Debt Danger Signs : Early Warning Signs
Catch it Early. Stop it Dead.
Debt Danger Signs: Don't ignore the warning signs
It's a sneaky thing debt, but if you can catch it early then debt can be beaten before it gets a stranglehold on your life .
If any of the following seem familiar then it's worth taking five minutes out and just think about your finances for a moment.
Spotting danger signs of debt is easy with hindsight but all too often lifes hectic schedule stops us from thinking clearly - hopefully the suggestions below will help.
Remember this number:
0845 120 1 120
The Early Warning
Do you....
- have to stretch your money out to last the month
- have no money left at all a week before payday
- fail to put any money away into savings
- feel down if you have little spare cash
Are you....
- dipping into your savings for things like food and petrol
- tempted by special offers for store and credit cards, trying to justify why you should have one
Recommendation: By taking minor steps now, you can avoid things getting worse.
Checkout our guide on how to avoid debt
Classic Debt Danger Signs - take action now
Have you .....
- missed a loan or mortgage payment even by a few days
- gone over your overdraft limit
- borrowed money from family every month to help with household expenses
- converted your mortgage to interest only to try to keep out of debt
- not had a holiday for a year and can't afford one
You don't...
- clear your credit card off each month, just the pay minimum amount
- have any savings
Recommendation: Taking remedial action now or seeking professional advice can reverse what is a downward spiral.
Please Get some FREE advice right now or Call 0845 120 1 120
Serious Debt Danger Signs
Please seek immediate advice if ANY of the following are true
Debt Danger Signs: Don't let things get to this point
Have you ....
- missed payments on loans or credit cards and have them calling you
- received 'red letter' warnings
- fallen behind on mortgage payments
- paid for weekly shopping on credit card but only pay the minimum amount each month
- received a court summons for non payment of debt
- got the threat of bankruptcy over you
Are your....
- total debts, excluding mortgage, exceeding your annual income
Recommendation: PLEASE - You must contact one of our professional money counsellors for advice. Our advice is free and they are not there to judge or comment. Together they help hundreds of people a day.
Get some FREE advice right now or Call 0845 120 1 120
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