Five Giant Red Flags that You Have Too Much Debt

Debt is a part of life for most people.

Mortgages, car loans, personal loans, even store credit at the local dairy. But how much debt is too much?

When you’re doing your home budget, applying for a mortgage or making financial decisions, debt is a big part of the conversation. Loans on businesses, buildings, vehicles, a personal loan or credit cards are all a normal part of modern life.

But how do you know when you’ve taken on too much debt? Are you over-leveraged on your property or assets? There’s no magic percentage or figure, everyone is different. But there are three factors you need to assess.

Read more: