Warning Signs of Debt

  • Frequently pay bills after their due date
  • Regularly bounce cheques
  • Use one credit card to pay the minimum amount owing on another card
  • Receive calls from collection agencies
  • Regularly ask friends or family members for loans
  • Have your utilities cut off (telephone, hydro, cable)
  • Have cut back on regular budget expenses such as clothing and recreation, or necessities such as food
  • Are considering taking a second job in order to help pay bills
  • Continually go over your spending limit or you use credit cards as a necessity rather than a convenience
  • Wages have been garnished to pay for an outstanding debt
  • Pay only interest charges monthly and do not reduce your total debt over a number of months