Till debt I do part
July 30, 2012 2:50 PM Subscribe
Debt solutions in Canada? Insight would be appreciated!
posted by anonymous to work & money (8 answers total) 2 users marked this as a favorite
I am in my mid-thirties and live in the GTA. I struggle with my finances on a regular basis and am wondering which if any of these would be the solution: debt consolidation, credit counseling or bankruptcy.
My debts run from a $500 HBC card (maxed out), a credit card owing about 2k, a 9k line of credit with my bank and I am nearly always about 1k in overdraft. I have been leaning on payday loans to float me because sometimes my paycheque can't cover all my bills and debts (including personal loans from friends).
What is a good first step? If you were in debt in Canada, how did you get out of it? What sorts of services would you recommend or suggest I avoid. This is embarrassing and upsetting but I want it to get better.