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