Know When to Get Debt Help

get-debt-helpAs you Set a Course to Be Debt Free, you may run into the occasional road block. How do you know when you should work through it on your own, and when you should get help?

There is no easy answer to that question; it’s only with the benefit of hindsight, after the fact, that the need for outside help becomes obvious. However, here’s are some quick rules of thumb.

  • If you are struggling to keep up with your debt payments, it’s time to get debt help.
  • If you have a question, an outside debt expert can provide answers.

If you were considering starting an RRSP or a Tax Free Savings Account, professional advice from a financial planner may be a good idea, right? If you were refinancing your mortgage, you would talk to mortgage broker or your banker. If you have tax issues, a tax accountant can be very helpful. The same applies to debt problems. If you have any of the warning signs of debt problems, it’s time get debt help.

Talking to a debt expert, like a trustee in bankruptcy, is the best way to assess your debt relief options.

The sooner you do, the sooner you can become free from the stress of too much debt. The longer you wait, the less options you may have.  The longer you wait, the higher your debts become.

If you are having financial trouble, get debt help right away. Contact an accredited,experienced debt help professional today.

If you have significant debt problems, advice from a credit counsellor or a consumer proposal administrator may be very valuable. Debt terms and rules can be confusing, so contacting an expert may be a wise decision. In most cases advice from a credit counsellor or consumer proposal administrator is free, so getting help may be very inexpensive, and it may help you achieve your debt free goals years sooner.

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