How to Handle Debt
How much debt is too much? It depends. That’s not the answer you wanted, perhaps, but it’s the only sensible one: It depends on how easily you can repay the money and what you borrowed it for in the first place.
The stories below will help you realize whether you’ve taken on too much debt and, if so, how to get it under control. If you’re too far in over your head, we also explain the basics of bankruptcy—which always should be a last resort.
- Warning Signs of Too Much Debt. You’re headed for trouble if you pick up these distress signals.
- How to Get Out of Debt. There are several steps you can take to ensure your credit rating isn’t ruined.
- Bankruptcy: The Last Resort. The law doesn’t make it easy, and it’s not something you should tackle on your own.
Quicken has made the material on this blog available for informational purposes only. Use of this website constitutes agreement to our Terms of Use and Privacy Policy. Quicken does not offer advisory or brokerage services, does not recommend the purchase or sale of any particular securities or other investments, and does not offer tax advice. For any such advice, please consult a professional.