The Behavioural signs of someone with a debt problem.

10 signs of the behaviour of someone who not just has debts, but has the tendencies of a compulsive debtor. People who are unorganized and chaotic in life, often let this spill over into handling of their personal finances.

1. Being unclear about finances.
   People with debts are often unaware of basic details of their financial affairs.
   Do you know your account balances, monthly expenses, loan interest rates and other financial obligations?
   If you have a mortgage, do you know the interest rate and amount outstanding on the loan? 
2. Prefer buying on credit.
   Do you get more of a buzz when buying on credit than when paying by cash?This is often the feeling of being in a club, of accepance, of being grown-up.
3. Frequently and unnecessary borrowing of anything and everything.
   Are you always borrowing CD’s, pens, etc, or small amounts of money without returning them?
4. Bad or no saving habits.
   Do you fail to plan for one-off but inevitable expenses, such as car repairs?
   Do you feel surprised and hard done by when such expenses arise?
5. Compulsive shopping.
   Are you unable to pass up a seemingly good deal, even though you don’t need it?
   Do you frequently make impulsive purchases of items you never or rarely use?
6. Difficulty in meeting basic financial obligations.
   Do you feel this is an ordeal ?
   Do you you and feel an inordinate sense of accomplishment when such obligations are met?
7. Constant Financial Drama.
   Are you always using one credit card to pay another?
   Bouncing cheques?
   Are you lurching from one financial crisis to another?
   Living from payday to payday?
8. Cannot talk about money in a normal way.
   Are you inhibited or embarrassed in what should be a normal discussion about money?
9. Overwork or under-earning.
   Are you working extra hours to pay your creditors?
   Are you taking jobs below your abilities to raise extra money?
10. Low self-esteem.
    Have you an unwillingness to care for and value yourself?
    Are you living in self-imposed deprivation?
    Are you denying your own basic needs in order to pay your creditors?
    Generally speaking, low self esteem results in bad personal decisions. For a debtor with low self esteem due to their debts, this inevitably means more poor financial decisions.

If you see yourself here and are unable to pay you debts as they fall due, then you can call us for Free advice on possible solutions for your situation.

Please share you opinions with the readers of this debt advice blog.
Have you, or do you know someone with a compulsive debt problem?
How else would you tell if someone has a debt problem?
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