Financial Literacy Month: Dealing With Debt That’s Out Of Control

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According to Debtor’s Anonymous, there are a number of signs that indicate you might have a serious problem with debt.

by Kandiss Edwards

If you’re like most people, you probably have debt. From student loan debt to credit card and mortgage debt, it’s the weight on your shoulders that won’t seem to lighten. But how do you know when debt is spiraling out of control? When is it time to get help?

Debtor’s Anonymous, an organization that helps consumers struggling with debt, lists the following signs that you might have a serious problem with debt: being unclear about your financial situation, not knowing account balances, monthly expenses, loan interest rates, fees, fines, or contractual obligations.

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