What is (are)the signal(s)of potential debt problems?
A)Paying only the minimum balance each month.
B)Missing payments or paying late.
C)Using savings to pay normal bills.
D)Depending on overtime to meet normal expenses.
E)All of the above are danger signals.

Question

Quizplus · Accepted Answer

All of the listed options are potential signals of debt problems. Paying only the minimum balance can lead to accruing high-interest debt, missing payments or paying late can result in late fees and damage to credit score, using savings to pay normal bills can deplete emergency funds, and depending on overtime to meet normal expenses may not be sustainable in the long run. It is important to address these signals and create a plan to manage debt and improve financial stability.

What Is (Are)the Signal(s)of Potential Debt Problems