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Six Warning Signs of a Financial Problem

The Federal Deposit Insurance Corporation offers the following guidelines to evaluate whether you are facing significant financial difficulties.

  • Loan payments, excluding mortgages, but including credit card charges, take up more than 20% of your monthly net income.
  • You are close to, or surpass, your credit card limit.
  • You must borrow to make payments on existing loans.
  • You only pay the minimum amount on your bill.
  • Lack of money is forcing you to pay bills late or postpone doctor's visits.
  • You must work overtime, or take a second job, to cover basic living expenses.

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