The average credit card debt for Canadian households is around $3,300. While this amount may seem relatively small, it can cause a lot of stress for individuals who may struggle to keep up with payments. In these situations, working with a 4 Pillars debt consultant in Victoria can provide the solutions you need to clear your credit card debt. These debt consultants work with you to find the ideal program to ensure you can get out of debt faster.
Consolidate Your Payments
If you have more than one credit card, you may find it more challenging to keep up with the minimum payments required for each one. When you work with debt consultants in Victoria, you won’t have to worry about making multiple payments any longer. They often work with a network of providers to help their clients find the appropriate source for their debt consolidation needs. Making one low monthly payment towards all your credit card debt will help you pay off your debt faster without hurting your budget as significantly.
Eliminate the Temptation
When you enroll in a debt consolidation program, you often can’t use the credit cards for the duration of the payment plan. A 4 Pillars debt consultant can explain the process to you and help you determine if it’s the right step in your debt management journey. The good news is that when you lose the use of your credit cards, you won’t increase your debt, allowing you to pay it down more quickly.
Fix Your Credit
Your credit score plays a significant role in your ability to qualify for major purchases. When you have large amounts of credit card debt, it can harm your chances of buying a car or house with lower interest rates. When you work with debt consultants in Victoria, you can work toward fixing your credit score, giving you the financial freedom you want.
