October 1, 2013
Don’t have a savings program in place?
You’re playing with fire and placing yourself at the mercy of relying on responsible individuals to help bail you out. A savings program in place provides you with a safety cushion for unexpected emergency situations that usually require financial resources. As the saying goes – “save for a rainy day.” because you never know when it’s going to pour.
Can you account for the total amount of debt owed, or have you avoided adding up the entire amount of your outstanding debt?
If you cannot account for the total amount of debt that you owe, you may be avoiding the problem. Confronting your spending behavior is the first step to financial freedom. Sure, it may be easier now to avoid the painful truth that you are heading toward financial devastation. However, if you establish a repayment program before the situation becomes unmanageable you will save yourself hours of unnecessary worry in the long run debt consolidation of payday loans.
Are you only paying the minimum on your monthly credit card bills?
If you can only afford minimum payments, more than likely you’re overextended and should re-evaluate your budget and spending habits. Unfortunately, if you are thrown into a monetary emergency that requires financial resources, your situation will become unmanageable.
Have you been declined credit or declined a credit line increase?
Needing payday loans debt assistance or Being declined credit or a credit line increase is a sign that you need to re-evaluate your finances. Creditors use guidelines to determine your credit worthiness.
After you pay your monthly bills, do you accumulate as much or more debt the following month? This may be a sure indicator that you’re utilizing your credit cards to maintain your style of living, or for daily necessities — such as gas and food.