Posted on August 1, 2008 at 10:03 pm How to identify the most common signs of debt problems ?

Posted on August 4, 2008 at 2:19 am How to take action to resolve your debt situation ?1. Continuing to run from the problem will only get you in deeper trouble.2.Respond to your creditors and show them that you have an interest in working thins out. 3. Acknowledge to yourself that you have made some irresponsible decisions.4. Get professional counseling if it is warranted.5. Share your problems with a close friend or your spouse.6. Know that there is a way out and that this process and a debt-free destination are probably a better experience than the stress in your life today.

Posted on August 20, 2008 at 9:54 pm

The first sign that debt is becoming more of an issue in your life than it should be is the incredible shrinking bank balance. Although you make enough to pay your regular bills, more and more of your monthly income goes toward servicing your rising debt. It gets to a point where money is tight, and you feel like you are choking because there is never enough money. Unfortunately, this situation creates a negative domino effect upon the rest of your financial life.The first to fall is the credit card domino. Your lack of funds causes you to begin to take cash advances to pay your minimum balances or basic living expenses. You know that your gold card still has about $5,000 left on it, so you begin to use it to live on. Or, even worse, you begin to accept all of those credit card offers that come in the mail, and before you know it, you have 10 open credit cards.You take out $100 here and $500 there. "No big deal," you think. After all, you are used to paying off your cards, or at least paying enough that the debt has not, so far, seemed burdensome. You begin to rationalize. You tell yourself that you're just in a temporary cash crunch, that this is why credit cards were invented. Feeling better, you take out another $500.

Posted on November 30, 2008 at 12:27 pm Hi,There are some possible warnings signs that give you advance notice and can help keep you away from a dangerous level of debt problems.  These signs should to be examined on the basis of your own particular situation.  These signs will provide some clues as to why debt reduction is necessary and how to avoid it.However, following are some warning signs of Debt Problems:You usually spend more than you earn.Creditors have started to call you about overdue bills.You are thinking about filing for bankruptcy.Your utilities are disconnected for non-payment.When you are taking out new loans to pay off old ones.If you find any sign, it would be better to take matters in hand as soon as possible.

Posted on December 2, 2008 at 6:18 pm These are all good points. However, one was left out. Once you identify yourself as having a debt problem, you have take the last step. The last step is simple yet hard. It is the action step. You have to now begin to do something about your situation.  Doing the above suggestions is one heck of a start to righting your financial ship.