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 get help from a
money counseling when . . ."
It may sound like a drollery routine
opener, but for lots of people it's definitely not a laughing
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 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 debt counseling?
Here are fifteen instances that could
indicate that your balances are getting the better of you and
that money counseling might help.. locate an institution to
consolidate charge card debt and bills
Your 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 and bills. For
example, you apply for another department store card and use
cash advances from it to pay an existing charge 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 charge cards.
You systematically charge more each
month than you make in payments.
You are working overtime to keep up with
your charge 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 payments.
You are using your credit card to buy
necessities like food or gasoline.
Your 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 and bills.
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 credit 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 bills.
If you have the unfortunate circumstance
of relating to these warning signs don't panic you have
choices. Speak with a credit counseling or bills advisor, most
will give you a free consultation and a quote. locate an
institution to consolidate charge card debt & bills
