If you are wondering if you are headed into debt, then chances are rather good that you are already in debt. In fact, serious trouble could be right around the corner.
The truth is that there are many Americans in debt who probably are not yet aware of it. If you have also been thinking about getting a debt consolidation loan, or a bill consolidation loan, then you are probably in deeper in debt than you realize.
Lenders recognize that people with debt over a certain amount means that there is a higher likelihood that they will have problems paying back a loan on time. Generally, the maximum amount is about 38%, when you compare the debt to income ratio.
If you are not sure how much debt you actually have, or what the percentage of debt you have is in relation to your income, then you may want to use a debt calculator. There is a free one online at MoneyCentral.msn. It may be time for you to face up to how much debt you really do have so that you can start to do something about it.