Credit Warning Signs and Danger Signals

If you answer yes to any of the statements listed below, you have financial problems and are heading for trouble. The longer debt is ignored, the worse it gets and the more difficult it becomes to fix problems.

• My credit cards are maxed out or over the limit.
• I live in debt on my overdraft. I can't pay my bills.
• I have no money, bad credit and money problems.
• I am spending 20% or more of my take-home pay on loans and credit card monthly payments.
• Creditors have threatened to sue, repossess my personal property or hire a collection agency to recover their money.
• My wages are being garnisheed to pay for outstanding debts.
• I borrow money for household expenses from friends and family to make it from one pay cheque to the next.
• Utility companies have cut off service because of outstanding bills.
• I go over my spending limit or use credit cards as a necessity rather than a convenience.
• I only make the minimum payment on my credit card balances.
• I have received second notices about overdue accounts.

• I pay one creditor one month and another the next because there's not enough money to pay both.
• I have many missed payments or late payments.
• I pay excessive interest or service charges because I don't pay bills on time.
• I am renegotiating loans to cut monthly costs or looking for a consolidation loan to pay off old bills and a few new ones.
• I am looking for a consolidation loan to pay off other consolidation loans.
• Financial problems are affecting my health, job or marriage.

• My credit rating and credit scores are bad.
• I am being sued or have judgments against me.
• I am afraid to answer the phone because it might be a collection agency calling.

• I am spending 20% or more of my take-home pay on loans and credit card payments.

THERE IS NO SUCH THING AS CREDIT REPAIR. Do not pay any company to rebuild your credit rating.

There is nothing they can do to change your credit rating.