Persistent problems paying debt and
bills 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 clowning routine
opener, but for lots of people it's definitely not a laughing
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 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 credit counseling?
Here are fifteen instances that could
indicate that your balances are getting the better of you and
that credit counseling might help.. locate an institution to
consolidate card debt
Your 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 card and use cash advances from it to pay an
existing credit 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 charge cards.
You systematically 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 your ballance is
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 charge 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 debt.
You are hiding the true expense of your
purchases from your spouse.
You're playing the charge 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 options. Speak with a money counseling or debt advisor,
most will give you a free consultation and a quote. locate an
institution to consolidate department store card bills
