It’s easy to get into debt these days. Credit is easy, and the cost of everything you need to buy rises day by day. Canadians receive only one message in every form of media, constantly barraged with messages telling us to buy now and pay later. If you feel that you’ve gotten in over your head with easy credit, and the worries that mounting debts can bring are starting to negatively affect your life, it’s time to do something about it. If you’ve spent even one sleepless night worrying about paying your bills, it’s time to contact our trained debt consolidation specialists and get control of your debts and get back your financial peace of mind.
School Doesn’t Educate Us In Money Matters
Canadian are well educated, but there’s one aspect of adult life that never seems to get the attention it deserves at any level of schooling. Financial literacy is barely even touched upon in school, even though it could have the post profound effect on us as adults. It’s no wonder that so may Canadians are finding themselves in trouble financially, often without even knowing how they ended up that way. There’s no reason to go it alone if you’re having trouble with debt, and our trained, friendly counsellors can help you craft a plan to consolidate your debts as well as advise you on ways to stay out of debt for good.
An Accurate Budget Is The Key
Perhaps for the first time in your life, you’re going to need to prepare an accurate budget that reflects your income and expenses. If you’ve gotten into too much debt, that’s a signal that you could use help in understanding the fine print on your loans and credit accounts, and how much debt your income can comfortably handle. That first, important step will be so much easier if you have the help of a dedicated, trained, professional counsellor that’s familiar with all aspects of credit, budgeting, and debt consolidation.
You’ll find that if you begin with a workable and affordable budget, you’ll be able to attack your existing debt in a steady and organized way. As your plan continues, you’ll not only see your worries decrease, you’ll find you’re gaining real spending money every week as less and less of your paycheque goes straight to interest on money you borrowed years ago. By paying your consolidated bill on time each month, you’ll also lower your risk of missing due dates and incurring high fees and penalties.
Take Action Before It’s Too Late
Remember, in addition to making the amount of money you have to pay back grow ever higher, late payments can affect your credit score. Bad credit scores will affect your ability to borrow money, and you’ll have fewer and fewer options available to consolidate your debt at attractive rates of interest. The time to act is always before you’re backed into a corner by payday loans or your other debts. We can help.
Debt consolidation is an effective strategy for getting control of your finances and streamlining your payments. One monthly payment that’s affordable, often at a substantially lower interest rate than the loans you’re currently paying, is sure to pay off your debt faster, safeguard your credit rating, and put more spending money in your pocket at the same time. That’s why you need the expertise of our debt consultants to show you the way to attack your bills and find the loan products you need.
Compound Interest Invites A Debt Spiral
The ability of compound interest to grow like a cancer is astonishing, and even one debt with high interest rates can keep you a slave to debt indefinitely. The urgency of paying the least economical loans can make you skimp on paying off other lines of credit, the first signs of a debt spiral. A debt spiral is where you pay more and more of your income in interest, but the principle never seems to go down. It will actually continue to grow even though you’ve completely stopped buying things using credit, until you begin to default on payments and the whole house of cards ends up at your feet.
Consolidate Debt For Everything At Once
Debt consolidation isn’t just for credit cards. If you have outstanding debts for utilities, department store lines of credit, loans on consumer goods like cars, boats, or motorcycles, or other short-term obligations like payday loans, you can retire all of them in one consolidated payment.
While it’s not complicated to turn your debt problems around, you may have difficulty doing it on your own. You need confidential, trained expertise to draw up an appropriate budget that still allows you to live a normal life, and to get the best deals on consolidation loans.
Why not contact us today and talk to us about the many ways you can get out of debt and stay that way. We can help you get back your financial freedom. Contact us now before you miss another payment or another good night’s sleep!