DEBT WARNING SIGNS

Wondering if you have a debt problem? Check out these warning signs to see if you need professional help:

• My wages are being garnished to pay for my outstanding debts.
• I am afraid to answer the phone because it may be a debt collector calling.
• My creditors are threatening to sue me, repossess my personal property, or hire a collection agency to recover their money.
• I have been borrowing money for household expenses from friends and family to make it from one paycheque to the next.
• I am paying one creditor one month and another one the next because I don’t have enough money to pay them both.
• My financial problems are affecting my health, my job, and/or my marriage.
• I am going over my spending limit or using credit cards as a necessity, instead of a convenience.
• I am only making the minimum payment on my credit card balances.
• I have been receiving second notices about overdue accounts.
• At least one utility company cut off service because of my outstanding bills.
• I spend 20% or more of my take-home pay on loans and credit card debt payments.
• I am paying overly high interest or service charges because I don’t pay my bills on time.
• I am renegotiating loans to cut monthly costs, or looking for a debt consolidation loan to pay off old bills and a few new ones.

If you agreed with one or more of these statements, you have financial problems and could be heading for trouble. To get back on track, find out what your debt options are and contact an MNP trustee.

Need more help? Simply fill in our optional online Financial Information Form. You can send it to us electronically and we will then follow up with you promptly. Alternatively feel free to contact an MNP trustee near you.