136 - Get Your Finances Back on Track With a Debt Management Plan

DebtMatters Podcast

English - January 31, 2024 14:00 - 17 minutes - 16.1 MB
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Previous Episode: 135 - How Fear of Bankruptcy Can Keep You Financially Stuck

Next Episode: 137 - What Causes Bankruptcy and What Are the Consequences?

Being in debt doesn’t mean that you are bad at budgeting or don’t know how to manage your money. Right now, debt is affecting most Canadians. Having a plan to follow can help you pay off your debt faster so you can regain financial stability.

In this podcast, Licensed Insolvency Trustee, Amanda Sherwood talks about how to create an effective debt management plan. She covers:

What debt management means and where to start Savings versus debt repayment - incorporating both into your planHow much debt is too much debtChecking out your bank for the options available for youApps and computer programs to assist youHow cancelling credit cards can affect your credit score.

Federally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of finances and debt management. You can be assured you are receiving the best unbiased advice from these,debt professionals.

About Amanda Sherwood

Amanda started with Allan Marshall and Associates in 2008 as an Estate Administrator. She has since received her Chartered Insolvency & Restructuring Professional (CIRP) and her Licensed Insolvency Trustee (LIT) designation in 2022.

The most rewarding part of her job, Amanda says, is hearing her clients say how relieved they are after meeting with their office. She reminds everyone that they are not alone and that help is available to get relief from insurmountable debt.

Additional Resources Allan Marshall & Associates Licensed Insolvency Trustee How New Brunswick Household Debt Compares to the Rest of Canada Debt Management: Read This First!