Warning Signs of Debt Problems!
- Making minimum payments
- Making payments late.
- Charging groceries, gas and utilities.
- Cash advancing off credit cards to pay other bills.
- At or near limit on credit cards.
- Denied credit.
- Bouncing checks.
- Getting calls from collectors.
- Lying about spending or hiding debt from a significant other.
- After paying your credit card bill, you increase your balance by the same amount or more the next month.
- You rely on the “float”
method of paying bills — (hoping you can get funds into the account before the check clears.)
- No savings account.
- High debt rate compared to income
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.