Which one of the following is not a danger signal of potential debt problems?
A)Paying the minimum balance due each month
B)Receiving second or third payment notices from creditors
C)Using savings to pay routine bills
D)Repaying loans faster than required
E)Depending on overtime and moonlighting to meet everyday expenses

Question

Quizplus · Accepted Answer

Repaying loans faster than required is not a danger signal of potential debt problems. It is actually a positive financial behavior that can help decrease overall debt and interest paid. The other options, paying only the minimum balance, receiving multiple payment notices, using savings for routine bills, and depending on overtime or moonlighting for expenses, are all warning signs that debt problems may be looming.

Which One of the Following Is Not a Danger Signal