Budgets are tough when you’re first on your own. Credit cards, banks, and pay day loan companies might seem helpful, but these companies make money through interest and other fees. You can manage debt!
Free credit Counselors can help you look over your budget, habits, goals, and debt, in person or over the phone. The credit counsellor can speak to your creditors on your behalf and negotiate a new plan. They can help you make a debt repayment plan that is manageable. Contact Credit Counselling Society of BC or call 1-888-527-8999. It’s free!
Consumer Proposals are created with a credit counselling service. You can start to pay a percentage of your debt to each creditor over time, instead of the whole amount at once.
Bankruptcy is a way to remove yourself from most of your debt, but can be costly and has long-term consequences.