If debt is weighing you down, if creditors are calling you constantly, or if your wages are being garnished, then you know that it’s time to take serious action against your debt.
For those who live under the shadow of debt and have lived with debt for a long time, the promise of a debt-free future seems too good to be true. But what’s really the truth?
The truth is that debt-free living is possible and achievable with the right amount of guidance, planning, and commitment.
Where can you start with getting this guidance? You can contact your local David Sklar & Associates office where an empathetic and knowledgeable trustee can evaluate your situation and give you a professional opinion on how to proceed. Living debt free is possible, especially with the right amount of support.
A Little Help
Say you have a fitness goal you want to work towards. Your goal is to complete a triathlon, which you’ve never done before, by the end of the year. How would you go about planning your steps to accomplish this goal? Would you just start exercising with no changes to your diet? Would you train only once in a while, whenever you felt like it?
Like any motivated person, you would probably seek out some resources or help. You’d get a professional opinion on what changes you need to make to your diet and how you can develop a training schedule. You’d book check-in meetings with a trainer to keep yourself accountable.
When your goal is to get out of debt, why wouldn’t you take a similarly proactive approach and get outside help? Living with debt is so common now that you really do not ever have to feel like you are alone. If you want to plan for debt recovery but don’t know how to come up with a plan, then credit counselling could be just the thing you need.
Team Up with the Pros
As Licensed Insolvency Trustees (formerly known as bankruptcy trustees), we can help you live debt free through careful counselling and strategic planning. We invite you to learn about our debt management services, consumer proposals, bankruptcy, and the pros and cons of each so you can start to envision a solution to your debt situation.
If part of getting on track towards a debt-free life involves filing a consumer proposal or filing bankruptcy, you should note that only a bankruptcy trustee can file for those processes. As such, they’re highly equipped to give you the direction you need for living debt free.
Come Up with a Plan
This step towards a debt-free life is one that cannot be missed. Whether you’re still unsure about bankruptcy versus consumer proposal to tackle your debt, it’s the process of deciding and committing to action that matters the most.
Once you have a plan of action to negotiate with your creditors, it’s time to come up with a budget for how you will make your payments and how you will continue to cover living expenses. To live without debt one day, you have to commit to the process of getting there, the hard work, and the realistic living that it takes to get there.