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Learn The Questions To Ask Yourself To Find Out IF You Are In Financial Trouble

Warning Signs! How Do I Know If I'm In Trouble?

Do you know the warning signs of too much debt? If you answer "Yes" to any of these questions, you are probably already in financial trouble whether you realize it or not and need to find out what your options are. Whatever you do, don't allow yourself to be lulled into a false sense of security just because you're not late with any of your payments.

And just because you can pay your minimum payments each month does not mean you are financially fit. Low monthly minimum payments benefit the credit card company, not you. The "minimum amount due" is cleverly calculated to keep you trapped in debt for your entire adult life.

Think about these carefully before answering:

ü Do you really want to spend the best years of your life in debt?

ü Do you need your next paycheck to survive?

ü Are you borrowing from "Peter" to pay "Paul"?

ü Are you spending more than 20 percent of net income on credit card bills?

ü Are you dipping into your savings or retirement accounts just to pay your monthly bills?

ü Are you using credit cards to pay for necessities, like groceries, because you don't have the cash?

ü Do you have more than 2 or 3 major credit cards?

ü Do you depend on family and friends to bail you out?

ü Are you financing a car for six or more years, or leasing, so that you will have a lower the monthly payment?

ü When you buy a car, are you more concerned more with the amount of monthly payment than the cost of the car?

ü Do you need a co-signer in order to get a loan?

ü Are you hiding purchases from your spouse or family?

ü Do you lie to your spouse or other family members about your spending or hide credit card statements?

ü Are you overdue on any of your bills?

ü Are you having to resort to "pay day" lenders to make ends meet?

ü Are you pawning your belongings to come up with cash?

ü Are you starting to look at making just "minimum payments" as being normal?

ü Do you count on the "float" time between when you give someone a check and when it is cashed to give you time to make sure the money in the bank?

ü Are you unsure at this point exactly what you actually on all your debts?

ü Have you tried to purchase something only to have your credit card declined?

ü Do you bounce checks?

ü Are you getting collection calls from the creditors?

ü Have you been denied additional credit?

ü Are you getting charged a high interest rate when you borrow money?

ü Here's a telling question: Knowing what you know about your own situation, would you lend yourself more money? Rather than continuing to tread water with ankle weights, recognize you may be in over your head.

ü Is it time to find out what your options are?

The St. Louis bankruptcy attorneys at Castle Law Office provide legal assistance for those who are going through severe financial difficulties. Filing for bankruptcy is a way to move past crippling debt and to get on with your life. If you or a loved one in the St. Louis, Missouri and Illinois area are considering filing for bankruptcy, contact Castle Law Office for a free legal consultation today. We can offer help and a fresh start to citizens in St. Louis County, Jefferson County, St. Charles County, East St. Louis, Franklin County, St. Clair County, Boone County, and the entire state of Missouri, as well as Belleville, Granite City, Fairview Heights, O'Fallon and Alton. We help to stop foreclosure, repossession and wage garnishments. All of our attorneys are licensed as Missouri bankruptcy attorneys and Illinois bankruptcy lawyers.

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