Feel Like You are Alone?

By Tony Sottile, Esq.

Well, you aren’t. According to Howard Dvorkin, president of the nonprofit Consolidated Credit Counseling Services Inc. in Fort Lauderdale, Fla., “Now we’re seeing a new crop of people starting to get into trouble.” With the Federal Reserve raising interest rates and the sky-rocketing cost of fuel, many people are finding it harder than ever to make ends meet.

Dvorkin discusses several signs a consumer can tell they’re in trouble, among them are:

1). Transferring payments from one credit card to another.
2). Making only the minimum payments to each of your creditors.
3). Making late payments to important household bills such as the mortgage, car payments, etc.
4). Delaying necessary expenses like prescription medicine and doctors appointments.

I see clients on a daily basis who exhibit many of these signs and more! As the summer temperatures heat up, don’t let your finances spiral further out of control. Do something about it and give us a call.