How to deal with mounting debt

As prices for everyday goods like groceries keep climbing, and interest rates keep rising, many of us are dealing with more and more debt.

While managing debt can be challenging, there are ways to help you get your debt under control.

Support from an expert can be a sound way to explore your options. Just remember to ask questions and shop around to avoid unnecessary fees. Some unlicensed, unregulated debt advisors claim they can help with insolvency options and charge hundreds or even thousands of dollars for services they aren’t licensed to provide.

When it comes to independent, unbiased advice about debt options, there are Licensed Insolvency Trustees. They are required to assess your financial and personal situation and to discuss all options available to resolve your debt.

No matter which option works for you, it’s better to deal with it sooner than later.

Find more information about your options at canada.ca/debt-solutions

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