A lot of people feel that they can use credit to live the best life at this stage of their lives. Credit makes this possible.
You might have booked a holiday this December but now with the high petrol price it is not possible to do it without credit. You also paid your accommodation and now you are in a catch 22 situation. If you don’t have a choice, use your credit but what we sometimes don’t think about is the long lasting effect that using this credit will have.
And sometimes you just don’t have a choice and Covid did not made it easier and with the interest rate increases, your installments increased as well.
Some people have to found out pretty soon, they are working every month and using almost all of their salary to pay off these debts. Thy have in effect stopped working for themselves and have become slaves to their debt. All day, every day they are simply earning money that will go into paying their debt.
WHEN IS IT TIME TO GET HELP?
Everyone has debt but few of us like to talk about it. It is difficult to discuss out debt with our friends and family.
The signs that you need help are the following:
Yes, you have debt and are stressing about it, but how do you know when it is time for you to take the next step and get advice about dealing with your debt? If the following sounds familiar, then it may be time for you to get some help:
- You are using your credit card to pay your other debts.
- Your are living in your overdraft… and it is almost maxed out.
- You are taking a “pay day loan” every month.
- You had to borrow extra money from work to pay for your other debts.
- You can’t pay all of your creditors each month, you have to skip some and rather pay others.
- You are too scared to answer your phone calls and private numbers.
- You are getting lots of sms’ and messages demanding payment.
- You went to apply for another laon but were turned down.
- You got a scary letter saying they are going to sent a summons.
Now is the time!
If any of those things sounds familiar, then it is time for you to get help. When you have a problem with your care, you call a professional mechanic. When you have a problem with your geyser, you call a professional plumber. If you are having a problem with your debt, then it is time to call a professional Debt Counsellor.
