Submitted by: Rachel Ikin

For many people in debt there are difficulties in meeting payments and they struggle with constant letters from their creditors, dreading the post each morning and every time the phone rings.

For some people with debt problems, they are suffering from debt problems due to a history of compulsive debting.

Compulsive debting can be determined by several different signs including:

1.Being unsure about your financial situation. Not ever knowing what your bank account balance is, what your monthly expenses are, or loan interest rates, fees or fines.

2.An alternative feeling when buying things on credit than when paying cash, a feeling of being grown up or being accepted

3.Constantly borrowing small items from friends such as pens, small amounts of money or insignificant items but failing to ever give the item back.


4.Overworking or under earning: Working extra hours to earn money to pay creditors, using time inefficiently, taking jobs below your skill and education level.

5.Compulsive shopping and spending and the inability to pass up a “good deal”; making impulse purchases; leaving price tags on items so that they can be returned and not using items that were purchased.

6.Difficulty in meeting financial obligations, and a huge sense of accomplishment when such obligations are met.

7.Constantly hoping that someone will take care of your finances if necessary, thinking that you won’t really get into serious financial trouble and that there will always be somebody that you can turn to.

8.Constant drama and chaos around money: Using one credit card to pay another; bouncing checks; always having financial problems to contend with.

9.A tendency to live on the edge: Living paycheck to paycheck; taking risks with car insurance and health insurance; writing checks without having money in the bank to cover them.

10.Embarrassment in what should be a normal discussion of money.

11.Not caring for and valuing yourself. Living in deprivation, denying basic needs in order to pay your creditors.

12.Bad savings strategy/plans. Never planning for the future. Not making any future plans for pensions and retirement or saving for a rainy day. Not preparing for inevitable large bills eg council tax, water, electricity, car servicing etc, and then feeling surprised when they come due

People who have got themselves into serious amounts of debt and are struggling with repayments, should seek the advice of a debt management company or debt advisor.

Debt Release Direct offer professional expert advice with CERT-DR qualified staff. Call 08000197465 to speak to an advisor today.

At some point in their life, almost everyone finds themselves in need of financial assistance or advice. When you need help with your debts it is crucial to talk to a professional who can give you the right debt advice, quickly.

Debt Release Direct is part of the Release Money Group, which has more qualified debt experts than any other debt management company. We pride ourselves on the quality of our professional advice and the effective debt management plans and debt solutions that we offer.

As a founder member of the Debt Resolution Forum (DRF) we are helping to promote professional standards and spearheading the adoption of the professional Cert-DR qualification in debt advice. Whether you would prefer to speak to a debt professional face to face, on the phone or receive debt advice online we will be happy to advise and support you in strictest confidence and with no obligation.

If you qualify to write off unsecured debt in an IVA, we refer you to our in-house insolvency practice Varden Nuttall Ltd, which is the UK s top-rated insolvency practice by customers on and in top-3 2010 lists by creditor representatives TIX and KPMG.

About the Author: I am the online marketing manager for Debt Release Direct


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