Early Warning Signs You Need To Talk To A 4 Pillars Debt Consultant

It is a very normal human reaction to avoid facing issues that are unpleasant or uncomfortable. Often these unpleasant situations have to do with finances. It is all easy to simply delete emails from creditors, to throw out letters, or to screen calls from credit card companies, banks, or other lenders. However, this does not make the issue go away and only creates more problems.

At 4 Pillars, we take a different approach to managing debt. We create customized plans for our clients, allowing people in Victoria to choose the option for debt repayment that is right for their unique situation.

Many of our clients at 4 Pillars ignored the early warning signs of looming debt problems. To help you to avoid these issues, here are the key signs that individuals or couples in Victoria should never ignore:

• Spending without a plan – a common issue for many people in debt is spending too freely. There is nothing wrong with making purchases, but it is problematic to make purchases that are not possible to repay with your current income.
• Adding credit cards to buy more – adding credit cards to get more credit is not helpful to your financial situation. The more cards people have, the greater the risk of only being able to make minimum payments or in missing payments.
• Borrowing to make payments – unless you are using a consolidation loan to pay off debt, borrowing from one credit source to pay off another is not effective. Taking out loans to partially cover some of the debt is also ineffective and results in an additional monthly payment.

At 4 Pillars, our debt consultants can make an objective, non-judgmental review of your debt and financial situation. The earlier this is completed, the greater the options most people have for repayment. To find out more, call us at 866-690-3328.