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Financial Danger Signs

It can be difficult to see when you are in financial trouble. For some, financial danger signs have been in their lives for so long that they have become a part of everyday life.

Your life does not have to be a constant worry about money

If you experienced two or more of the following danger signs in the last year – it may be time to contact a local bankruptcy Trustee. In the Greater Toronto Area, David Sklar & Associates offers a Confidential & Free Initial Consultation, where we will review you financial situation – and help you find the solution that is best for you. It may be possible to put your unsecured debts behind you, without losing your home or other assets. Call us at 416-498-9200 to book your free consultation at one of our six convenient Toronto offices.

Danger Signs


  • Are you worried that you will never get out of debt?
  • Do you have any savings?
  • Is your income enough to cover your normal monthly expenses?
  • Have you had to borrow money from your family/friends to make it to the end of the month?
  • Are you fighting over money with your family?
  • Do you know exactly how much you owe?

Bank – Cheques

  • Have you been in overdraft at your bank?
  • Are you unable to get a loan from a bank?
  • Have you bounced cheques?
  • Do you write cheques hoping to get money into the account before they are cashed?
  • Withdrawing from your savings?

Credit Cards

  • Have you missed credit card payments?
  • Are your credit cards maxed out?
  • Are you only making minimum payments on your credit cards?
  • Are you using your credit cards to pay for groceries because you do not have the money?
  • Do you take out cash advances on your credit cards to put money on other credit cards?

Collection Agencies

  • Have you been contacted by a collection agency?
  • Do you receive collection calls from more than one collection agency?
  • Are you afraid to answer your phone for fear it is a collection agency?
  • Loan Payments
  • Have you been late on any of your loan payments?
  • Are you paying off loans for items you longer have?


  • Have you been late with your rent or mortgage payments?
  • Have you taken equity out of your home and not used it to pay off your debts?
  • Is your mortgage higher than the current value of your home?

Payday Loans / Cheque Cashing Companies

  • Have you taken out more than one payday loan?
  • Have you ever taken out a payday loan – while you stilled owed money on another payday loan?


  • Have any of your utilities been cut off for non-payment?
  • Do you have to put off paying bills because the money just is not there?
  • Do you not open your mail because you know it is bills – which you cannot pay?


  • Have any of your creditors taken you to court for your debts?
  • Have your wages or bank account been garnisheed?
  • Debt Consolidation Loans
  • Have you taken out a debt consolidation loan?
  • Have you taken out more than one debt consolidation loan?
  • After taking out a debt consolidation loan, did you run your credit cards back up?

We Can Help

If your debt problems seem insurmountable – we can help. At David Sklar & Associates, our Licensed Debt ProfessionalsTM have the experience and knowledge to help you get out of debt. During your consultation, we will help you understand what your current financial situation is, how best to fix it, and how to move on to a better life. With six offices in the Greater Toronto Area – we are here to help.

Call Us Today For a Confidential & Free Initial Consultation Call 416-498-9200