Persistent problems paying debt & bills
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 money counseling when . . ."
It may sound like a clowning 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 debts. 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 credit counseling might help.. locate an institution to
consolidate credit 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 charge 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 credit cards.
You consistently charge more each month
than you make in payments.
You are working overtime to keep up with
your credit 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 & bills payments.
You are using your card to buy
necessities like food or gasoline.
Your credit 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 expense of your
purchases from your spouse.
You're playing the credit 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 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
credit card debt and bills
