The BBC has an interesting debt test, which tells you:
- whether you should worry about how much you borrow
- tips on how to avoid debt problems
- how to tackle your debts should you be in trouble
Luckily, with the answers I gave it reckons I haven’t got much to worry about at the moment, which is a relief.
It’s all pretty simple to do, should only take you a couple of minutes and does give some useful pointers and links to further resources, should your debts be a real problem.
Obviously, everyone’s situation is different, but I’d recommend taking the test, as if nothing else, it might make you think about your debt situation.
The Debt Test was developed jointly by the BBC, the Financial Services Authority (FSA), and Experian.