Are You in Trouble?

Coming to terms with debt

Losing control of your finances can leave you feeling angry, frustrated, and defeated. However, these feelings are normal and just part of the process. You may need to step back and look for the signs of being in too much debt. The sooner you recognize the signs, the sooner you can take action to climb out of debt. Debt is a journey but one that has an eventual end.

Signs of being in too much debt

• You’re only able to make the minimum payments on your credit cards and can barely afford those
• All of your income is going towards paying off debt and you have difficulty affording your non-debt expenses like food, housing or utility bills.
• Payments on your bills are late, making you behind on your other bills.
• You get denied for new credit because your debt has lowered your credit score.
• Physical symptoms appear when thinking about debt such as stress, anxiety or lack of sleep.
• Debt is being moved around through balance transfers but isn’t being paid off.
• It’s difficulty to make ends meet and basic needs, such as groceries, are being put on credit cards
• Your savings account is empty