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Falling in debt

Submitted by on Tue, 04/12/2011 - 03:42
Posts: 202330

What are the indicators for a person to guess he is falling in debt?

I agree with Bob. If you have to ask you probably are. some other indicators are your debt to income ratio like someone said above, can you just afford the minimum payments on credit cards as credit card companies love that, are you starting to fall behind on payments, are you deciding which card to pay late this month. these are all signs that you are too far in debt. Get out of debt asap.

Submitted by on Thu, 05/12/2011 - 11:05

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Get out of debt asap.

The time when you start struggling while meeting your outstanding loans or credit cards is the time when you're actually falling into debt.
Keith is right. You have to find a way to get out of it. You may negotiate with your creditor and set-up a repayment plan that's feasible. Alternatively, you may simply hire a settlement company. Whichever way you choose to go, you have to pay consistently towards meeting your debt, so you need to have a clear idea of your current financial obligations.

Submitted by Jeorge Preston on Thu, 05/19/2011 - 22:28

Jeorge Preston

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are you?
you are fallin in a debt when you see you spend too much money than what you make. the bad is when you spend your money for something shouldn't be bought. and then all the things go around you will make you into a debt, or even more. be a wise shopper will help a lot.

Submitted by dls on Wed, 05/25/2011 - 19:16


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Yes, being a wise shopper truly helps. It really gets worse when we get tempted to buy something that looks attractive but costs more than what we have in our budget. Once we develop such a habit, we go deeper and deeper under our debt burden.

Submitted by on Fri, 05/27/2011 - 00:17

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Your debt-to-income (DTI) ratio is an indicator of your debt situation. This is a ratio of the percentage of your gross income that goes towards paying your debts every month. The higher your DTI is, the more you are in debt.
Even without calculating your DTI you can say you are in debt if you are unable to save anything and have plenty of bills to pay, which is becoming increasingly difficult for you.
I would suggest you immediately start following a budget if you think that you are in debt.
Thanks :)

Submitted by scarlett.brooks13 on Fri, 07/15/2011 - 21:50


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Everyone gave great answers, but the most simple clarifications came from Isabella and Jacqueline. Thank you. This really does sum it up for me as far as the debt to income ratio and/or not having savings. I would say living paycheck to paycheck is a sign your debts are rising too far.

Submitted by mydebtrelease on Tue, 08/07/2012 - 12:09


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The debt-to-income (DTI) ratio is the truest indicator of one's debt situation. The higher the ratio, the deeper you're in debts. It denotes the percentage of a person's monthly gross income that goes towards the repayment of debts. Calculate your DTI ratio regularly to keep a good track of your financial condition. It is also a way of preparing beforehand for any adversity that might present itself without a warning. For example, you can start saving money if your DTI ratio doesn't look too good.

Submitted by daniel.radcliffe0110 on Wed, 10/10/2012 - 04:19


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