Persistent problems paying debt and
bills or over spending mean it may be time to call for help.
Here are the warning signs -- and what to do about them.
"You know you need to seek 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 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 credit counseling?
Here are 15 instances that could
indicate that your balances are getting the better of you and
that money counseling might help.. locate an institution to
consolidate department store card debt
Your charge card balances are rising
while your income is decreasing.
You are only paying the absolute minimum
required on your accounts, or maybe even less than the
minimums.
You're juggling debt and bills. For
example, you apply for another charge card and use cash
advances from it to pay an existing card.
You have more charge cards than a
successful gambler has poker chips
You are at or perilously near the limit
on each of your credit 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 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 bills.
You are hiding the true cost of your
purchases from your spouse.
You're playing the charge card game by
signing up for every charge 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 & bills.
If you have the unfortunate circumstance
of relating to these warning signs don't panic you have
choices. Speak with a money counseling or debt & bills
advisor, most will give you a free consultation and a quote.
locate an institution to consolidate department store card
bills
