4.6.1 How to manage your debt

From: Financial Consumer Agency of Canada

4.6.1 How to manage your debt
4.6.2 Ways to avoid debt problems
4.6.3 Tips for managing debt
4.6.4 Video: Tips for managing debt
4.6.5 Serious debt problems
4.6.6 Credit counselling
4.6.7 Consolidation loan
4.6.8 Other approaches
4.6.9 Case study: Fixing debt problems
4.6.10 Credit balance insurance
4.6.11 Advance fee loans
4.6.12 Choosing to invest or pay debt
4.6.13 Borrowing to invest
4.6.14 Summary of key messages

How to recognize the danger signals

How do you know when you are crossing the line from being able to manage your debt to over-using credit? Here are some danger signals. Check any that apply to you.

You use your credit cards as a necessity instead of a convenience.

You borrow to pay for your daily living expenses.

You miss payments or due dates.

You're near the credit limit on most of your cards.

You borrow from one card to pay another.

You transfer balances every few months just before the introductory offer expires.

You borrow when you know you can't afford the payments.

Your debt is growing month after month.

Page details

Date modified:: 2023-02-20

Language selection

Search

4.6.1 How to manage your debt

How to recognize the danger signals

Page details