Thursday, April 30, 2015
Getting in debt is a piece of cake for many. It’s getting out of it, however, which is the trickiest part. Unfortunately, not a lot of people are well versed in sound personal financial management, as they still tend to commit missteps that worsen their debt problems even more. Check out some of the worst things to do when one owes money, all of which an experienced Victoria 4 Pillars debt relief consultant like Blair Greenwood would always advise against: Nothing – Probably the most obvious of all, you cannot hope to be rid of financial problems by simply sticking your head in the sand and hoping it will all go away. Once you get busy with pretending nothing is wrong, you’re at great risk of being pursued by even more determined creditors, who uses the downtime you created to plan their next course of action.
Wednesday, April 29, 2015
When fish aren’t biting in one spot, the sensible thing to do is to move to another. That’s exactly what financial sharks have been doing following the U.S. recession. Times Colonist reporter Les Leyne wrote that bogus debt settlement services have made their way into Ontario and British Columbia after markets south of the border dried up. Such shady practices can range from massive upfront fees to refusing to begin negotiations. Over the past five years, Consumer Protection B.C. received less than 100 calls a year regarding the legitimacy of such debt settlement services. Now, the Credit Counselling Society of B.C. reported receiving as much as 200 calls a month. Something had to be done.