By: MoneySense staff | MoneySense.ca | August 22, 2012
Read More, and see what Scott Plaskett says about the four strategies to help you get your debt back under control.
No one wants to borrow more than they can afford, but life doesn’t always go as planned. With a few effective strategies you can get your debt under control.
1. Look for lower interest rates
Ask your credit card provider to lower your interest rate or transfer your high-interest credit card debt to a card that charges less. “The key when you make that phone call is to tell them you’re simply looking for their best rate, and not to tell them you’re struggling,” says Debbie Gillis, credit counselling manager of K3C Credit Counselling in Kingston, Ont…
