You may already know you are in in debt and in financial distress. Maybe you are considering bankruptcy. If you are unsure how critical your personal financial situation is, ask yourself these questions:
Are your creditors constantly contacting you for payment of overdue bills?
Are you always only making the minimum payment on your credit cards?
Do you take cash advances from your credit cards or borrow money from family or friends to pay regular monthly living expenses?
Are your wages being garnished or are your assets being seized?
Are bill collectors or collection agencies calling you at work for payment of your bills?
Do you constantly pay interest and service charges on all your debts because you can't pay on time?
Do you spend more than 40% of your take-home pay on your rent or mortgage, house maintenance and utilities?
Are you always making arrangements with your creditors to catch up on missed payments?