Understand your financial situation
An ounce of prevention is worth a pound of cure. Making and setting a budget, and sticking to it, can help you understand how much debt is too much for you to afford. Take a close look at things you consider buying on credit – do you need it? If not, perhaps you can save up and buy it, or go without it until your financial situation changes.
Communication is the key
If your financial situation changes, and you are going to be unable to make a payment, call and inform them s soon as possible. This can help avoid late fees, NSF charges at your bank, and strained relations with your creditors.
Find out if debt consolidation is a good solution for you.
McGuire Debt solutions helps to provide debt consolidation solutions in Canada. We provide Edmonton, Calgary, etc debt consolitation services to hundreds of clients each year. To find out if this is right for you, plwase use the contact form to the right to get in touch.