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151 - Signs You Might Be in Financial Trouble
DebtMatters Podcast
English - July 01, 2024 13:00 - 18 minutes - 17 MBEducation avoid debt bankruptcy consumer proposals credit personal finance credit counselling credit issues debt debt help finance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Finding yourself with unmanageable debt doesn't usually happen overnight. It is often a slow unnoticeable process that might start with being a few hundred dollars short every month. But the sooner you take action, the more options will be available. You’ll have the ability to make decisions before your creditors do.
If you think you are alone in this scenario, you would be mistaken. Licensed Insolvency Trustee, David Macdonald talks about taking a good look at your finances. How do you know how much debt is too much debt? David also covers:
Debt statistics - what happened after the pandemicThe role banks are playing in the debt crisis Warning signs that let you know it’s time to seek professional helpUsing credit for day to day expensesIs overdraft protection really protecting you?Options that can help break the debt cycleResources that can help with financial literacyFederally regulated, Licensed Insolvency Trustees are knowledgeable in all aspects of debt management. You can be assured you are receiving the best unbiased advice from these knowledgeable debt professionals.
About David MacdonaldDavid Macdonald has been helping people and small business owners resolve their financial problems since 2003 in British Columbia, Alberta and the Maritime provinces. He has been retained as a trusted advisor and service provider by many of Canada’s banks, private lenders, First Nations and the CRA.
David brings a practical, down-to-earth approach to his work, without judgement. In his spare time he volunteers his time to a number of charitable and non profit organizations.
Additional ResourcesAllan Marshall & Associates Licensed Insolvency TrusteeFinancial Management: Warning Signs Of Financial ProblemsSolutions to Financial Problems – Free Consultation & Debt Services