September 5, 2017

If you live in London, Chatham, Sarnia Windsor or Woodstock or the surrounding areas we can help you solve your debt problems.

Credit card debts are one of the most common sources of financial problems, there are lots to choose from, they are easy to get, easy to use and easy to transfer balances between.  Another issue with credit cards is that there are many facets that are misunderstood and even simply unknown to users.

For instance having a balance on a credit card doesn’t mean that you have that amount of money available for you – it means you have that amount of debt available.  Credit card balances should be paid in full at least every 2-3 months if you are not able to pay them off you are overusing them and you should consider cutting them up.

Another consideration is the length of the repayment terms that are extended with credit cards – minimum monthly payments will often extend beyond a normal lifespan.  Sometimes repayment terms can extend for about 150 years, which in our view should be illegal.

Interest rates are variable with credit cards and will often change unnoticed to the user.  If you are one day late with a payment you may find that the interest rate has increased significantly.

If your credit card debt is out of control call our office for a free consultation and learn what options are available for you to get out of debt.