This page is about : Debt Danger Signs

 

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Debt Tip #2

Haggle

Don't be afraid to ask - "what deal can you do on that". You'll be surprised just how effective it can be.

Debt Danger Signs : Early Warning Signs

Catch it Early. Stop it Dead.

debt danger signs should not be ignored

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:

0800 011 2725

 

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 0800 011 2725

 

 

Serious Debt Danger Signs

Please seek immediate advice if ANY of the following are true

debt danger signs to take action on now

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 0800 011 2725

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