Shedding the Excess Debt

Excessive-Debt

Table of Contents

Shedding Debt

When dealing with unwanted debt and getting rid of it, you will need to be realistic. It may have built up very quickly, or accumulated little by little overtime. It will take time to start trimming it off, but with a proper plan and follow through, you can achieve your debt free goals!

While it can be quick and easy to build up debt quickly due to lines of credit, payday loans or credit cards, paying these off will take some planning, and time.

Start Tracking All of your Spending

On a monthly basis, you will need to jot down everything you have been spending. Start by creating a spreadsheet so you can have everything allotted for, including household expenses. Also, try going back a few months of expenses, gather up what data you can. Once you have enough expenses captured, you can start to see what areas you are overspending, and areas you can trim or cut all together.

Getting out of Debt

Once you have listed all your spending habits, and noted the areas you need to work on, see about the areas you can cut/trim. Think about ways to increase your monthly income (side job/overtime).

Creating a monthly plan, and having your whole family stick to this is important. Having monthly budgets for each area allotted for, and having your family follow this will help teach your kids how to better manage money and help be prepared for the future.

Saving for the Future

The faster you can pay down your debts, the more you can invest into your future. When paying down your debts and credit cards, look to pay more than the minimum amount as this will help you pay down your debt faster. Look at paying down the higher interest rate cards faster. When one debt or credit card is paid off, you can then increase the payment to the next debt, or you can also choose to save a bit more for an emergency fund or savings.

Staying Debt Free

The lessons learned from shedding that debt and keeping the excess debt off should be ongoing. Always keep in check your monthly income level, and your monthly expenditures.

Take Your First Step Towards A Debt Free Life

If you are overwhelmed by debt, call us at 1-844-962-9200 to book a FREE, confidential appointment. We will review your financial situation in detail and discuss all of your options with you. Alternatively, you can fill out the form below and our team will reach out to you. 

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Christine Sylver was very helpful to my situation. No question asked, she went above and beyond just to give me the options that I need to solve my problems. She explained and made me understand my options. Thank you Christine! Everything was done in a week. Regards, to Richard Sklar for explaining everything further to me. 😊
Kris
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I was blown away by how kind and empathetic Christine and David were. I came into the process expecting to feel embarrassed, but they were so helpful and unquestionably supportive, they made the whole experience a positive thing. On top of that, Christine found a solution for me that was better than I ever could have imagined. I highly recommend Christine, David, and colleagues to anyone.
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Christine Sylver has been very efficient in working with me in all aspects toward developing a very favourable consumer proposal which meets my financial budgeting very nicely. She also exhibited a very positive pro client attitude and was every pleasant to communicate with. Richard Sklar also demonstrated a very positive pro client attitude in explaining in detail all aspects. All great!!
Rob Hultgren
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Dealing with Christine was a real pleasure.She was very understanding professional and knowledgeable she answered all my questions.I left feeling relieved a big burden was lifted from my shoulders
John Horan
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Very happy I got in touch with Jackie! She has been a great help and a pleasure to work with! I highly recommend Jackie if you need help getting out of financial debt.
Hailey Cascagnette
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I had the pleasure of working with Jackie and she made the experience very easy and was very honest which I appreciated as I was extremely nervous to go through with the process. Any questions or concerns I've had after our meetings were answered no problems and although it's been a few weeks I can honestly say I've never felt so stress-free. Very thankful for Jackie.
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Very considerate of how people can sometimes make mistakes and need help to get things back on track. Great team of people. Thanks to Jacqueline for all her help.
Kevin Chase
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My mother told me about this firm because they helped resolve her situation nearly 25 years ago. I had the pleasure of working with Christine Sylver. I should’ve done this years ago but I am where I am and it is what it is. Extremely courteous, professional and understanding. I hope to never need their services again but they would be my first call! A+
Patrick Martel
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Jerry was extremely thorough and ensured that as a client, I understood all of my options and their repercussions. He offered his professional advice best suited for my situation and he is amazing at his work. Thank you Jerry! :)
Stephanie Belanger
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Great experience with Jerry and staff. Thank you.
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