Check out 4 effective solutions to credit card debt problems.
Sometimes we believe we are really living the good life, but we may have no idea at what cost. The ease with which many people have been able to acquire credit has been an advantage for some for a long time, however, the end results have been the creation of a disastrous scenario for several [...]
When people come to credit counselling to consolidate debt payments, one of the first questions from a debtor is:
‘Will my credit score be damaged if I go on a debt management program to consolidate debt payments and have R7s on my credit report?’
This is not a simple question to answer, but the client always wants [...]
Credit counsellors are often explaining what APR (or the Annual Percentage Rate) is. It helps explain to clients how they got into debt, and what measures they can do to get out of it again. It is basically the amount of interest added onto your credit card bill at the end of the [...]
In Canada, more and more clients are coming to credit counselling seeking debt consolidation though a debt management program (DMP). A sticking point though is the fear having R7 ratings on their credit report for 2-3 years after their debts are paid off. Typically, we have the same conversation with clients and explain how in [...]
Canadians are in credit card debt more that anyone thinks. Ask subtly your friends or work colleagues if they have a balance on their credit cards. I am sure more people that you know will be in a similar situation. Debt consolidation may be your best defence at tackling this wide spread problem.
Getting [...]
If you have high credit card debt, bad credit and have been unable to get a consolidation loan from your bank, there are options for you to solve your finance issues.
Credit counselling companies exist to allow a debtor to consolidate debt repayments, allowing for an easier life and getting you debt free much faster.
Lets look [...]