What should I do about my debt problems?

March 18, 2008 6:49 AM

I am having some serious financial issues. Who, in Eastern Canada, can I talk to about this kind of thing?

I had no income for two months and, as a result of that and some spending over the last few years, incurred about 8k in unsecured debt. In addition to this, I have around 14k in Student Loans. I have applied for Student Loan relief but was denied and was not given a clear reason as to why.

Debt consolidation would make sense *if* I wasn't planning on going back to full-time school in the fall. I could avoid my student loans for a while and make payments to my unsecured debt by itself if I did that. In the short term, though, I've got 190/month going to student loans and another 300/month going to the banks and I can't afford that. What can I do? I don't want to consolidate my loans if I can avoid my student loan in another 5 months. Thanks in advance.

posted by anonymous to Work & Money (1 answer total)

I'd suggest talking to an expert in this area and run your plan by them. In Charge Debt Solutions is a non-profit group at 1-866-551-1095. They are based in Ontario, however.

Credit Counselling Canada is the national association for credit counselling and they have a drop down menu to select your province.

Good luck.
posted by Paid In Full at 11:23 AM on March 18, 2008