Whether we have a huge salary or not, proper financial management is very vital. The same thing goes with your debts - one should always practice good debt management.So how does one consider having bad debt management? Is it when you don’t have the money to pay for all your debts?
Bad debtmanagement starts whenyou can’t pay all your monthly dues. You start to miss bill due dates andsometimes, fail to pay a certain bill. There are even days when you receivesucceeding calls from your different creditors. It is still considerable ifthey call you at your own home, but by the time you get a call from them at thework, now that can be very embarrassing for you. And worse, legal actions willbe then made against you due to unsettled accounts.
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