Symptoms Of Debt
Symptoms of debt are not always easy to spot. In many cases, there is not
just one symptom. Instead, a number of smaller problems have built up causing
difficulties that, because they do not happen in one go, are hardly noticed until
it is too late. Whatever the problem is, your quality of life suffers if you
do not have enough money to live to a reasonable standard.
Some people may take the view that ‘I got myself into this problem, I will get
myself out of it’ or ‘if I tighten the belt, I will be able to
get through this’. Both attitudes are commendable, however the question
is when does a short-term problem become long-term difficulties?
At some point you will look at your finances and decide that you cannot carry on
like this. What may have begun as a ‘blip’ quickly becomes the
norm and you deal with it. Other ‘blips’ occur over a period of
time bringing you to your current situation. You need to take a step back
and look at your finances.
What to look out for.
- Two weeks before payday, you only have enough money to last one week
- You are seeing more and more late charges or over limit charges each month on
your credit cards, store cards & loan statements
- Looking at your Bank Statement, you have less in your Bank account than you did
this time last year
- Looking at your Credit Card Statements, do you owe more than you did twelve months
ago
- Your car is not serviced as regularly as it should– this alone could
result in a large bill should your vehicle break down
- You cannot afford to replace damaged or worn out household goods without something
else not being paid or using credit
These examples relate to identification of your current situation, there can be
numerous contributing factors which got you to this position in the first place.
If we can help, you will quickly be in the position where you are able to live reasonably.
Your quality of life will stabilise and you will not have to focus on ‘just
paying the bills’.
The first thing to do is to look objectively at your finances. If you imagine
a line which represents ‘reasonable spending’, along this line there
is always a degree of drift one way or another. People will prioritize their
expenditure differently, what is essential to one person may be something another
person does not give a second thought about. As long as your spending
is not excessive, you feel your finances are reasonable and sustainable, but you
do not have enough income to pay all of your bills over the course of a month, then
we may be able to help you.
Simply give us call on 0800 093 2285. It will take a few minutes to assess
your situation and see if we can help. If we can, within days we could be
dealing with all of your unsecured Creditors. All conversations and correspondence
can be dealt with by us, leaving you time to live. We will ensure that you
have a fair and reasonable amount to live on, allowing you to focus on regaining
your quality of life, rather than living from payday to payday and from bill to
bill.