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Michael D. Hart, P.C.
Helping You Move Forward Free Of Financial Problems
540-627-6520
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Is your debt nearing the danger zone?

You have debt. This is not unusual. It seems that everyone carries a certain amount of debt, even if it is only a mortgage, car loan and student loan. However, you may find your paycheck does not stretch as far as it once did, and the number of envelopes or email reminders you receive from creditors may be starting to overwhelm you.

When you are right in the middle of the situation, it may be difficult to tell if you are losing control of your financial stability. Everyone goes through rough patches with their money, but if you are in trouble, you will want to seek help as soon as possible to avoid the very negative ramifications of being unable to pay your creditors what you owe. Can you recognize the signs that you are drowning in debt?

Facing the truth about your finances

Even if you can pay all your bills each month, your debt level may be a serious issue. One sign that you have too much debt is that your income goes to paying debt and little else. You have no savings, no emergency fund and no financial security for your future. This means you are likely using your credit cards when unexpected expenses arise, and you may have moments of panic when you think about retirement. Other signs that your debt may be out of control include the following:

  • Making only minimum payments on credit cards
  • Having multiple credit cards that are maxed out, near the limit or over the limit
  • Using your credit card for cash advances or to pay for routine expenses like gas and groceries
  • Paying late fees because you can't always make payments on time
  • Continuing to use your credit cards while you try to pay them down
  • Receiving denials when you apply for a credit card or loan
  • Overdrawing your bank accounts
  • Lying to your family and friends about your true financial situation

You may not even know the exact amount of debt you have. You are not alone. Those who do not know how far in debt they are often avoid finding out because they already know they are in trouble and are afraid to see how bad the situation really is.

Fortunately, there are options available for those in Virginia who are drowning in debt. With the assistance of a compassionate attorney, you can explore the various methods of debt relief that may provide you with the chance for a financially secure future.

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Michael D. Hart, P.C.
19 Church Street Southwest
Roanoke, VA 24011

Phone: 540-627-6520
Fax: 540-342-7655
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