You recently lost your job and cannot seem to find one with a high enough salary to allow you to pay your bills each month. What should you do?
What can you do?
If you are in a similar situation there are several things you can try. First, attempt to negotiate with your creditors and explain why it is that you've fallen behind. Try to work out a reasonable monthly payment plan until you're able to get back on your feet. Second, apply for a consolidation loan. Taking out a loan to pay off your debts can potentially lower your interest rate. Finally, if these two options do not seem doable, you may need to consider a consumer proposal or bankruptcy. Both of these alternatives are popular ways to get finances back on track. To research your options further, click here.
posted by Questions @ 11:29 AM
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