Setting Reasonable Debt Limits

G1790
Published 2007

Using credit is a major part of managing personal or family finances for most people. However, credit and the resulting debt may allow people to spend beyond their means. Knowing how much debt you can afford without negative consequences by setting a Personal Credit Limit is one way to manage credit use.

To manage credit, ask yourself: how much debt can I afford?; when can I afford additional debt and how much?; how will I know if I am heading for credit trouble?; what will happen if I cannot pay my bills?

Publication Details

Authors

Kathy M. Prochaska-Cue

Sandra D. Preston

Subject

Financial Management

Publication Date January 01, 1991
Last Revision Date October 30, 2007
Language English
Formats

HTML / PDF

Series NebGuide