The fastest way to pay off credit card debt is to combine strategic repayment methods, budgeting, and tools that reduce interest rates. […]
How To Pay Off Credit Card Debt Fast
How to Get Out of Debt
If you want to get out of debt, there is no need to take it on all at once, as you risk getting overwhelmed and discouraged. Consider these steps and how to apply them to your life:
Assess your debt situation.
Create a realistic budget.
Choose a debt repayment strategy.
Consider debt relief options.
Build better financial habits. […]
How Will Debt Settlement Affect My Credit Score?
If you’re overwhelmed by debt and exploring solutions, you may be wondering: How will debt settlement affect my credit score? The answer depends on how the settlement is done. In Canada, a safe and effective way to settle debt is through a formal, legally binding process called a Consumer Proposal, administered only by a Licensed […]
When a Licensed Insolvency Trustee and Credit Counselling is Needed for Debt Relief
Many Canadians face mounting financial pressure from credit cards, loans, and other unsecured debts. Knowing how to navigate these challenges and when to seek help is essential for regaining control over your finances. At A.C. Waring & Associates, we offer a one-stop solution for both credit counselling and licensed insolvency services, making it easier for […]
How To Qualify for Debt Relief in Canada
If you are feeling overwhelmed by debt, you are not alone. Canadians across the country, particularly in Alberta, face significant financial challenges. But there is hope. Debt relief programs offer a lifeline for those drowning in debt. There is no one-size-fits-all answer to qualifying for debt relief in Canada, as the answers vary depending on […]
How Debt Consolidation Works in Canada: A Detailed Guide
Dealing with debt can feel overwhelming. You might be tempted to think of “overwhelming debt” as owing a large amount of money. Sometimes, though, meeting all of your minimum monthly payments to several different creditors can be a challenge even when the overall debt number is not that high. In cases like this, many debt […]
Can Collection Agencies Garnish Your Wages?
Sometimes, despite their best efforts to follow our debt payment plan, people find themselves unable to keep up. Collection agencies may inform us that if we cannot or will not come to an arrangement, they can take legal action to have our wages garnished, taking money out of our hands before we even see it. […]
Handling the Debt of a Loved One Before or After They’ve Passed
Losing a loved one is always difficult, and it can be even harder when you have to handle their finances. If you are their power of attorney (POA) while they are still alive, you could be responsible for managing various debts such as utility bills, subscriptions, taxes (personal and property), credit cards, loans, and mortgages. As the […]
How To Deal With Overwhelming Credit Card Debt
Credit cards help cover costs in advance—they do not provide free money. They are a loan that requires repayment within the credit agency timelines, which many people can struggle with. If you are struggling to pull yourself out of credit card debt, there are strategies you can use to take control of your situation, including […]
Bankruptcy vs. Consumer Proposal: What’s the difference?
Reducing or getting out of debt altogether can be a difficult decision. Sometimes, it can feel like overcoming decision making inertia. Many people assume they must declare bankruptcy if their debt is too difficult to manage. However, bankruptcy is not your only option for relieving debt. A consumer proposal may be the right solution for […]
