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Debt Problem Warning Signs
How To Tell When Credit Counseling Help Is Needed
Debt is a slippery slope. Once you fall into it, getting out can be very difficult. This is especially so if debts have accumulated and repayment calls for too much of your monthly take home incomes. At Consumer Credit of America, our credit counseling service is here to assist.
To enjoy the benefits a consumer credit counseling service can deliver, you need to recognize the fact that help might be required. There are warning signs that can tell you if you’ve fallen into debt far enough that credit counseling might be in order. Some of the signs to watch for include:
- Having required monthly payments to creditors total 20% or more of take home income - not including rent or mortgage. This is a sign of financial stress. Our programs can often help. Operating like debt consolidation loans, only better, they help you reduce the monthly burden while working toward a clearing of debts.
- Using savings for daily expenses.
- Using cash advances from credit card issuers to pay other creditors and/or daily expenses.
- Paying the minimum amount due on your bills or LESS each month. Our consumer credit counseling services can often put an end to this.
- Not knowing how much you owe. If you cannot keep track of your debts, it’s very likely you’re in over your head and could benefit greatly from credit card consolidation and other forms of assistance.
- Receiving calls or letters from creditors due to not paying on time.
- Fighting in the home due to money problems. Credit counseling can take the pressure off and help restore a sense of financial well being. While working through a repayment plan will take time, our consumer credit counseling professionals can often alleviate the immediate stressors on family life.
- Experiencing creditor's law suits, repossessions or garnishment of wages.
If you are experiencing any of these signs, you may be in or heading towards serious financial trouble. Consumer Credit of America is here to assist with free, no obligation consultations that can help get your finances back on track. Our credit counseling professionals will work directly with you to:
Assess your situation – Our credit counseling professionals will work directly with you to assess your situation and provide solutions tailored to meet your needs and goals.
Reduce debt – Our counselors will work hard on your behalf to eliminate or reduce interest and fees on your outstanding debts. It is our aim to help you repay your debt as quickly and efficiently as possible.
Create a plan that works – Our credit card consolidation and debt repayment programs aren’t all that we offer. We also provide our clients with a budget that works for their unique circumstances.
Getting into debt is easy. Getting out of it often requires some assistance. The credit counseling professionals at Consumer Credit of America are here to assist. Just call us at 800-955-5765 for a free, no obligation consultation.
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