Do I have a problem with the amount of debt I have?
The following signs could indicate that you have a problem with your Debt level:
- Are you making only the minimum payment on your credit card?
- Have you more than one credit card?
- Are you having difficulty paying your monthly bills regularly and on time?
- Are you fully using your overdraft most months?
- Are you using a credit card because you don’t have money for everyday expenses?
- Are you unsure about exactly how much money you owe?
- Do arguments about money cause problems in your family?
- Are you charging more than you pay each month on your credit card?
- Are you in excess of your limit on your credit cards, overdraft, or line of credit?
- Are debt recovery companies calling you?
- Has anyone initiated legal action against you?
If you answer Yes to several of these questions, you should make an appointment to speak to your credit union.
Time spent now in addressing your loans could save you considerable stress in dealing with them.
You should consider seeking assistance from the Money Advice and Budgeting Service (MABS) which offers free and confidential advice and assistance in dealing with debt.
To find out more information on MABS visit www.mabs.ie
