Free Debt Analysis     (888) 986-9939


Debt Relief Help: When Is It Time to Get Some?

By: Michael Millington

One of the biggest problems people face when it comes to debt is identifying the need for help. Whether it has to do with inherent hubris or an overwhelming sense of embarrassment, many who suffer with debt do little to nothing to reach out for help. It’s a crippling issue that can result in many negative outcomes for the debt holder. However, for every individual who doesn’t want to look for debt relief help, there are 50 others who have debt but have no idea they need help. Here we will discuss how you can identify telling signs that you need debt relief help.

Signs You Need Debt Relief Help

Your Income Isn’t Handling Your Debt

One obvious sign that you are in need of some debt relief help is your income. Generally speaking, your income should be much more than your debt. This means that your monthly intake should be more than what you pay towards your debt on a monthly basis. If your debt eclipses your income amount, you have a problem. One of the better ways to get rid of debt is to aggressively pay it off. This is not possible if your debt keeps out weighing your earned funds.

You’ve Fallen Behind on Bill Payments

Credit cards, utilities, and medical bills can wreak havoc on your finances if handled poorly. However, not everyone handles them at all. When other things happen to get in the way of paying bills, it can alter your priorities. While you can’t be faulted for making hard choices (choosing the purchase of groceries over paying a credit card off), this is still a clear sign that you have to seek professional debt relief help. No one should have to choose between paying bills and feeding themselves.

You’ve Been Receiving Collection Calls

There is no timeline for a lender to start making collection calls (as long as you owe money). But the collection calls can be intrusive, annoying and embarrassing, no matter when they begin. But if you do start receiving collection calls, then you should know that you’re reaching dire straits. If you feel like your back is against the financial wall, you should seek debt relief help as soon as possible.