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 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 and bills
Your charge 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. For example, you
apply for another 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 department store cards.
You systematically 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 debt payments.
You are using your card to buy
necessities like food or gasoline.
Your department store 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 cost of your
purchases from your spouse.
You're playing the department store 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 bills.
If you have the unfortunate circumstance
of realting to this don't panic you have options. Speak with a
money counseling or bills advisor, most will give you a free
consultation and a quote. locate an institution to consolidate
charge card debt & bills
