How Credit Card Debt Works
When you look at the facts about credit card debt in Canada, you’ll be astounded just how debt has become a national pastime. It’s a lot easier to fall into credit card debt than to pull yourself out. The first step to get out of debt is to understand how credit card debt works, and then making a conscience effort to change your lifestyle. Here are some essential facts on debt and credit cards:
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Debt EssentialsLearn the steps to take when you’re in debt and need to find help getting out. Know what information you need to gather and get a brief overview of the options you have to find debt relief. Read more Two common credit card debt relief options Canadians think of when they fall victim to financial problems are consolidation loans and bankruptcy. Many people are unaware that each of these options may bring new, more serious difficulties into their future and often they are only temporary solutions. Read more An overview of different options you can take to find debt relief by negotiating with creditors, paying debts off strategically and enrolling in a debt management program. Read more Do you need help with credit card debt? Should you be speaking with a credit counselling agency? Consolidated Credit Counseling Services of Canada, Inc. has compiled a list of danger signals for credit card debt. Read more |
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Essential Credit Card FactsCredit Cards: What You Need to Know Credit cards don’t have to be a gateway into debt. This guide is designed to give you the facts you need to be a wise consumer and the tools to use credit cards to your advantage. Read more Understanding Your Credit Card Statement By reading and understanding the fine print (especially the fine print) of your credit card statement, you will be practicing proper credit management and it will help you to become more educated on how your credit card program works. Today, credit card statements outline exactly how long it will take you to pay off the balance should you only make the minimum payment each month. Read more Understanding Annual Percentage Rate (APR) We have created this guide on understanding your Annual Percentage Rate. The more perceptive you are regarding your personal finances, the better chance you have of staying debt free. Read more |
Learn How a Credit Counselling Agency Can Help
A credit counselling agency can help you find a way to pay off your credit card debt. A credit counsellor can review your existing income and expenses, and advise you of the best way to manage your personal finances.
A credit counsellor might also advise you to enter a debt management program or recommend other credit card debt relief solutions.
Consolidated Credit Counseling Services of Canada, Inc. can help you with your credit card debt. You can call 1-800-656-3920 to speak with a credit counsellor now or start your Free Credit Card Debt Consultation online.
You’re not the only one with questions about credit card debt. View what others are asking: Debt: frequently asked questions.
What Our Clients Say About Consolidated Credit
…My financial situation is not different from anyone, starts out with a line of credit, two credit cards, next thing I know, I am just spinning my wheels just making the minimum payment each month. Stress brings desperation, call my bank ask for a small loan, got turned down, which lead me to Consolidated’s debt counselling program. They assured me in less than five years I will be debt free, with a small monthly payment, I’m so happy to say that time is here - I’m debt free…
Hilarion R.
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| All About Credit | |
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This basic ‘Credit 101' publication explores the pros and cons of using credit, provides a guide and calculation formula to help consumers find out how much credit they can afford, and offers advice on what elements should be considered before applying for a credit card, how to build a positive credit history, and existing credit rights. |
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