4 Signs that You Need Consumer Credit Counseling

You need to know if your consumer debt has gone out of control.

Acting fast means you prevent it from growing, and you reach freedom in fewer months. For a more certain path, that can be with consumer credit counseling from DebtHelp, Inc.

If you’re wondering whether it’s time to get help with reining in your debt and settling your balances, this article is for you.

Remember that, with a proven plan and support, there’s a way out of financial crisis.

1. You’ve maxed out your credit card.

Even if you haven’t maxed it out just yet, using more than 70% of your available credit is generally considered concerning. The danger is also that you run the risk of over-limit fees and high interest payments. And it’s worth remembering that, when used well, credit cards do offer a safety net for emergencies. But that reserve is only there if your debt is under control.

When this is the biggest sign you’re seeing, the problem hasn’t progressed too far. Having a plan is the first step to paying off the balance.

2. You’re only making the minimum payments.

If you’re only making the minimum payments, it’s going to be hard to contain your debt. Especially with a high APR, you end up paying several times the initial cost you borrowed.

So, if you’ve only been able to make the minimum payments, credit card counseling is a solution very much worth considering.

It’s a much worse situation if you’re unable to make the minimum payments altogether. In that case, we advise immediate help. One of our live reps is available to speak with you now.

3. You’re making the minimum payments using other cards.

When you’re making the payments for one card with other cards, that’s a definite sign of an unstable debt situation. The same goes if you’re borrowing from friends and family.

This is a troubling sign because, sooner or later, those loans will also require repayment.

Establishing a debt plan is the surest way to get things back under control.

4. Your debt-to-income ratio is high.

Sometimes, the starkest sign is right in front of you. When you look at your income and your debt payments, you find there’s a huge mismatch. Often, increasing your monthly payments isn’t an option, nor is lowering the interest.

Frustratingly, this also stands in the way of personal financial ambitions.

If you’re in that situation, DebtHelp, Inc. is your friend. Not only can we help you settle your balances, but we can help you save while doing so! Right now, you can see how much we can help you save with our easy calculator.

5. You’re struggling to see how you’ll pay it all off.

Maybe your case involves one or more of the signs mentioned here. At the end of it all, you’re simply aware that getting out of debt will require changes and discipline. But you don’t have a clear route mapped out.

Credit counseling can help you see and follow through with a practical way forward.

Put the lid on your debt with consumer credit counseling and build a happier financial future.

If you recognize any of these signs, we’re here to help. On the DebtHelp Hardship Program, you establish a realistic path to paying off all your debts. Even better, you also save!

Find out how long it will take to get out of debt in just a few minutes. Then, have a live rep walk you through the plan that will help you experience life debt-free. Get started now!