90 Days to Financial Stability

I help people with unsecured debt get lower interest rates, pay their debt off faster and save money. Do you know what the most important phrase in that sentence is? Lower Interest Rates. In my opinion, that is the key to getting control of your unsecured debt. Anyone who has ever had a credit card or line of credit knows the frustration of making payments then when the bill comes due again, seeing very little of the balance reduced. It is so aggravating! People feel like they will never get out of debt. But you can. To prove my point on how you can save money by reducing interest, I want to tell you a story. At one time, I had three Mastercards - BMO, Canadian Tire and President's Choice. The Canadian Tire card had an interest rate of 19.99% and the President's Choice, 19.97%.  I took the amount that was owing on the Canadian Tire card from my line of credit at 10.5% interest and paid off the Canadian Tire card.  When I phoned to cancel that card, the super

We've talked about getting out of debt using debt consolidation and debt settlement. But what if those methods aren't of any use to you because you are just too far in debt? Then you may have to consider bankruptcy. Sometimes that is the only way out but there are things you should know. You can't file bankruptcy on your own. You need a bankruptcy trustee to do that and the trustees will charge you fees for this service - from several hundred dollars to $1,000 in court filings and legal fees. And the trustee's job is to get as much as possible for the creditors. The trustee is going to want you to keep track of your spending while the bankruptcy is being arranged. They are also going to need to know your assets. A portion of your income during the first months before the bankruptcy is discharged will go to your creditors and if you happen to come into a lot of money before the bankruptcy is discharged, these funds will go to the trustee and to the credito