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Debt Consolidation
Debt Relief Info:
-Common
Questions
-Pros
& Cons
-Eligible
Debt
-Student
Debts
-Credit
Counseling
vs. Loans
Debt Education:
-Signs
of Too Much Debt
-How
Debt Hurts You
-Causes
of Debt
-Credit Card Debt
-Debt-to-Income
-Secured vs. Unsecured
-Filing
for Bankruptcy
...more
debt help
Compute Credit Card Debt:
-Total Interest Calculator
-How Long &
How Much?
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-Managing Money
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-Checking Accounts
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SIGNS OF HAVING TOO MUCH DEBT
Are you aware of what the signs of possessing too
much debt are? When utilized properly, credit is
excellent. However, over 50% of Americans are
struggling
with debt, hurting their long-term financial wellness.
Do you only make the minimum payments each month for your
credit cards? Although not a positive practice to follow
long-term, it is not necessarily a sign that you are
having financial troubles. Paying the minimum every month
means that it will take you a very long time to
settle your debt, while paying a great deal of money in interest
to the credit card companies. Use the
credit card interest calculator to determine how much
interest you will pay for your credit card debt!
Below are some questions related to your debt. If you
answer yes to one of more of the first set, you may be
able to catch your debt issues before they become out of
control. If you answer yes to one or more of the second
set of questions, you are in a financial burden and need
to immediately take the proper steps to resolving
your issues.
First set - Answering yes to one or more of these
questions is a sign that you are on the road to debt
problems. Adjustments in your spending
patterns will help you re-gain control of your finances.
-- Are you lacking a savings account?
-- Are you only paying the minimum due on your credit cards?
-- Have you started using your credit cards to pay for items and services
you never did before, i.e. food, gas, etc.?
-- Has the amount of money you use to pay your debt been increasing?
-- Do you have several credit card accounts with balances?
-- Do you increase the balance on credit cards after payments are made?
Second set - Answering yes to one of more is a sign of
a big problem.
-- Are your credit cards maxed out, or near to
being maxed out?
-- Are you relying on the float, or grace periods for making payments on
your bills in hopes that your bank account will recover funds
by the time the check you send clears?
-- Do you not know how much your total debt is?
-- Are you using cash advances from one credit card to pay for another?
-- Has your credit card recently been declined when you were trying to
make a purchase?
-- Have you recently
been turned down for some sort of credit or loan?
-- Have you recently bounced any checks?
-- Have you been on the receiving end of phone calls from collection
companies?
-- Do you lie to your family about the amount of money that you spend?
-- Do you hide your credit card statements from your
family?
-- Are
bill collection companies calling you?
It is not easy to admit that you have a problem with
debt. However, the sooner you acknowledge your issues,
the quicker you can take initiative and re-gain control
of your finances, and your financial future!
Lets Star Loan Services help you re-gain control of your
debt! We will help you make wise decisions regarding your
financial well being.
Apply for a free
debt relief quote!
Learn more about our program for
consolidating debt.
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