If you feel as though the debt that you are in right now is becoming unmanageable, then there are steps that you can take to try and stop yourself from spiralling. Here’s what you should do if you are facing excessive debt you cannot repay. Make a Budget Making a budget is a very important… Continue reading What Should You Do When Facing Excessive Debt?
In Canada, many people struggle with credit card debt. Part of the reason behind this is that they don’t act to restructure their debt, leaving them with high-interest payments that can be difficult to manage. Unfortunately, many people get into a cycle of unaffordable credit card debts, leading to all kinds of complications, with further… Continue reading Why High Credit Card Debt Should Be Restructured Urgently
One of the most common reasons why people file for bankruptcy is due to high-interest debt. Debt can be manageable while interest is low, helping you make affordable payments that fit within your budget. But unfortunately, not all loans and credit cards are low-interest, and it’s the higher interest debts that lead to problems. There… Continue reading Why You Need To Avoid High-Interest Debt
The emotional and toxic effects of debt can be overwhelming. Debt can take a toll on relationships, your emotional and mental health, and your physical health. Below are some of the ways that debt can begin to affect each aspect of your life, as well as how to seek help and when to seek it… Continue reading The Toxic Effects of Debt