Canadians are saddled with some of the highest household debt levels in the world, carrying $2.9 trillion in consumer and mortgage debt — nearly double what they carried 10 years ago. With more and more people attempting to live beyond their means, it’s only natural that credit troubles are also becoming more common. Insolvencies, and […]
Recognizing When You’re in Financial Trouble and What to Do
Financial problems often have a way of sneaking up on you. You can open a credit line here or buy a few things with your credit card over there, and before you know it trouble is on your doorstep. If you begin to ignore your finances, you could be facing payments that are beyond what […]
Where to Start If You Want to Get Out of Debt
In today’s world it is very easy to get into unmanageable debt without even realizing it. Trying to work your way out of it can be a very frustrating experience. Credit card interest rates, family obligations and even a decreased income as a result of a tough economy all can conspire against you in solving […]
How Can a Credit Counsellor Help Me Create a Debt Repayment Plan?
If you have gotten yourself into a credit or debt situation, you may end up in front of a credit counsellor at some point. A credit counsellor is a certified professional that will help you get your financial situation back on track and get you out of debt. Credit counselling isn’t a ‘quick fix’ solution and it […]
Can Credit Counselling Services Really Get Me Out of Debt?
For anyone who believes credit counselling services are some magical way to get out of debt, they aren’t. However, when you combine them with your participation and discipline, then you’ve got something. Credit counselling is all about finding the debt solution that will work the best for your individual situation. It isn’t magic, but it […]
Who Is Eligible For Credit Counselling Services?
Credit counselling services involve the assessment of your financial situation and the development of a methodic debt relief plan. Credit counseling is good for anyone looking to reduce or eliminate debt or simply wishing to learn how to manage money effectively. It is about getting the right advice from expert counsellors on how to handle […]
The Top 10 Reasons You Need to See a Credit Counsellor
By Susan Eisner 1. Trusted and local: You’ve decided to pick up the phone and call an organization that says they do “credit counselling”. But what questions should you ask? Are the counsellors certified? Do they offer in-person counselling? Check with the Better Business bureau (BBB) to see if the agency has any complaints filed […]
How Can Credit Counselling Services of Atlantic Canada Help Manage Your Debt?
By Tamara Kelly Credit Counselling Services of Atlantic Canada Inc. established in 1994, is a registered non-profit organization, providing confidential and professional credit counselling, education outreach services and debt repayment programs to families and individuals in Atlantic Canada. Have you ever felt overwhelmed by your finances? You are not alone, sometimes it lasts just for […]
3 Reasons Consumer Credit Counselling Works
Consumer credit counselling involves educating consumers on managing their finances. Consumers are learn how to avoid or get out of debt, how to create wealth and how to achieve financial freedom and prosperity. The goal is to help them get over financial difficulties through budget counselling, enrolling them in debt management programs and keeping them on the […]
5 Things You Need To know About Debt Settlement Services
When faced with debts that have become overwhelming, it is easy to be misled in the eagerness to find a way out of the predicament. The promises of unscrupulous companies sound like a lifeline but they are not. Here are five things about debt settlement services that you should understand before engaging them; 1. Creditors […]
