Warning Signs

Many times we don't see the signs of a financial crisis until it's too late. But financial crisis does not occur overnight. There are several warning signs that indicate things may be getting out of control.

Take this test.....

• Pay only monthly minimums or miss payments on charge accounts?
• Use savings for daily expenses?
• Use cash advances from credit card issuers to pay other creditors and/or daily expenses?
• Depend on overtime or moonlighting to cover monthly bills?
• Not know how much you owe?
• Frequently get charged late or over-the-limit fees?
• Hope that checks you've written don't clear the bank before payday?
• Borrow from friends and relatives to cover basic expenses?
• Find it difficult to save money or immediately withdraw money from your savings to cover bills?
• Make monthly payments to creditors that total 20% or more of take home income
• (not including rent or mortgage)?
• Panic when faced with an unexpected major expense, such as car repairs?
• Receive calls or letters from creditors due to not paying on time?
• Fight in the home due to money problems?
• Have creditor's law suits, reposessions and/or garnishment of wages actions taken against you?
• Consolidate debts by borrowing from a high-interest lender?

If you've answered "yes" to any of these questions, you may be heading for financial trouble. CFC of Tidewater can help you out of financial troubles. While Bankruptcy seems like a painless and easy out, check out the Bankruptcy Facts first !!

If you are having debt problems or are concerned about your financial situation, you're not alone. Inflation, divorce, catastrophic illness, layoff, mismanagement and easy credit can affect people of all education levels and vocations. Your problem or concern is shared by thousands.

Let Consumer Financial Counseling of Tidewater help you regain financial health with our Debt Management Program. Follow the link for more information!