Persistent problems paying debt & bills
or over spending mean it may be time to call for help. Here
are the warning signs -- and here's what to do about it.
"You know you need to look for help from
a debt counseling when . . ."
It may sound like a clowning routine
opener, but for lots of people it's definitely not a joking
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 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 15 instances that could
indicate that your balances are getting the better of you and
that debt counseling might help.. locate an institution to
consolidate charge card debt
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 bills. For example, you
apply for another credit card and use cash advances from it to
pay an existing card.
You have more credit cards than a
successful gambler has poker chips
You are at or perilously near the limit
on each of your cards.
You consistently charge more each month
than you make in payments.
You are working overtime to keep up with
your card payments.
You don't know how much you owe and
really don't want to find out.
You have received phone calls or letters
about delinquent debt and bills payments.
You are using your credit card to buy
necessities like food or gasoline.
Your credit 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 debt.
You are hiding the true cost of your
purchases from your spouse.
You're playing the department store 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.
If you have the unfortunate circumstance
of realizing you relate to the above signs don't panic you
have choices. Speak with a debt counseling or debt advisor,
most will give you a free consultation and a quote. locate an
institution to consolidate credit card debt and bills
