·         Are you paying high interest rates? ·         Are you being charged late fees? ·         Are you getting calls from creditors? ·         Can you afford the monthly payments, but not the past due amount? ·         Are you making monthly payments, but your balance never seems to go down? ·         Do you worry about paying your […]

·         You have borrowed money from a new source to pay off an older, perhaps even overdue, debt. ·         You have borrowed money to pay for regular household expenses such as rent, food, clothing, gas or insurance. ·         You have reached your credit limits. ·         You hurry to the bank on payday to cover checks […]

·         You get behind in utility or rent payments. ·         You have to consolidate several loans into one or reduce monthly payments by extending current loans to pay your debts. ·         You cannot afford to pay for regular living expenses or credit payments. ·         Creditors are sending overdue notices. ·         The portion of your income […]

·         You think of credit as cash, not debt. ·         Your debts are greater than your assets. ·         You owe more than seven creditors. ·         You are an impulsive or compulsive shopper. ·         You and your spouse are dishonest with each other about your use of credit. ·         You don’t know how much your monthly […]

Far too many people find themselves trapped by debt.  I want to address a number of borrowing and credit issues.  Perhaps the greatest need in families today is understanding the consequences of being trapped by debt with limited income and in a financial position where it seems like it will be impossible to recover.    […]