When Do You Need Credit Counseling?
Just as there are many signals that can tell you when
you are overextended financially, there are signals
that will help you decide if you need the assistance
of a professional credit counseling service to resolve
your personal financial crisis. If you feel overwhelmed
by your debt problems, don’t know where to begin to
regain control over your financial situation, or feel
you can’t make the appropriate decisions to resolve
your money issues, it is probably time to consider the
services of a credit counseling agency.
If you can identify with any of the following situations,
contact a local non-profit credit counseling agency
for help.
- You find you are making minimum payments on your
credit cards for more than two consecutive months.
- You consistently live paycheck to paycheck with
little or no financial breathing room.
- You don’t want to answer your phone or check your
mail because you are worried about debt collectors
contacting you.
- You can't seem to develop a workable budget that
you can stick to.
- You have a negative debt-to-income ratio; in other
words, you spend more each than you have in income.
- You feel you can’t avoid bankruptcy.
- You have no other alternatives to get out of debt.
|
