Which of the following is/are a signal of potential debt problems?
A)Paying only the minimum balance each month
B)Missing payments or paying late
C)Using savings to pay routine bills
D)Depending on overtime to meet everyday expenses
E)All of these are danger signals

Question

Quizplus · Accepted Answer

All of these are potential signals of debt problems. Paying only the minimum balance each month may mean high interest charges and a long repayment period. Missing payments or paying late can lead to penalty fees and damage to credit scores. Using savings to pay routine bills can leave individuals without a safety net in case of emergencies. Depending on overtime to meet everyday expenses may not be sustainable and can lead to burnout.

Which of the Following Is/are a Signal of Potential Debt