Debt Warning Signs

If you are having debt problems or are concerned about your financial situation, you are not alone.  Layoff, divorce, mismanagement, over obligation and catastrophic illness can affect people of all education levels and vocations.  Your problem or concern is shared by all walks of life. Check below, do you show any of these Debt Warning Signs?

  • You have never been late or missed a credit card payment, but your balances keep increasing each month.
  • Charging or using cash advances from credit cards to make ends meet each month.
  • Unable to maintain or add to savings.
  • Only paying the minimum amount due on your bills or LESS each month
  • Required monthly payment to creditors (not including rent or mortgage) total 20% or more of take home income.
  • Not knowing how much you owe.
  • Receiving calls or letters from creditors due to not paying on time.
  • Using a 401K loan to pay off credit card debt.
  • Using payday loans
  • Fighting in the home due to money problems.
  • Creditor’s law suits, repossessions and/or garnishment of wages.

If you are experiencing any of these signs you may be in financial trouble or heading there.  The important thing to remember, there is help available.