Question

List three (3) warning signs that a person's may be reaching a critical point in the amount of debt that he or she has accumulated.

Answer 1

1)credit cards being at their limits,
2) using cash advances on credit cards to pay bills,
3) making late payments.

Hope this help.

Answer 2

Answer: These can be explained as follows

Explanation:

A. USAGE OF SAVINGS :-

Unusual usage of savings by an employed person can mean that the person is using his or her regular income for the purpose of paying the debt, which indicates high level of debt.

B. SELLING OR RENTING ASSETS :-

If a person who is employed starts selling or renting fixed assets owned by him then it is a sign of heavy debt.

C. Credit card limits :-

If the credit card bills of a person are going close to their limits on a regular basis then that person might be getting critical with respect to debt position.