If you are having debt problems or are concerned about your financial situation, you are not alone. Layoff, divorce, mismanagement, over obligation, and also catastrophic illness can affect people of all education levels and vocations. Your problem or concern is also shared by people in all walks of life. Are you seeing these debt warning signs?
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 lawsuits, repossessions, and/or garnishment of wages.
If you are experiencing any of these signs you may be in financial trouble or heading there with too much debt. The important thing to remember, there is help available. Contact the caring professionals at Consumer Credit of the Quad Cities for consumer credit counseling and consumer debt help.
