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Debt Warning Signs

Recognize the signs, and then take action.

Some debt is a part of life for pretty much all of us. So a fair question is, when does a “normal” amount of debt become too much? And when does a financial bump in the road becomes a serious financial concern? Take a look at the following statements. The more that apply to you, the more concerning your personal financial situation might be.

  • Your creditors constantly contact you for payment of overdue bills
  • You always make only the minimum payment on your credit cards
  • You take cash advances from your credit cards or borrow money from family or friends to pay regular monthly living expenses
  • Your wages are being garnished or your assets are being seized
  • Bill collectors or collection agencies are calling you at work for payment of your bills
  • You constantly pay interest and service charges on all your debts because you can’t pay on time
  • You spend more than 40% of your take-home pay on your rent or mortgage, house maintenance and utilities
  • You are always making arrangements with your creditors to catch up on missed payments

If one or more of these look familiar, you may have a debt problem—or be heading for one. Take action now!

There are many ways to address a debt problem. Schedule a free consultation with a Grant Thornton debt professional for help taking the necessary steps to get your finances back on track.

Relief begins with a solutions-focused, free consultation.

Set up a confidential, free, no-obligation chat with a Grant Thornton debt professional near you to discuss your financial situation. Based on your unique situation, they will explain—in everyday language—what your debt solution options are.

Contact a Debt Professional
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