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15
warning signs you need help with your debt! |
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Persistent problems paying bills or over
spending mean it may be time to call for help. Here are the
warning signs -- and what to do about them.
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"You know you need
to seek help from a credit counselor when . . ." |
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It may sound
like a comedy routine opener, but for lots of people it's
definitely not a laughing matter. Many who are weighed down
with debt opt first for self-help, trimming back on spending
and keeping a close eye on accounts. But much like losing
weight, some people have the willpower to shed a few pounds on
their own while others require the help of a personal trainer.
When do you need to call in a financial fitness expert? |
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Here are 15
instances that could indicate that your balances are getting
the better of you and that credit counseling might help.. |
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Your credit card balances are
rising while your income is decreasing. |
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You are only paying the minimum
amounts required on your accounts, or maybe even less
than the minimums. |
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You're juggling bills. For
example, you apply for another credit card and use cash
advances from it to pay an existing card. |
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You have more credit cards than
a successful gambler has poker chips |
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You are at or perilously near
the limit on each of your credit cards. |
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You consistently charge more
each month than you make in payments. |
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You are working overtime to
keep up with your credit card payments. |
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You don't know how much you owe
and really don't want to find out. |
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You have received phone calls
or letters about delinquent bill payments. |
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You are using your credit card
to buy necessities like food or gasoline. |
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Your credit cards are no longer
used for the sake of convenience, but because you don't have
money. |
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You are dipping into savings or
your IRA to pay your monthly bills. |
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You are hiding the true cost of
your purchases from your spouse. |
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You're playing the card game by
signing up for every credit card that sends you an unsolicited
offer. |
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You have just lost your job, or
are fearful that you are about to, and are concerned about how
you will pay all your bills. |
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If you have the unfortunate circumstance of
relating to these warning signs don't panic you have options.
Speak with a credit councilor or debt advisor, most will give
you a free consultation and a quote. |
