If you carry around a credit card or two, like most Canadians, it’s not necessarily a problem. Credit cards offer convenience and flexibility, and used correctly, can help you build a good credit rating as well.
Do you get a sense of dread whenever your phone rings because it is just as likely to be an aggressive collection agent as it is to be your loved one or friend? If so, it’s time to start looking for a solution to the problem. Hiding from it can only last for so long.
Consolidation loans are a great way to manage your debt. If you can get one, it may be a great strategy for you to help you get out of debt. Using a consolidation loan to manage your personal debts will: