings
    YES
    NO
  19. Next month’s bills arrive before I’ve paid this month’s
    YES
    NO
  20. I procrastinate and do not open my bills when they arrive, or soon thereafter
    YES
    NO
Copyright © 2000 - 2012, International Finance Corporation. All Rights Reserved.
 Share  Print Version  Email
Ratings (0)
Rate this item
Click on the stars below to rate this item.
You must be logged in to add a rating. Log in | Register
  

 

Discussion