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Finance Quick Answers



How can I tell if I'm having a credit emergency?

You may be facing a credit emergency if you answer "yes" to any of the following questions. Have you:

1. Argued with your significant other or spouse over bills?


2. Been using so much of your income to pay off debts that you don’t have enough money to live in between paychecks?


3. Approached or reached your credit limits?


4. Been paying only the minimum on charge accounts?


5. Had trouble paying bills on time?


6. Borrowed for items you used to pay for in cash?


7. Put off medical or dental visits because you can’t afford them?


8. Reached a point where losing your job would push you into a financial crisis?


9. Been threatened with repossession of your car or credit cards; or other legal action?


10. Become afraid to add up your total debt?

For help, contact a non-profit credit counseling organization in your area. Be careful, dishonest credit counseling “agencies” can trick you. For more information and to find a legitimate credit counselor, see the Web site for the National Foundation for Credit Counseling at



Written by:
Sandra McKinnon, M.S., family financial education specialist, Franklin County, University of Missouri Extension & Cynthia E. Crawford, Ph.D., family financial education specialist & county program director, Saline County, University of Missouri Extension






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Last update: Tuesday, March 03, 2009

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