10 Warning signs you have debt problems

Debt: Everybody’s got it. When you face problems with debt, it can consume all your thoughts and distract you from everything else – your family, work, and even can keep you awake at night.

While it can be easy to assume that financial stress is due to a lack of money, those who have enough also can feel equally stressed about their finances. It can be difficult to realize when you’ve reached a critical point with your debt situation. How much debt is too much? Some people struggle with $3,000 dollars in debt. Others can handle $30,000. Regardless of the size of your debt, your ability to repay your debt matters. There are many warning signs that may indicate you are in need of assistance in order to get your finances back on track.

Here are 10 common warning signs that you may be experiencing debt problems:

1. You’re only making the minimum payments on your credit cards and/or line of credit each month
2. You avoid answering the telephone for fear of who is calling
3. Difficulty paying bills on time
4. You’re transferring balances from one line of credit or credit card to another
5. You live off of your overdraft and lines of credits
6. You take cash advances from your credit cards or borrow money from family or friends to pay regular monthly living expenses
7. A decline by your financial institution to consolidate your debts
8. Losing sleep worrying about your financial situation
9. You don’t save any money at the end of the month because it all goes to interest costs
10. Feelings hopeless that you will never get out of debt

Even if you only have two warning signs, it’s important to take action immediately. Regardless of the cause of your financial stress, take steps to get professional advice and seek reliable guidance.

Our reputable experienced Financial Advisors will find a Personalized Debt Solution through a variety of financial products and services available.

The sooner you acknowledge a money problem and address it, the sooner you’ll make positive financial changes.

We offer FREE, confidential, and no-obligation Consultation!