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 these are danger signals

Question

Quizplus · Accepted Answer

All of the listed options are danger signals that indicate potential debt problems. Paying only the minimum balance each month can lead to high interest charges and a longer payback period. Missing payments or paying late can harm credit scores and accrue extra fees. Using savings to pay normal bills can quickly deplete emergency funds. Depending on overtime to meet normal expenses may not be sustainable and can lead to financial strain.

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