12 Debt Warning Signs

How can you know when you are truly in need of help to get your debt and your finances back on track? There are actually some clear warning signs, which may indicate that you need assistance with your debts. These warning signs can include the following:

1. Difficulty paying bills on time
2. Receiving collection calls or past due notices
3. Living in your overdraft or line of credit
4. Losing sleep worrying about debts
5. Spending more than your income allows
6. Not paying credit cards in full each month
7. Impulsive spending due to financial worries
8. Hiding spending or debts from a partner
9. Allowing bills to stack up because you can’t pay them
10. A decline by your financial institution to consolidate your debts
11. No budget or spending plan in place
12. Feelings of hopelessness that you’ll never get out of debt

If you are experiencing some of these warning signs and are wondering what your next steps would be, we suggest you speak with a non-profit Credit Counsellor. Most non-profit Credit Counsellors can provide you with confidential, non-judgmental coaching about your situation for free or for a very small amount of money. Non-profit Credit Counsellors can lay out all of your options for you and then let you chose what you think is best. They are a tremendous resource. Why not take advantage of their help and take a load off your mind? Click here to find a not-for-profit Credit Counsellor in your area.