2023-08-31
How to break the cycle of minimum credit card payments
Credit Counselling
Making monthly minimum payments is one of the many ways you might misuse your credit card. It can result in a debt cycle that is difficult to break.
What are good reasons to borrow money and how to avoid payday loans
Borrowing money isn’t always a bad thing. In some situations, your current income or cash flow might not be able to handle unexpected expenses. You may also need extra cash to invest in your future — or to achieve a personal goal.
However, not all loans are created equal. Some types of loans, such as payday loans, can trap you in a cycle of debt and borrowing due to the high interest rates they charge. Let’s explore some of the good reasons to borrow money without resorting to payday loans or other high-interest credit products.
Linda Paul
CIRP, LIT
Senior Vice-President
Servicing: Abbotsford, Chilliwack, Maple Ridge, Surrey, Langley
Latest Blog Posts
2023-08-16
Understanding gambling addictions and how to overcome them
Credit Counselling
Participation in gambling activities is widespread among Canadians.
2023-06-19
Everything You Should Know About Your Credit Card Debt (3 Minute Debt Break)
Credit Counselling
When it comes to personal debt, there are many areas that can affect how well we can stay in control of it and get ahead. One of the most important to know more about is credit card debt. We'll cover the basics, how it affects your credit score, and strategies to pay it off.
