1. You get to the cycle of paying only the minimum amounts. When what you have is only enough for the minimum payments, it means you can’t get through paying your entire debt. In case you don’t know, the minimum payment covers the interest with only a few dollars going toward the principal.
2. You can’t keep track of all your bills. When you begin to overlook some bills, that means you need someone to help you create your debt payment plan. Maybe it was not intentional; it’s just that the bills are too much for your income to handle.
3. You kept on trying but your efforts aren’t enough. To be stuck in the cycle of debt is perhaps the most frustrating part of this ordeal. When you keep on failing, getting out of debt must be overwhelming to you. Look for support and accountability. You need some help.