10 Signs Your Credit Card Debt Is Out of Control and How to Fix It
10 Signs Your Credit Card Debt Is Out of Control and How to Fix It Credit cards that are maxed out or nearly maxed out become a burden instead of a convenience. With little available credit, they no longer are useful for emergencies or other unexpected expenses, the high balances can damage your credit scores, and the debt can become unmanageable when high-interest rates make it difficult to pay down the balances. KNOW WHEN TO REIN IN YOUR SPENDING No external gauge lets you know when your credit card debt is getting out of control. Your credit card issuers aren't going to warn you that your balances are more than you can afford to pay. Instead, it's up to you to watch for these 10 signs that show that your debt is out of control: Cards are maxed out or above the credit limit. This can happen quickly if you don't pay your balance every month. Multiple maxed-out credit cards compound the problem. If balances exceed limits, expect the card issuer to r