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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 do not have savings or friends and family to lend me the money to pay a settlement, what other options are available if I can't get a loan? I owe $10,000 to a line of credit and $8,600 on credit cards. I am splitting up with my partner and will not be able to afford to pay my minimums once I am on my own.
Thank you for any advice and help that you can give.'
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