Poor money management isn’t always the cause of financial problems. Sometimes situations beyond our control happens, such as job loss, divorce, a death of a spouse, health problems, or a change in household income can lead to financial problems.
Watch out for these common financial warning signs:
Your credit cards are always “maxed out”
You’re using advances from one credit card to make bill payments
You’ve missed one or more loan payments
You’ve missed a mortgage payment
Collection agents are calling you at home and at work
Collection agents are threatening you with legal action