Tackling Debt in Three Steps
Financial and Consumer Affairs Authority of Saskatchewan (FCAA) is helping Saskatchewan people tackle their debt.
“It’s not easy when bills start piling up and you are not sure where to start,” FCAA Director of Consumer Credit Cory Peters said. “Providing helpful advice will hopefully alleviate some stress for people.”
Here are some steps to help manage your debt:
- List debts from high to low interest.
- Maintain, at least, minimum payment of all debts.
- Put down extra money on high interest debts if possible.
Remember to think about all the components of debt before you sign a contract. Think about the amount you will owe, the length of time you will be making payments and the interest rate you will be charged.
If you are overwhelmed with your debt contact the Credit Counselling Society, which is a non-profit credit counselling service.
Debt management information will be shared via twitter @SKGov and www.facebook.com/SKGov.
To learn more about debt management visit www.fcaa.gov.sk.ca/finlit/adults.