When you go to sleep at night, what is the last thing you are thinking about? What is your first thought when you get up in the morning? Is there one thing that wakes you in the middle of the night and causes you to worry? If your debt is the thought that keeps you awake at night and follows you through the day, you are not alone.
While you may spend your time trying to figure out how to pay this bill or that loan, do you understand the seriousness of your situation? Perhaps, most of the people you know are also feeling anxious about their financial circumstances, but does that mean they are in trouble? While everyone's financial issues are different, there are some signs that may indicate yours are more serious than you think.
Does this describe you?
If your debt causes you to lose sleep, that is certainly one sign that things are not the way they should be. It is not necessary for you to worry over money, especially since there are numerous options for helping you deal with your debt. So, how do you know if you should reach out for help with your financial struggles? Here are a few signs that often suggest one's debt is out of control:
- You cannot afford to pay off your credit card balances, so you go from month to month paying only the minimum required.
- You continue to use your credit cards, especially for necessary purchases or for cash advances to cover other bills.
- You do not always have the money to pay your bills on time, so you incur late fees regularly.
- You have credit cards that are maxed out or close to the limit.
- It is not unusual for you to overdraw your checking account or bounce checks.
- You have tried to apply for a loan, but the bank denied your request because you already carry a high debt load.
- You cannot afford to put money aside in a savings account or emergency fund because of the amount of debt you must pay each month.
- You are embarrassed about your financial situation and may even lie to others about your debt burden.
Recognizing the desperate nature of your finances is the first step to seeking help. However, you will want to move forward cautiously. Many disreputable and dishonest individuals will prey on your desperation and leave you in a situation even worse than the one you are in now. Instead, you will want to reach out to a compassionate and experienced Texas legal professional who will seek your best interests and assist you in finding the most appropriate method of debt relief for you.