Are you in debt trouble?

Are you getting into debt trouble?

Posted: Thursday, May 25, 2000

NEW YORK (AP) -- Here's a quick quiz, developed by the National Foundation for Credit Counseling, to help you determine if you've got a debt problem.

The foundation is a nonprofit umbrella for 1,500 credit counseling services around the nation.

n Are you unsure about how much you owe? Do you skip some bills to pay others?

n Do you have insufficient cash saved to see you through an emergency?

n If you lost your job, would you have trouble paying for your basic living expenses?

n Have you postponed medical or dental appointments because you can't afford them right now?

n Do you find that you and your spouse argue about money?

n Are you receiving calls from creditors about overdue bills?

n Do you find yourself exceeding your monthly budget for necessities like groceries and gas?

n Are you using an increasing percentage of your monthly income to pay off debts?

n Can you only make the minimum payments on your credit cards?

If you answered ''yes'' to:

n 1-2 questions. You may be developing financial problems and should consider visiting a budget counselor to avoid the risk of serious trouble in the future.

n 3-5 questions. You are on the edge of financial disaster. Develop a plan to regain control of your situation.

n 6-10 questions. You're in over your head. Act now to take control of your finances.

A counselor can help you develop a realistic plan to repay debt.

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