Do you have a Debt Problem? Here is a simple check list, it is widely considered that you have troubled finances if you say yes to any of these.

•     You get and avoid calls from your creditors!
•     You dont have a set budget
  
•     Your using credit card to buy foodstuff because money is running out
  
•     You use your credit card for cash advances
  
•     You have thought about declaring yourself bankrupt
  
•     You always have money left to pay on your store cards
  
•     you only manage to make the minimum payment on your bills
  
•     You can't afford even the minimum monthly payments
  
•     There is no money in your savings account
  
•     You hide the checkbook from your partner
  
•     You avoid discussing finances with your spouse
  
•     You do anything to avoid people you owe money to
  
•     You are still paying for items you bought a year ago
  
•     You do not know exactly how much you owe
  

Debt is something that has a habit of putting us in very awkward situations. One our readers told us of a situation where he went out for a meal to a restaurant, with some friends only to find out that when he paid with his credit card, the card was decline. The embarrassment that he felt inside is something he thinks he will never forget. And he is certainly not alone!

Another reader points out that he was so far in debt that when his company organized a Christmas dinner, where everyone had to pay their share. He offered to pay everything by card, and collected just the cash, so that he would have enough for groceries over Christmas!

Debt has a real and profound impact on our lives, and often its embarrassment and our unwillingness to admit to debt, that compounds the problem.

There is often an image that is associated with Debt and that being it is caused by reckless spending and people who are in debt are there because they spent beyond their means.

While this is certainly true in some cases, but majority of the people who are in debt fall roughly in two categories

1)    Their resources were not much to begin with, these include the elderly and people/families on low incomes. These people find it a struggle to carry on in a daily basis, and are one acquisition away from falling in the debt spiral.

2)    The other ones are that we call one mistake type debts. They make one acquisition and then something goes wrong, and then this purchase is compounded on by other purchases and circumstance.

What is really important in times like these is the support of the people around you.  If you fall under any of these situations then you need help. We have a dedicated forum here were you are able to speak with people who are in similar situation as yourself.
There are also numerous articles throughout the site that will show you what you need to do. Most people's debts will not just go away by a bit or organization, and purpose of this site is not to give you false hopes.

Inevitably there might come a time where you need to call in some specialist and we will also help you discover which ones are the best, these recommendations are based on our personal experiences as well as experiences of our readers.





Please remember we are doing this because we have been there and know what is like. The companies we mention usually know us by our site, so be sure to mention our name.

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