No matter how deeply you’re in debt, there’s always a way forward. However, to regain your financial footing, you’ll need to work with a professional. Here are seven signs it’s time to get help dealing with your debt.
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1.ÌýÌýÌýÌýÌý You pay monthly expenses (bills and rent) and purchase essentials such as food and medication on credit because you don’t have enough in your bank account.
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2.ÌýÌýÌýÌýÌý You take on new debts as a way to pay off old ones.
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3.ÌýÌýÌýÌýÌý You continually draw on the money you’ve put aside for a home, retirement or other future purposes.
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4.ÌýÌýÌýÌýÌý You pay your rent or mortgage late or skip payments due to a lack of funds.
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5.ÌýÌýÌýÌýÌý You’re living beyond your means by continually spending money on non-essential expenses.
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6.ÌýÌýÌýÌýÌý You’re receiving an increasing number of letters, emails and calls from creditors.
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7.ÌýÌýÌýÌýÌý You have an unhealthy level of stress due to your financial problems.
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Your best resource for overcoming debt issues is a reputable credit counsellor or licensed insolvency trustee.
