Warning Signs of debt problems

Recognize the Warning Signs of Financial Difficulty

To Remain in Good Financial Health, Keep Your Eye on Your Money!

If some of these signs apply to you, do not wait – call Groupe Serpone! We will help you find useful, long term solutions to your debt problems.

Warning Signs of Being Too Deep in Personal Debt
  • Having your cheques returned NSF by a financial institution
  • Difficulty paying monthly bills (electricity, rent, cable, etc.)
  • You need to pay your basic expenses with a credit card because you lack funds
  • You are only making the minimum payment on credit cards
  • You are using one credit card to pay for another

Warning Signs of Financial Difficulties for a Company
  • Loss of a major customer
  • Significant decrease in business volume
  • Aggressive competitors
  • Decreased market in general
  • Increased production costs
  • Overly high fixed costs
  • Lack of cash
  • Major IT issues
  • Acquisition of a competitor at too high a price
  • Significant threats to the company
    • Environmental problems
    • Prosecution
    • Bankruptcy of a customer or supplier
  • Frequent absences of key staff
  • High debt ratio
  • Financial information not up to date

Think you’re too deep in debt? For a first consultation for free with no strings attached, call us!