Other’s people money is a leverage tool. Credit card. Personal loans. Overdraft. Share margin facilities. Business on credit. Thus, please use it wisely. Leverage is always a double edge sword.
If you know how to manage a good debt and bad debt, you’ve found a way to heaven - err.. worldly heaven. But, if you’re not, welcome to the hell.
“If you think that nobody cares whether you’re alive, try missing a couple of car payments” - Earl Wilson
Here is the 5 signs that you’re in credit card troubles :
1. You exceed or frequently approach the credit limit on your accounts
2. You pay bills in 60 - 90 days instead of the usual 30 days
3. You are unable to meet the minimum repayment amount on your credit cards
4. Your various credit cards allow you to juggle payment of bills
5. You receive calls from creditors
Well, if you have all these signs, you may interested to read the previous article on how to settle you credit card debt.
5 Comments
thanks Pak Di for keep reminded me on this hopefully im not at this type…wish i can settle all in a year…amin
u’re welcome. debt must be managed properly. may the force be with you
may the force be with me too.
thanks pakdi.
amin
knowledge + effort + tawakkal = success
I’m only in stage 1 & 2, but still it is troublesome. I hope I can eliminate all troubles.