Signs That A Person Might Be Abusing Their Credit Cards

This article discusses some of the signs that people should watch out for if they are relying too much on their credit cards.  People should keep up with their credit and take action if their credit score starts to suffer.  If the minimum payment is all that a person can afford when paying down the credit cards then there is a problem.  Shuffling debts around is another sign of a problem that people should be alert about.  It is also a bad sign if a person is maxing out their credit cards and reaching their limit.  People can get control of the situation by reducing the amount of money they spend and consolidating their debt.  It is also a good idea to ask for a lower interest rate and to pay back more than just the minimum required payments. 

See Matthew Frankel, 4 Signs You’re Abusing Your Credit Cards, My San Antonio, March 28, 2016.