credit card tagged posts

How to Reduce Your Debt

Cutting Expenses to Reduce Your Debt

As mentioned in the Article Debt: The Good, the Bad and the Ugly, consumers themselves must be very concerned about their spending and borrowing. They should be aware of the risks involved with rising interest rates, extended periods of financing, using your home as a piggy bank and maxed out balances when obtaining real estate mortgages, car loans and leases, lines of credit (LOC’s) and credit cards.

The Solution to Personal Debt

The solution is obvious and simple, but it is not easy for some...

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Debt: The Good, the Bad and the Ugly

Debt and how to Get out of Debt

There have been many news articles in recent months highlighting the concerns of federal government finance officials regarding Canadian household debt and the increase in the debt to income ratio to record breaking levels. This ratio currently stands at 165 % which means that the average Canadian household now owes $165.00 for every $100.00 of disposable income. This article will address the following questions which must be asked:

How Has This Situation Developed?

Household debt has increased substantially and rapidly in Canada and many other countries...

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