Part Two – How to Know When You Need Debt Settlement

If the symptoms below apply to you, you should consider debt negotiation or bankruptcy.

• Your credit card balances are increasing while your income is decreasing

• You have no savings
  

• You can barely make the minimum payments on your debts

• You are near, at or over your credit limits

• You regularly charge more each month than you make in payments

• You are using your credit to buy necessities like food and gas

• You use one credit card to pay another

• You are already getting calls from collectors because you are late with payments

• You have been denied credit

• You’ve lost track of how much you owe to creditors

• You are charged exceptionally high interest rates

• You have four or more credit cards

• Your credit is negatively affecting your family relationships

Our next post will explain exactly how debt negotiation works.