Toronto Debt – Pay Off Now

On September 7, 2011, the Bank of Canada announced that it had put its plans to increase interest rates on hold, for now.

So, what does that mean to the average Greater Toronto debtor?

It is a reprieve...

It had been expected that an increase in interest rates would push many of Greater Toronto’s citizens into insolvency. If your debt load is dangerously high, or you are carrying high levels of debt - now is the time to pay down your debts as much as possible!

It will be harder to pay off debts once the interest rates go up. And make no mistake, they will go up.

It is a gift...

You have been given the gift of additional time to get your debts under control.

Yes, you can glibly point out that it is consumer spending that is needed to get the economy going again – however, bankruptcy and insolvency benefit no one – not the economy, and certainly not the bankrupt.

What to do with this unexpected opportunity?

          Stop using credit.

          Pay down your debts!

          Start saving for your future.

How to Get Started

Our simple and free Budget Series will help take you through the important steps:

1. Identify your starting financial position


2. Set your financial goals


3. Create a workable plan/budget to achieve your goals


4. Keep a close eye on your budget and your performance – make adjustments as required


5. Stick to it!

When to Get Started

Now!