Why is it important to monitor your debt level?
A) So it does not become so high that you cannot cover the monthly payments
B) So that you maintain a liquidity ratio of at least 2.5
C) In order to qualify for another credit card to capture the introductory points
D) So that your total debt does not exceed your annual income

Question

Quizplus · Accepted Answer

Monitoring your debt level is crucial to ensure it does not become unmanageable, allowing you to cover monthly payments and avoid financial distress.

Why Is It Important to Monitor Your Debt Level