In Singapore, it's common to have some form of debt, whether it is for education, mortgage loans, credit card bills or installment payments.
However, such debts can trun into problems if they are not managed well. One of the sign that debt is a problem is using credit card to pay for living expenses till the next paycheck. Another sign is when the outstanding amount to be paid is increasing.
People get into debt problem because their income dropped substantially due t...