Some signs you may need assistance
- You borrow from one credit card to pay another
- You spend more than 20% of your net pay for debts
- You have more than 7 creditors to pay each month
- You make only the minimum payment amounts each month
- You make partial or late payments
- You miss monthly payments
- You are considering a loan consolidation
- You use savings to pay daily expenses (such as groceries, gas or utilities) or you have no savings account
- You use credit to pay daily expenses (such as groceries, gas or utilities)
This is a complicated area of law and an attorney should be consulted on all matters relating to bankruptcy. The information on this website is provided with the understanding that the authors and publishers are not herein engaged in rendering bankruptcy, legal, insolvency, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional bankruptcy, insolvency, tax, legal or other competent advisors. While we have made every attempt to ensure that the information contained in this website has been obtained from reliable sources, Credit Advisors Foundation and Arbor Investment are not responsible for any errors or omissions, or for the results obtained from the use of this information.