7 Signs You Need Debt Counseling

You feel like your debt is spiraling out of control. You see no way out of your situation. You’re ready to admit defeat, but you’re not sure where to turn for help. One option is debt counseling.

There are several signs that you need debt counseling. A significant amount of debt can cause emotional, physical, and mental health problems. Our culture teaches us that accumulating debt is normal. That isn’t true.

You don’t have to struggle in order to get help with your debt. If you’ve wondered if you need debt counseling, read on to find out how to tell.

  1. You’re Behind on Your Bills

If you’re behind on your bills, you may need debt counseling. This can help you get back on track by creating a budget and payment plan. It can also help you negotiate with your creditors. 

  1. You’re Using Credit to Pay for Basic Necessities

You are in trouble if you’re using credit to pay for basic necessities.

This also includes carrying a high balance on your credit cards, making only the minimum payments on your credit cards, using your credit cards for cash advances, and using your home equity line of credit to pay off credit card debt

  1. When You’re Borrowing From Friends and Family

You’re in a difficult financial situation and you’re not sure how to get out of it. You need someone to help you get your finances in order and help you develop a plan for paying off debt.

  1. You Fight With Your Partner About Money

Constantly fighting about money with your partner is a sign that you need counseling. Money fights are often a symptom of financial stress, which can be caused by a number of factors, including unmanageable debt. 

  1. Avoiding Conversations About Money

There are many signs that you may need debt counseling, but avoiding conversations about money is one of the most telling. If you’re avoiding discussions about money with your partner, friends, or family, it’s likely that you’re in over your head financially. 

  1. You’re Avoiding Calls From Creditors

If you’re avoiding calls from creditors, it’s a sign that you need debt counseling. You’re likely in over your head and struggling to make ends meet. Counseling can help you develop a plan to get out of debt and make better financial decisions in the future.

  1. When You’re Constantly Transferring Balances

If you’re constantly transferring balances from one credit card to another, it’s a sign you need debt counseling. You’re probably making just the minimum payments on your cards, and the interest is adding up. 

Learn more about debt consolidation at Credit Salvage (Debt Counseling Services).

Debt Counseling 101

If you experience any of the signs mentioned above, it may be time to consider seeking professional debt counseling. A debt counselor can help you develop a plan to get out of debt and improve your financial situation.

A qualified counselor can help you create a budget and find programs to help you get back on track. Don’t wait until your debt situation becomes overwhelming—take action today and get the help you need.

Contact a nonprofit credit counseling agency to get started on the road to financial freedom. Read on for more debt counseling related articles like this one.