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Learn warning signs of credit danger from Dr. Neidermeyer. Take action steps to avoid financial distress. Stop impulse buys, manage bills, seek help if needed.
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CREDIT DANGER SIGNS Dr. Neidermeyer
Serious Trouble If • Use CC to buy on impulse. • Postdate checks to avoid bouncing. • Exceed limit on CC. • Don’t add up bills to avoid facing reality. • Borrow to meet normal living expenses. • Use one CC to meet payment on another. • Barely make minimum payments/no savings.
Action Steps • Quit using CC. • Coordinate with CC company to arrange acceptable payment program. • Obtain credit counseling if you’re in an extreme upside-down situation. • Re-think your “Needs” and “Wants.”