If you answer yes to any one of the following questions, you should take action:
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Have you run several credit cards up to the limit?
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Do you frequently make only the minimum monthly payments?
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Do you apply for almost any credit card you are offered--without checking out the terms?
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Have you used the cash advance feature from one card to pay the minimum payment on another?
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Do you use cash advances (or a credit card) for living expenses such as food, rent, or utilities?
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Are you unable to say what your total debt is?
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Are you unable to say how long it would take you to pay off all your current debts (excluding mortgages and cars) at the rate you have been paying?
If you find several of these statements describe your credit habits, it may be that you need to take steps to manage your debt before bill collectors start calling and your credit history is endangered.
