Warning Signs of Debt
Early indications that help you identify if debt is becoming a problem.
Debt Warning Signs - Credit Card Problems & Stress
How do you know when you may need help managing your money and debts? There are some definite warning signs, which may indicate that you need assistance with debt management. These warning signs can include:
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Difficulty paying bills on time
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Receiving collection calls or past due notices
- Living in your overdraft or line of credit
- Losing sleep worrying about debts
- Spending more than your income allows
- Not paying credit cards in full each month
- Impulsive spending due to financial worries
- Hiding spending or debts from a partner
- Allowing bills to stack up because you can’t pay them
- A decline by your financial institution to consolidate your debts
- No budget or spending plan in place
- Feelings of hopelessness that you’ll never get out of debt
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Try This Quick Self-Assessment
Take a minute to assess your financial situation with this quick self-assessment tool. It will quickly assess your situation and suggest what you should do next. Based on your situation, it may also offer a number of suggestions for how you can work on improving your situation on your own.
Are You Experiencing Any of These Debt Warning Signs?
If any of these signs apply to your situation, we can help! Contact us today.
If you are experiencing some of these warning signs and are wondering what your next steps would be, click here.
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