Stay updated on our latest
articles with RSS
If your life is running on debt, you better watch out for the following signs just so that you know the last drop of debt, after which you will seriously have to consider debt management help…
1. Every time you pick up the phone, it’s a call from your creditor badgering you about overdue bill payments.
2. You now pay all your bills from your savings, your retirement funds or your kids’ college funds.
3. You are cutting down on family time and working overtime just so that you can pay your bills.
4. Approximately 20% of your monthly income is drained away settling your debts (excluding mortgage).
5. Credit cards, not cash, are found mostly in your handbag!
6. Banks are not too interested in lending you money and credit card companies reject any applications you make to them for credit cards.
7. You always have a new credit card to pay off your existing credit card bill.
8. You never pay more than the minimum amount due on all your bills and you are just a few dollars away from your credit limit on all your cards.
9. Bills are put aside at least for a few days or few weeks before being paid.
10. Every time you look at the amount you owe on your credit card, you are shocked because until then you had no idea how much you owed on your cards.
11. You applied for a debt consolidation loan and it has been rejected, most probably because your debt-income ratio is too high.
12. You have more than 2 cards since at least ONE card can be used whenever you go shopping.
13. You don’t let any of your family touch your credit card statements.
14. You take the cheapest insurance policy on you so that you have to make small insurance payments.
15. You are unemployed and feeling suicidal because you have no idea how you are going to pay off your credit card bills and loans!
If any of the above signs apply to you, you better start thinking of some means of debt relief or debt management! Start looking NOW…Remember, even the largest debt pile can be paid off; all it requires is proper planning and management skills. Don’t ignore your debts and let them pile up to the height of the Everest. Face your debts, get professional help if need be and work towards a debt-free life.
Bizymoms has been helping provide moms with information on everyday matters and important issues. Now they have partnered with Freedom Financial Network to better inform moms about credit debt relief options.
1. Every time you pick up the phone, it’s a call from your creditor badgering you about overdue bill payments.
2. You now pay all your bills from your savings, your retirement funds or your kids’ college funds.
3. You are cutting down on family time and working overtime just so that you can pay your bills.
4. Approximately 20% of your monthly income is drained away settling your debts (excluding mortgage).
5. Credit cards, not cash, are found mostly in your handbag!
6. Banks are not too interested in lending you money and credit card companies reject any applications you make to them for credit cards.
7. You always have a new credit card to pay off your existing credit card bill.
8. You never pay more than the minimum amount due on all your bills and you are just a few dollars away from your credit limit on all your cards.
9. Bills are put aside at least for a few days or few weeks before being paid.
10. Every time you look at the amount you owe on your credit card, you are shocked because until then you had no idea how much you owed on your cards.
11. You applied for a debt consolidation loan and it has been rejected, most probably because your debt-income ratio is too high.
12. You have more than 2 cards since at least ONE card can be used whenever you go shopping.
13. You don’t let any of your family touch your credit card statements.
14. You take the cheapest insurance policy on you so that you have to make small insurance payments.
15. You are unemployed and feeling suicidal because you have no idea how you are going to pay off your credit card bills and loans!
If any of the above signs apply to you, you better start thinking of some means of debt relief or debt management! Start looking NOW…Remember, even the largest debt pile can be paid off; all it requires is proper planning and management skills. Don’t ignore your debts and let them pile up to the height of the Everest. Face your debts, get professional help if need be and work towards a debt-free life.
Bizymoms has been helping provide moms with information on everyday matters and important issues. Now they have partnered with Freedom Financial Network to better inform moms about credit debt relief options.