Need Help with Debt? spot the signs of Financial trouble
Recognizing the warning signs that you may be carrying too much debt can help you prevent a small debt management problem from growing more serious.
Debt warning signs include:
- Frequently paying bills after they are due
- Making only the minimum payment required
- Being unable to pay the monthly minimum payments
- Skipping payments on some bills in order to pay others
- Using cash advances on one credit card to pay off another
- Panicking when faced with an unexpected expense (e.g. car repair)
- Arguing with your spouse about money, or being afraid to talk to your spouse about money
- Being turned down for credit or a loan
- Receiving calls from creditors or a collection agency
- Asking friends or family for loans
- Feeling stressed and anxious about your financial situation
- Being unable to sleep or concentrate because of your finances
- Having your telephone, electricity or other utilities cut off
If you are experiencing any of these debt warning signs, and asking yourself the question 'who can help me with debt?', it may be time to seek professional advice. The earlier you do, the more options you will have available. For complete information, and to answer your questions thoroughly, we encourage you to contact your local BDO office or request a call.