Feeling trapped by extreme debt?
Bankruptcy is down in Canada, according to a recent report by the Office of the Superintendent of Bankruptcy. But the number of consumers filing for consumer proposals (where just a portion of a consumer's debt is repaid) is up, notes Bankruptcy Canada -- indicating that many Canadians are still in significant pain.
However, there's hope for even the most extreme cases, say experts. If you're one of many Canadians feeling crushed by extra heavy debt loads, take heart: There are multiple steps you can take to eventually clear your debt and repair your credit score.
Here are CreditCards.com's picks for some of our best tip-heavy articles on how to dig yourself out of extreme debt:
- 5 steps to take to avoid filing for bankruptcy
- 6 ways to improve your credit score
- 4 tips for dealing with debt collectors
- Debt relief remedies for plastic loving Canadians
- How to tell a good debt adviser from a bad one
- Study: The face of bankruptcy in Canada
Most recent Bad Credit / Credit Repair Stories
- Why you shouldn't use a credit repair company -- There's no such thing as a quick credit fix, no matter what a credit repair company promises in its advertisements ...
- Don't be afraid of the credit counsellor -- You've heard of credit counsellors, but how do you find one that's sound, and when is it time to turn to one? ...
- Get to know your debt help professionals -- There are many organizations that claim to offer you debt help. Here's how to seek a professional that best suits you ...