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 get help from a
money counseling when . . ."
It may sound like a comedy routine
opener, but for lots of people it's definitely not a laughing
matter. Many who are weighed down with debt & bills opt first
for self-help, trimming back on spending and keeping a close
eye on debts. 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 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 card bills
Your credit card balances are rising
while your income is decreasing.
You are only paying the minimum amounts
required on your accounts, or maybe even less than the
minimums.
You're juggling debt. For example, you
apply for another department store card and use cash advances
from it to pay an existing 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 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 your ballances
are and really don't want to find out.
You have received phone calls or letters
about delinquent debt & bills payments.
You are using your 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 and bills.
You are hiding the true cost of your
purchases from your spouse.
You're playing the credit card game by
signing up for every department store 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 realizing you relate to the above signs don't panic you
have options. 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
