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
http://nfcc.org/.
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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