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Fort McMurray resident flees flood by boat: 'It brought back all those wildfire memories' - Global News + MORE Apr 27th
Fort McMurray resident flees flood by boat: 'It brought back all those wildfire memories' Global NewsEvacuation order issued due to flooding in the Fort McMurray area CTV News EdmontonEvacuations ordered in Fort Vermilion as Peace River breaches banks Global NewsMili.... More »
Table of contents The best bank accounts for students in Canada The best online bank accounts for students in Canada What is a student bank account? What do you need to open a student bank account? How to choose the best student bank account for you With the cost of tuition and books—not t.... More »
Most credit card companies allow their cardholders to add an authorized user to their account – but why would you want to? There are various benefits; for example, you can kickstart your child’s credit history or provide a helping hand to a friend in a financial crisis. While these benefits.... More »
Your credit report summarizes your credit history and helps lenders weigh your credit risk. Often your credit report is initiated when you apply for your first credit card. Over time it can help you reach your larger financial goals such as obtaining a rental agreement or mortgage. When you apply f.... More »
Canadian Credit Card Companies Are Offering Relief to Customers Affected by COVID-19 + MORE Mar 24th
Early last week, the government announced a myriad of relief efforts, including immediate plans to extend the 2019 tax deadline for individuals to June 1, 2020. Following suit, major cities, including Toronto, granted extensions to grace periods for utility bill payments and launched measures for f.... More »
Credit card bills got you down? That’s the trouble with paying with plastic. It is easy to spend, but not quite as easy to pay off the debt you accrue – especially if you are only paying the minimum each month. Carrying too much credit card debt can make it harder to get a mortgage loan for a house or finance a car should you need to. It can also be enormously stressful if you fall behind and end up in the crosshairs of a collection agency.
So, before you get any deeper in debt, it is time to get your financial house in order and develop a plan for paying off your credit card debt. Whether it’s working to bring in more income, budgeting, credit counselling, or a debt-consolidation loan, resources are available to help ease some of that burden.
Stop Using Your Credit Cards Immediately
If you are serious about paying off your credit card debt, then you better stop using them. Otherwise, you continue to add to the debt you are trying to pay off. Take them out of your purse or wallet, lock them away, or shred them if necessary…