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There are many telltale signs that will indicate you may be headed for debt trouble. I have gathered about a dozen areas for you to look at. If you answer yes to a couple of them, be warned. 1. Are your credit card balances rising while your income level has stayed the same or has decreased? 2. Are you only paying the minimum or less than the minimum balances on your credit card accounts? 3. Are you hiding the true cost of purchases from you spouse? 4. Are you using your credit cards not out of convenience or "rewards" but because you don't have enough money coming in to make ends meet? 5. Are you receiving letters or phone calls from creditors about delinquent payments? 6. Are you using one credit card to pay the current monthly bill on another credit card? 7. Are you charging more each month than what you make in credit card payments? 8. Are you working overtime just to keep up with your minimum credit card payments? 9. Are you near the limit or maxed out on your existing credit cards? 10. Are you constantly applying for unsolicited credit card offers? 11. Are you tapping into your savings or IRA to pay you monthly bills? 12. Are you concerned about how you will pay all of your bills each month? In addition, if you don't know how much you actually owe chances are you are headed for trouble. As you answer these questions and you start to feel "uneasy", it's time to take action. You should immediately set up a budget and gather up the actual amounts you owe to each of your creditors. You should also seek out some professional advise if, after you do the math, the numbers show that you are over your head in debt. As always, to learn more about your options and managing your debt, log onto www.debtreliefoptions.com. Jon Noble
Staff writer
Debt Relief Options
asktheexperts@debtreliefoptions.com
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