Warning Signs of Financial Difficulty

• Spending more than 20% of net income on consumer debt repayment is a sign of financial difficulty. For example, if your take home pay is $1200.00 per month and you are paying more than $240.00 per month in debt repayment, you may be facing financial difficulty.
   
• Using Visa to pay Mastercard and Mastercard to pay Visa.
   
• Using credit card cash advances for day-to-day expenses and necessities.
   
• Only being able to pay minimum payments on credit card balances each month.
   
• Using paycheque advancing companies frequently (eg. Stop n' Cash, Money Mart)
   
• Having difficulty paying your monthly bills regularly and on time.
   
• Using overdraft most months.
   
• Charging more on your credit cards than you pay in minimum payments each month.
   
• Collection agencies are calling you.
   
• Your wages are being garnished.
   
• Ässets have been repossessed.
   
• Utilities have been cut off.
   
• You are being sued for your debts.
   
• You can't afford to repair/maintain your home.