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Based on your answers to the quiz, you appear to be in good financial standing with sound financial habits.
To avoid future debt problems, make sure to keep your spending under control—particularly when it comes to credit cards. If you use credit, we recommended using a credit card with the lowest interest rate and to make sure to pay off your debts as soon as possible. Maintaining a zero balance and paying off the credit card each month would be ideal—remember the creditor will charge interest each month no matter how low your balance is.
If you don’t already have a formal budget in place, we recommend creating a budget so you can monitor your finances easily and make adjustments to your spending as needed. You should review your budget at least twice per year or anytime you are making a change in your spending or income. Also make sure to check your credit report at least once per year so you can dispute any discrepancies.
We invite you to use the free resources available in our Debt Learning Centre to build your financial understanding and improve your finances overall. If you know someone who needs help or you’re ever in a situation where your finances are out of control, please don’t hesitate to contact us at to speak with a trained credit counsellor for free.
Based on your answers you are experiencing financial hardship.
Getting your spending under control as soon as possible is critical. Avoid using credit cards and create a budget to cut out unnecessary spending. This will help for you to make an accurate assessment of where your money is going so you can adjust spending as needed. With a budget in place and a clear picture of your expenses and debts, you will be better equipped to make the financial decisions needed to get your finances back on track.
We also encourage you to give us a call to see if we can help. A trained credit counsellor can assess your debts and review your budget for free to help you determine the best solution to your financial difficulties. Call today or fill out our Free Debt Analysis and a credit counsellor will contact you to offer advice.
Based on your answers, it seems like you’re in need of some financial help.
A few of your financial habits indicate a more serious financial problem may be ahead if you don’t get a better handle on your finances. First, make sure to create a budget that accurately reflects your spending each month. Keep any credit card spending in check and try to develop your budget so it allows you to pay more than the minimum amounts due on your credit card bills each month.
If you simply can’t get your current debt under control with a basic debt reduction strategy, don’t wait to get help. Call us at to speak with a certified credit counsellor today. You credit counsellor can assess your debts and budget for free in a confidential, no-obligation consultation. If you prefer, you can get started online with a Free Debt Analysis.
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