You are constantly spending more than you earn. If your wages aren’t enough to pay your bills, then how can you ever hope to pay off your debts?
You always pay the minimum on your credit cards. When you’re paying only the minimum, you’re usually only paying off the interest on your card which means you’ll never be able to reduce the balance.
If your credit cards are all maxed out. In most cases, this happens because you can’t afford your lifestyle on your salary. Working with an Atlanta bankruptcy lawyer can help you clear these debts so you can start over fresh.
You are late on payments or use credit cards to pay bills. If you can’t pay your bills on time or use balance transfers, credit cards or cash advances to make payments, it is a good warning sign that you can’t afford your debt.
You have been turned down for credit cards or loans. If your credit is damaged to the point where you can’t borrow, you might be in need of an Atlanta bankruptcy attorney.
Minor, but unexpected expenses, like parking tickets or doctor visits make you stress about paying bills. If you can’t cover these small expenses, it can be a good sign that your budget is too tight.
You owe more on your home or car than it is worth. When your assets are valued at less than your debts, it might be time to get help.
You are being harassed by creditors. This might be the biggest indicator that you need help. By filing bankruptcy, you can put an end to these calls and letters.
