Recognizing the Signs that You Might Need Credit Counseling
Most families in America today have a credit card; some have two or more. The type of credit card you own, gold, platinum, ext, is almost a status symbol in society. The concept is a good one, using your good credit to purchase big-ticket items that you may need time to pay for. If used wisely, credit cards can be a dependable resource, however, sometimes we are unaware of the fact that we are overspending. Some may think that if they are able to make the monthly payments, then their debt is under control. This is not always the case. These are some signs that you may be in or going in the direction of having a major financial crisis.
* You use your savings to pay monthly bills.
* You pay only the minimum monthly payments on any of your credit cards.
* You take out cash advances to pay your credit card bills, or other bills that you may have.
* You are over or nearly over your credit limit on one or more credit cards.
* You have been turned down for loans.
* You receive calls or letters from collection agencies.
If you think that you may have a debt problem, there is help. Credit counselors are trained to help you get out of debt in a very short period of time. Some can even help to make you debt free in as little as 18 months. Your individual situation may take more or less time. Even if you have good credit but have made unwise choices while using your credit card and you want to preserve your good credit, you mat benefit from credit counseling. Many credit counseling agencies will provide you with a free debt analysis to help you understand what actions that you can take to reestablish your credit without bankruptcy.
Timothy Gorman is a successful Webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, consolidation and credit counseling information that you can research in your pajamas on his website.
MORE RESOURCES:
 MSN UK News | Credit firms on Facebook 'breaking the rules' Telegraph.co.uk, United Kingdom - Credit firms who target young people by advertising on social networking websites such as Facebook are breaking advertising rules, a charity has said. ... Facebook users warned about loan adverts Credit firms breaking rules with Facebook ads Credit ads breaking Facebook rules |
 Dallas Morning News | Regulators' moves to stop credit card tricks deserves vocal support Dallas Morning News, TX - Consumers should be applauding and pushing rules proposed by the Federal Reserve and other regulators to rein in some much-criticized practices of credit ... Good Question: You can raise that low credit score Barely surviving on credit cards Credit crunched? |
Credit Suisse, GE Raise $5.64 Billion for Infrastructure Fund Bloomberg - By Jason Kelly May 12 (Bloomberg) -- Global Infrastructure Partners, the private-equity venture created by Credit Suisse Group and General Electric Co., ... Global Infrastructure Partners Announces Close of US$5.64 Billion ... |
Telecom increases standby credit facility Stuff.co.nz, New Zealand - The new facility, with Telecom's existing bankers, replaces the previous standby credit facility which had a limit of US$500 million (NZ$654 million), ... TEXT-NZ's Telecom increased standby credit to NZ$800 mln Telecom Raises Standby Credit Facility |
MBIA posts huge loss on credit derivatives Reuters - The 2008 figure included unrealized losses on insured derivatives, such as credit default swaps, of $3.58 billion. Factoring in the unrealized losses, ... MBIA loses $2.4 billion MBIA (MBI) Reports Q1 Loss of $3.03 |
Credit-Default Swaps: Weapons of Mass Speculation Barron's - Buying credit-default swap protection is the ultimate bearish bet. But don't be fooled by the low profile of the business. In the decade since credit- ... |
 MyFinances.co.uk | 2nd UPDATE: HSBC 1Q Profit Ahead Of 1Q07 Despite US Impairments CNNMoney.com - In February of 2007, HSBC became the first bank to acknowledge losses on subprime mortgages, or loans to borrowers with weak credit histories, ... HSBC takes £3bn credit crunch hit HSBC takes further hit from credit crunch HSBC bank hails profits increase |
 CPI Financial | United Rentals' $1 bln senior secured credit facility rated 'Baa3 ... Forbes, NY - United Rentals (nyse: URI - news - people ), Inc.'s existing rating of 'Ba1' for its senior secured credit facility was not affected by these rating actions ... Target ratings, outlook unaffected by credit card receivables sale ... TFN NEWS BRIEFING: Banking and insurance highlights to 09:15 BST Moody's Investors Service Names Michel Madelain As COO |
IndyMac swings to 1Q loss, sees 2008 loss The Associated Press - (AP) — IndyMac Bancorp says it swung to a first-quarter loss as deteriorating credit markets forced write-downs on the value of mortgage-backed securities. ... IndyMac Bancorp Reports First Quarter Loss of $184.2 Million ... UPDATE 1-IndyMac Bancorp reports quarterly loss IndyMac Bancorp swings to 1Q loss; doesn't |
Credit squeeze makes Dragon prey The Age, Australia - The global credit squeeze and the higher cost of funding it has induced is the key that Westpac chairman and former Treasury Secretary Ted Evans hopes will ... Westpac of Australia Offers to Buy St. George Bank (Update7) Bank of Queensland flags more mergers Westpac Bank in takeover talks with St George |
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