One of the biggest hurdles people face before deciding to do something about their debts is having to acknowledge that there is even a problem. Denial is a strong force, one that can hinder you from making improvements to your financial situation.

If you need validation that your finances could be in better shape, here are 10 warning signs, taken from the pages of our Debt Relief Guide, that you may be in trouble.

1. You are only paying the minimum amount, or less, required on your accounts.
Do you realize how much money you’re flushing down the toilet when you only make minimum payments? You’ll probably end up paying more in fees and interest than the item originally cost. If you can afford to pay more, do it. Otherwise look at other debt relief options.

2. You shuffle debt around from credit cards to credit cards.
You’re not really paying off anything when you use other credit cards to make the payments. Debt shuffling does not equal debt repayment.

3. You are near the limit on each of your credit cards.
When you have high credit card balances relative to your credit limit, it decreases your purchasing power and lowers your credit score.

4. You charge more each month than you make in payments.
This is something that needs to be nipped in the bud. Otherwise, the debt cycle will never be broken. It’s important to create a budget and aim to make payments on time and in full.

5. You’ve received phone calls or letters about delinquent bills.
Are you constantly worried about getting calls from your creditors? Stop living in fear! It’s time to deal with the situation by resolving your debts and cleaning up financial house.

6. You use credit cards because you don’t have money.
We understand that times can be tough, but when you do this, you do greater damage to your finances in the long run.

7. You are dipping into your savings to pay your monthly bills.
Any reputable financial advisor will tell you how important it is to have an emergency fund. If you are having trouble making payments and dipping into your savings, a professional debt relief company may be able to help get you back on track.

8. You are embarrassed about your debt and don’t let people know about it.
Struggling with debt isn’t uncommon, but many debtors are ashamed of their situations. They want to appear fine to the outside world, but debt can be a serious problem. The earlier it is addressed, the easier it is to recover from.

9. You sign up for every credit card that sends you an offer.
Every time you sign up for a new card, your credit gets pulled. If you are maxed out on your current cards, don’t rush to get a new one! Instead, spend some time to get your current accounts healthy.

10. You worry constantly about your next paycheck or income source.
Are you always impatient for payday? It’s so stressful to live paycheck to paycheck, and it shouldn’t have to be that way. Perhaps it’s time to review your spending and savings habits, and develop a plan to make better financial choices.

If one or more of these statements relate to you, then yes, you may be in financial trouble and can benefit from debt help! Good thing you came to the right place.

Freedom Debt Relief can go over your situation and help you discover your best options. Give us a call today at 1 (800) 544-7211.

All the Best,
The Freedom Family