Stay in the know - Get out of debt - Stay out of debt

Signs That You Might Need Debt Assistance

April 28, 2009 by DebtGeniusNo Comments Tweet this post

Signs You Might Need Debt Assistance

How can you tell if you are a good candidate for a debt assistance program? It can be difficult to take a completely honest, hard look at the current state of your finances. Most of us are not apt to be that candid with ourselves, especially if we fear reprisal from our spouse or other family members.

We may fool ourselves into believing that our financial situation is not as bad as we think, or not as bad as other people who have lost their income or their retirement accounts. But is this really the truth?

Does This Describe You?

Take a look at these signs that you may need debt counseling.

• You are making only the minimum monthly payment due on credit card debt
• You are using your credit cards to pay for necessary expenses like groceries and gas
• There is nothing left in your savings or emergency account
• You wait until the last possible day to pay your bills
• You are “kiting” checks in the hope that they will clear before the funds are deposited into the lender’s account
• The debits on your bank account exceed the credits
• You are getting harassing phone calls from credit companies
• You are living paycheck to paycheck
• The amount of interest and fees you owe totals more than the amount of the original debt
• There is not enough money left over at the end of each month to pay for anything absolutely nonessential

There is Help Available

If two or more of these statements describes you, then your financial problems can probably not be solved without the help of a debt assistance professional.

Obviously, the solutions you have tried in the past are not working. Something has to be done. Consider debt counseling to get you back on the right track and once again take control of your finances. This fix is more than worthwhile to bring back your peace of mind.

Facing the brutal reality of your situation and admitting that you need debt assistance is the first step towards recovery.

  Filed under Uncategorized

This entry was posted on Tuesday, April 28th, 2009 at 3:55 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.