How Do I Know If I Need Help with My Debts or If a DIY Program Will Work?

When to ask for professional help with debt or diy and struggle to pay off what you owe.Q: My sister asked if my husband and I want to join them again for a winter get-away. I told her it sounds like fun and that I’d see if my husband could get the time off work. The truth is though, even if he can take a week off, it would be a real financial hardship to go.

We’ve always enjoyed vacations together, so I don’t know how to tell her that our credit cards are maxed, we have a lot of debt and money is really tight. My husband and I both have good jobs and earn enough, but our pay cheques only seem to be going to bills and minimum payments. Please help!

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Before You Get Debt Help, Should You Use a Debt Ratio, Debt-to-Equity Ratio, or Debt Calculator?

When you need debt help, a debt calculator that illustrates various repayment scenarios, along with how much time each one takes and how much each one will cost, can help you determine the best way to deal with your debts. When it comes to personal finance topics in Canada, a debt ratio calculation is simply a comparison between how much money you owe and your gross (before tax) income. A debt-to-equity ratio is comparing how much you owe (your liabilities) to what you own (your assets). 

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How to Reduce Debt - Power Tips, Ways, & Methods

If you are wondering how to reduce your debt as fast as possible, we’ll show you the best ways to reduce debt in Canada, how to pay off credit card debt quickly, and the strategies and tips that really work. We’ve arranged these tips and insights into two sections that line up with what you need to do first. The first thing you should do is free up some money to work with, and the second thing you need to do is use that money strategically to pay down and eliminate your debts.

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How to Deal with Debt Stress and Get Debt Relief

Debt affects more than just our financial well-being; having money problems can also affect our physical and emotional health, which is why it’s important that we understand how to deal with debt stress.

Debt and stress often go hand-in-hand. When we’ve fallen behind on our payments and our creditors begin calling, it’s common to get overwhelmed with worry as we start wondering whether we’ll ever get our finances back on track. If you’ve found yourself overcome with debt-related stress, here are some strategies to help you deal with debt stress and get debt relief.

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How to Deal with Credit Card Debt – Advice from Last Year’s Self

Have you ever made a conscious effort to pay down credit card debt, only to abandon your resolve because the balances never seem to budge in the right direction? Maybe you’re frustrated because you’ve done your best to make extra payments and to hardly use the cards at all, but you still owe as much as you did before. When faced with such a situation, a lot people start getting discouraged. They look back at old statements or stacks of receipts, only to see long forgotten purchases with hardly any “stuff” to show for all the money they spent. Looking back, some people even realize that they still owe holiday debt from Christmas last year.

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How to Communicate with Collection Agents & Regain Control of Your Pay Cheque

Receiving a collection call from a collection agency is very stressful, especially when they catch you off guard and imply that they may pursue legal action against you. Fortunately there are strict rules and regulations in most provinces that govern the actions of collection agencies and their collectors. It’s in your best interest to understand these rules and know your rights and responsibilities before you speak with the agency again....

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Five Reasons to Avoid Instant Payday Loans

Emergencies often happen when you least expect it, and if you're not financially prepared when disaster strikes, the best thing you can do for yourself -- and your finances -- is to avoid payday loans, no matter how hard up for cash you are. 

Although payday loans are a convenient way to get fast cash, it's also a quick way to get into financial difficulty, if you aren't careful. If you're considering -- or have considered -- getting payday loans in Canada, take a moment to consider these reasons to avoid instant payday loans. 

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Help Me, I'm Drowning in Debt - I Need Help with Debt Now

If you’re thinking, “Help me! I’m drowning in debt. I need help with my debt right now!” You’ve come to right place. If anyone can assist you, we can. We'll help you figure out what you need to do to find your footing and get your finances back on track, and if we can't help you ourselves, at the very least, we’ll refer you to someone who can.

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What To Do Before Reduced Income Happens – Debt Help, Saving Money, Tracking Expenses, Budgeting and Credit

Suddenly facing reduced income is one of the top reasons people ask for help with debt. You never expect it, then suddenly you're laid off, hurt on the job or confronted with health issues. Regardless if your income is steady right now, has already dropped, or you feel like you're over your head in debt, there are three things you should do to handle reduced income. 

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