Debt Warning Signs

Debt Warning Signs

Are you in debt? Are you in too much debt? This guide will help you watch out for the warning signs.

Warning Signs That You Are In Too Much Debt

This list of 15 warning signs may help you realise that you might have too much debt.

  1. You borrow more money to make payments.
  2. You are embarrassed to talk about your finances to your close friends or family.
  3. You struggle to make the minimum payment on your credit cards each month.
  4. You continue to use your credit cards even though you are struggling to pay off the balance.
  5. You have incurred overdraft fees on your bank account.
  6. You have incurred charges on your bank account for unpaid bills.
  7. You have been late to making payments on loans, bills or credit cards. Sometimes you do not make the payment at all.
  8. You have no savings.
  9. You have been refused credit or your credit rating is poor.
  10. You are in arrears with a loan or mortgage.
  11. Your credit or store cards are at their maximum limit.
  12. You are not sure about the total amount of debt you owe.
  13. You suffer from insomnia, irritability or some kind of stress related physiological condition.
  14. You gamble money in desperation.
  15. You think that you are in denial about your debts.

Debt Warning Signs

What to Do About Debt

If you think that’s some or all of the above warning signs applied to you, you should consider consulting a debt management solution provided by a debt management company.