Some people think that drowning is a slow process, but it's actually quite intense. It can happen quickly or over time - be sure you take notice of the red lights.
Here are your hints:
1. You get lots of bill collector calls and messages.
The pressure of being pursued by collectors can really take its toll. It?s easy to feel like you have no control over your life when they keep calling and hounding for payment, but don't give up! You might be surprised at how much money is still left in the account after meeting with these bill posters - just do what they ask so that things go away sooner rather than later (and save yourself from endless phone calls).
Hiding your debt from yourself is another sure sign you have too much. But it doesn?t mean that carrying this load forever has to be detrimental to the quality of life we want, does it?
3. Due dates missed.
You might be surprised to learn how much late payment fees can add up. For example, if you miss one monthly bill by just four days it could cost as much of an interest rate increase or drop in your credit score!
Not paying on time is never worth the risk--so make sure that all bills are paid promptly each month so they won't pile onto any other debts without being noticed first.
4. Credit cards are a necessity for you.
The cost of living is high when you?re constantly in debt. You have to spend everything on groceries and gas so that your credit card doesn't burst at the seams with an outstanding balance from all those fees each month - it's enough motivation not to charge anything else!
5. Your mental health is affected.
If you are sleep-deprived and constantly thinking about how to pay off your credit card debts, then there?s a chance that it might be affecting the way in which you speak. The more focused one becomes when they're worrying over their finances or feeling ashamed because of them; they will lead other people around us to feel like these emotions belong only with ourselves - not true at all! Stop worrying too much.
What is the key to getting out from under all of your debts? You have two choices: stop acquiring more debt or start reducing credit card and loan balances. The good news for you as well, though it may be hard to believe at first glance (or even second), cutting back on adding new bills can actually help reduce what's owed overall!
