Bah Humbug to Black Friday!

Over the holiday season, many Canadians feel pressure to spend money.  However, it is not uncommon for people these days to be under financial stress.  Instead of waiting until January to face reality, I would love to see people take charge now. 

On this Black Friday when our consumer society encourages us to spend more money, I say “Bah Humbug!!"

Give yourself a different kind of Christmas gift – the gift of some peace of mind.

Problems to address include:

Paying off Canada Revenue Agency!  It would be good to get them off your back!
High balances on credit cards
Collectors after you
Bruised credit.
A feeling of being overwhelmed with financial stress

The first steps in debt payment plans will be different for everybody.

1. If you have some bad spending habits but are not too far into debt, you are in a good position.  Take charge now.  If you need a money coach, that might be money well spent. 
2. If your situation is more serious and you own your home, you might be able to refinance, or get a second mortgage.  There are different ways to structure a refinance.  It is not something that you should navigate on your own.  An independent mortgage broker can strategize with you and look at options from different lenders.  Your objectives of saving money, increasing your cash flow and minimizing your stress will be part of the plan.  A broker can often overcome bruised credit as well.
3. Another option is to see a debt consultant.  I interviewed a friend of mine who is a debt consultant.  He explained that as an independent debt consultant he works entirely on his client’s behalf.  He does not work on behalf of a financial institution.  As a mortgage broker I completely agree that clients are best served by independent advisors who are not affiliated with one company or another.

Knowing your options and addressing the problems of debt is a great way to spend the holiday season.  Sounds like Scrooge, but what the heck!

Now is the time to seek professional advice.  And remember to say "Bah Humbug to Black Friday!".

Call now to find out your options.  And then decide.