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Warning Signs:
- Do you worry about how much you owe?
- Are you unsure about the total amount of debt you owe?
- Are you near or at the limit on your credit cards?
- Are you making only the minimum payments?
- Are you getting calls and/or letters from collectors?
- Are you living from paycheque to paycheque?
- Is there any money left over after you’ve paid your bills?
- Have you seen a consumer credit consultant only to find out
your payments to them would be higher than the payments you are
currently making?
- Have you considered bankruptcy as a way out?
- Are you unable to regularly put money into savings/you don't
have any savings?
- Are you are using increasing amounts of your income to pay credit
card debts?
- Do you use credit cards for items like groceries you should
be buying with cash?
- Do you have more than two or three major credit cards and have
balances on all of them?
- Have you taken out cash advances or relied on your Line of Credit
to pay bills or meet minimum creditor payments?
- Have you been denied credit due to your debt-to-income ratio?
- Are your expenses exceeding your income?
- After making a credit card payment, you increase your balance
by the same amount or more?
- Have you been declined when you tried to use your credit card?
- Have you bounced a cheque?
- Are you lying to members of your family about finances and/or
hiding creditor statements and bills and/or hiding purchases?
- Do you and your spouse argue about money?
- Are you resigned to thinking that only an inheritance or a winning
lottery ticket can rid you of debt?
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| Sample Client Contacts |
'I have 2 student lines of credit as well as 5000 in credit card debt and I can't get ahead'
'Please email response. I owe $5000 on my credit card. I am just wondering: 1. If you can actually lower that amount. 2. If you can, what fees do you charge? 3. If you represent me in arbitrations with the creditors, will this affect my current credit rating? Thanks.'
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