Credit and Bankruptcy Law


How do you know if you have too much debt?

If you only can make minimum payments on credit cards, that is a sign that you have more debt than you can handle. If you have to use your credit cards regularly for items—such as groceries and meals—that you used to pay in cash, that could be another telltale sign that you are carrying too much debt. If you have exhausted your savings to pay for normal living expenses, that is another possible warning sign that you have too much debt. Another warning sign is if you are regularly making late payments. Those will be reported and result in a lower credit score.


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