Persistent problems paying debt 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 look for 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 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 money 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 card debt & bills
Your charge card balances are rising
while your income is decreasing.
You are only paying the the least amount
required on your accounts, or maybe even less than the
minimums.
You're juggling debt. For example, you
apply for another charge card and use cash advances from it to
pay an existing charge card.
You have more department store cards
than a successful gambler has poker chips
You are at or perilously near the limit
on each of your department store cards.
You consistently 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 bills payments.
You are using your charge 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 cost of your
purchases from your spouse.
You're playing the credit 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 realizing you relate to the above signs don't panic you
have options. Speak with a money counseling or debt & bills
advisor, most will give you a free consultation and a quote.
locate an institution to consolidate charge card debt
