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You’re a busy person; you have work to worry about, rent or a mortgage to pay, and bills that keep coming every month. For many people, keeping up with all of their expenses is a real challenge, and debt often builds up before they know it. While debt relief services can help you once you’re in debt, Greg Dunn, Bankruptcy Attorney in Honolulu, HI, wants to help before the debt mounts up. Their dedicated staff explains the common warning signs of debt.

5 Signs You Need Debt Relief Services

1. You Indulge in Retail Therapy

Shopping can be cathartic, but it can also lead to higher credit card bills and higher levels of debt. It’s easy to make the jump from spending too much to carrying a credit card balance each month. While doing this occasionally probably won’t drive you into debt, it can impact your long-term financial goals and make it more difficult to implement a solid savings plan.

2. You’re Only Making Minimum Payments

Debt reliefCredit cards are convenient, but carrying a balance can make getting out of debt incredibly difficult. Though you’ll avoid penalties by making the minimum monthly payment, you won’t be able to pay down that balance quickly. Remember, the more debt you carry, the more interest you’ll be charged over time. A debt relief specialist can help you figure out a better payment schedule to help you pay down the balance quickly.

3. You’re Not Checking Your Bank Balance Regularly

The only way you can make smart spending decisions is if you know exactly how much money you have on hand. Checking your bank balance every few days can help you avoid overdraft fees, reduce the chance of overspending, and help you avoid debt. Working with a legal specialist such as Attorney Greg Dunn will help you establish good money habits so you can avoid going into debt in the future.

4. Your Credit Score Is Low

A low credit score can affect multiple facets of your life–you will not qualify for loans, and, in turn, may not be able to own a home or car. The only way to bring up your credit score is to be better about your finances, but if you can barely make minimum payments on your credit cards, you may never see a higher score. Instead, consult with a bankruptcy attorney about debt relief. 

5. You Receive Frequent Calls From Creditors

Do you dread answering the phone because creditors are constantly calling? Are they calling your office or in the middle of the night? Harassment from creditors is illegal, but you may need to get a lawyer involved. Filing for bankruptcy will not only relieve you of the burden of debt, but it will put a stop to calls from collection agencies. 

Whether you’re currently struggling with debt or are engaging in any of the above behaviors, debt relief and debt consolidation help from Greg Dunn, Bankruptcy Attorney, may help. Learn more about his bankruptcy assistance and debt counseling online and call (808) 524-4529 to schedule a free consultation.  

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