At some point while paying down debt, you may have wondered how much debt is too much. Tim Kosak, Consumer Lending Manager at Consumers Credit Union says, “While the answer to that question depends on your individual situation and budget, here are some general rules.”
Watch the video below, the fourth in the Consumers ConnectU September debt management series, to learn the guidelines experts recommend. If you’re left with questions about your own financial situation, stop by any of our offices or call us at 800.991.2221 to talk with a member service representative.
Did you miss our previous videos on managing debt? Catch up here.