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Debt Can Overwhelm You
If you are experiencing any of these early warning signs of debt, do not wait – contact Serpone Group today! We will help you find practical, long-term solutions to resolve your debt problems.
Serious Signs of Debt
- Cheques returned for insufficient funds by a financial institution
- Difficulty paying monthly bills (electricity, rent, cable, etc.)
- Having to pay for basic necessities with a credit card due to insufficient funds
- Only making minimum payments on your credit cards
- Using one credit card to pay off another
Early Warning Signs of Financial Distress for a Business
- Loss of a major client
- Significant decrease in business volume
- Aggressive competition
- General market downturn
- Increase in production costs
- Very high fixed costs
- Lack of liquidity
- Major IT problems
- Acquiring a competitor at an inflated price
- Significant threats to the company
- Environmental issues
- Legal actions
- Client or supplier bankruptcy
- Frequent absences of key personnel
- High debt ratio
- Outdated financial information
Feeling overwhelmed by debt? Contact us today for your first free consultation!
