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One of the best steps you can take to get out of debt is to immediately stop using credit cards. Credit cards and loans can have a useful role in our finances if we choose them wisely and repay them promptly.
Credit counselling agencies provide a range of services to help consumers who are having difficulties with managing their money and handling their debts. If you cannot solve your money problems by budgeting or by debt consolidation, then debt negotiation and settlement with your creditors trough a Debt Management Plan may be right for you.
I am amazed at how many of my clients fail to balance their checkbook. Record all of your Interac purchases and save your credit card transaction slips. You will make a single monthly payment to your debt management company, and they will deal with your creditors and pay them what they are owed out of your monthly payment.
For this plan to ultimately succeed, you have to consistently follow the Plan. At this point, debt management is a good option.
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