Recently, Keith Emery, our Operations Director, was invited to appear on BNN to discuss the issue of out-of-control debt problems, and provided some very useful tips for recognizing out-of-control debt, and knowing what to do if you’re already in this situation. The first question Keith was asked was about how people can know if their debt problems are out of control on a personal level. He pointed out that there is an obvious indicator – being unable to keep up with payments. But he also suggested that it is wise to identify a problem like this as early as possible, and not wait until you’re missing payments. Some early indicators would include:
Keith was then asked about what to do, for people who already find themselves in a difficult situation. He provided three basic tips that people can consider. These are:
In summation, Keith stressed the importance of awareness of your debt situation and whether it is a problem for you. In addition, if you have serious debt problems, taking action as soon as possible will always be the best response.
Subscribe Today!
Our blog is all about how to spend smart while still getting the most out of life.
Subscribe Today!
Every week we release the latest news and info on a wide range of money management and debt topics, everything from rising interest rates and costs to saving for a downpayment, retirement or your next vacay. Our blog is all about how to spend smart while still getting the most out of life.
Leave a Comment