Symptoms of Out-of-Control Debt

The most difficult part of any financial crisis is realizing that there is indeed a problem. Many people wait until it is too late to seek help. Here is a list of signs that your debt might be overwhelming you:

1. Can’t afford minimum payments
2. Numerous missed payments.
3. Use credit cards to pay for basic necessities such as food.
4. Creditors are calling.
5. Constantly worried about your debts.
6. Debt is causing problems in your relationships.
7. Thinking about bankruptcy.
8. Had to take on a second job or ask for overtime.
9. Required to use cash advance services.
10. Your family has mentioned their concern for your financial situation.
11. Debt causing you to feel desperate and confused all the time.
12. You don’t even look at your bills now because it depresses you too much.
13. Are constantly transferring balances.
14. Don’t sleep well at night because of your debt.
15. Charge more than you make monthly.
16. Are going without basic needs to pay bills.

If you identify with one or more of these symptoms, it may be time to seek professional help. An expert is better able to explain your Debt Relief options to you and can often help you avoid bankruptcy.

Scott Wallitsch is a certified IAPDA debt arbitrator for DebtorSolution. He provides Debt Settlement and Debt
Consolidation advice to clients who are looking to become financially free and economically independent.