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Deeply in Debt: Warning Signs That You’re in Debt and Need Help

deeply in debtAre you in debt denial? The cold reality is that a number of people refuse to acknowledge the writing on the wall: that you’re deeply in debt. Sometimes, what you need is a wake-up call to help you realize just how bad things are so that you can begin the process of getting your finances in order.

Here are some warning signs to help you realize you’re deeply in debt and just how bad your situation might be.

Deeply in Debt: Warning Signs That You’re In Debt and Need Help

Being in debt can really take a toll on you. Below, you will find some warning signs that you might be deeply in debt. If you can relate to any of them, then it’s time to get all your options about debt explained by a not-for-profit credit counseling agency that can help you out. They’ll be able to work with you to develop a debt repayment plan that will help you take back control of your finances (and your life).

1) Trouble Paying Bills

The first clear and most obvious sign that you’re in debt is if you’re having trouble paying your bills. You start to miss payments and/or can’t even pay the minimum. Next thing you know you are paying late fees and overdraft fees as well.

You might even begin to sign up for new credit cards just so that you can make payments on the old ones – or even so that you can pay your utility bills. It’s a spiral that once you’ve begun is extremely hard to stop without the right help.

Related: Deep in Debt: Has Your Debt Gotten Out of Hand

2) Poor Mental Health

Whether you’re trying to ignore it or not, money stress is real and it can:

  • affect your mood
  • lead to anxiety and depression
  • keep you up at night as you toss and turn worrying about how you’re going to pay your bills next month.

Poor mental health can affect your physical health as well, causing high blood pressure and possibly leading to more serious conditions like heart disease and stroke.

3) Arguing With Your Partner

Money is one of the biggest reasons why couples argue. Financial issues can get so bad that they often lead to divorce as well. If you find that you and your partner are arguing a lot about money and that the tension between you two is rising, then this is a clear sign that you’re in financial trouble.

During this difficult time it’s important that you two are on the same page and supporting each other. Set clear financial goals and work through them to alleviate the debt.

Related: Your Money or Your Wife

4) Collection Calls

When you start avoiding calls or putting your phone on silent or vibrate to avoid debt collectors, then you know you’re in deep. These people can be ruthless in their barrage of calls, and it can get so bad that you eventually start jumping at the sound of your phone ringing.

Don’t let this happen to you – it’s time to face reality and begin working on paying off your debt, no matter how hard it might seem.

Related: Why Is It Important to Pay Off Debt?

Debt Help is a Call Away

Don’t be afraid to contact a not-for-profit credit counseling agency if you need help. Sometimes it’s just too tough to be done alone. They can offer you non-judgmental advice and tell you the options available to you. Though it’ll be a lot of work, with their assistance it is possible to become debt free.

Are you ready to get out of being so deeply in debt? Have you considered asking for help?

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AUTHOR LaTia Longuemire

My name is LaTia Longuemire. I enjoy writing, singing, and cooking in my spare time. My passion is helping others. At this stage in my lifetime, I'm primarily focused on my children. They are everything that keeps my world spinning.

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