Pay off your Debt

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Paying off your debt when it feels impossible

Rounding it up

  • If you have multiple types of debt, try consolidating them all so you end up with one loan, one monthly payment, and one interest rate.

  • If you’re denied a consolidation loan, call your creditors to negotiate a payment plan and speak to a non-for-profit credit counsellor.

  • If you’re unable to negotiate a repayment plan, it’s time to consider a consumer proposal or bankruptcy.

  • Don’t forget, even if it feels like you’re at a dead end with your finances, there is always more than one way out.

5 min read

Parween Mander
#debt#repaying#credit#finances

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