Signs You Should Turn to a Debt Relief Program

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Are you looking the other way when your credit card bill comes in the mail?

If your debt has become unmanageable, a debt relief program might be the best option for you.

Don’t let yourself fall into trouble financially. If you can answer “yes” to the below 5 signs, then you may want to consider speaking with a debt relief attorney to help better your financial situation. Here are some signs to look out for.

You have a high balance on several credit cards

Do you have more than one credit card that is exceeding its limit? If you are making minimum payments on your credit cards or struggling to make any payment at all, then a debt relief program could be right for you. You may want to consider sitting down with a debt relief attorney and going over all of your credit card statements. It is important to try and eliminate some of your nonessential expenses or consider taking on a second job to stay afloat until you get your debt down.

You are struggling to meet your monthly payments

Consider creating a budget (if you don’t have one already) and writing down all of your current monthly expenses. For example, rent, mortgage, groceries, car insurance, etc. If you know you can manage to make some of these payments with your current income, but you are somehow still struggling to manage your budget, then speaking with a debt relief attorney could be your best option.

You may want to consider negotiating some of these bills yourself or seeking out cheaper options for the time being. For example, there may be an electric provider that is cheaper than your current provider. If you let your current provider know that you are looking to switch for a cheaper option, then they may be willing to negotiate your bill to keep you as a customer. It can’t hurt to ask!

You are spending more than you are earning

Take a look at how much your net-pay (take home pay after taxes) is every month and add up all of your essential and discretionary expenses. Are your expenses exceeding your income? If so, then see where you can cut back. If you don’t think you can cut anything out of your budget, then you might want to seek out a debt relief program to assist you with reevaluating your budget and expenses.

You’re living paycheck to paycheck

Wouldn’t it be nice to not wait by your phone to see your check go into your account every month? Living paycheck to paycheck can not only be frustrating, but also emotionally draining. You shouldn’t be living with $100 in your account for the next 3 weeks. A debt relief attorney can sit down with you and go over how you can break this never-ending debt cycle and get back to the things that matter.

You are receiving harassing calls from debt collectors

If debt collectors are calling your office asking you for an amount that you are not sure you even owe, then you may be in a little financial trouble. Consider taking a look at your credit report and seeing where you went wrong (if at all). If you feel like you are being harassed or taken advantage of by a debt collector, then consider calling a debt relief attorney to handle this financial matter for you.

Let a debt relief program guide you to the right path of your financial journey. Debt can become extremely stressful, if not managed the proper way. A debt relief program can help you rebuild your financial situation and help you get back to the things that matter. Are you seeking a debt relief company? Have you weighed out your options? Leave us your feedback below.

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2 comments

  • This is a great list of things to watch out for that may signify you need help getting out of debt. I agree that debt is one of the most stressful things that can wear on us if not dealt with properly. I think it’s important to tackle the issue and get help early on before your finances get out of control.

    • Jackie LePage Jackie LePage /

      Thank you so much for your comment Bernard. I agree, I can’t stress enough how important money management is. Your right, if you don’t attack your debt early on, it will only get worse, like a snowball effect.

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