Mortgage rates are up again and nobody knows if they will continue to climb or if this was the last increase before a long pause.

I just know that we are in a period of uncertainty and therefore this may be a good time to review “the financial disaster warning signals” .

Ask yourself these 3 questions:

How do you know if you are just falling little behind or if you are on your way to bankruptcy?
How can you keep bankruptcy from happening when the bills just won't stop coming?
How do you climb out of the debt hole without causing irreparable damage to your credit report - not to mention your quality of life?


Here are some of the common warning signals which if corrected in time, can help you to steer clear of financial disaster.


Spending increasing amounts of your income to pay your bills
Putting off paying your bills for few days because you don't have enough money to cover them
Being near, at or over limit on your credit accounts
Being turned down for credit because your ratios are over limit
Making only minimum payments on your bills
Juggling your bills by paying minimum monthly payments on another credit card
Using credit card for small expenses because you don't have enough cash to pay for them
Paying bills with money which was supposed to go for something else
Using credit to pay for normal living expenses
Using saving account to pay your bills
Have no savings
Having your credit cards cancelled by the issuer because you have been consistently over your limit
Had your auto or life insurance cancelled because you can't afford them
Putting off medical visits because you can't pay for them
Working overtime or two jobs to have extra cash
Received utilities shut-off notices in past
Being overdrawn at the bank
Worrying a lot about your money
Argue with spouse about money problems
Being afraid that someone can find out how far in debt you are


If you answered yes to one or more of the questions, you may or may not have cause for alarm, depending on the context of your answers, however if you are drawing down your savings to make minimum monthly payments on all of your credit card bills, then the alarm bells should be ringing loud and clear.

If you answered yes to many or most of the warning signals, you definitely have a problem and should seriously consider taking care of it before it's too late!

Feel free to complete my on-line application at http://www.centum.ca/mustapha_maynard and I’ll do my best to help you.

Thank you

Mustapha Maynard
http://www.centum.ca/mustapha_maynard