There’s no denying that Canada has some of the lowest debt levels in the world, but a growing number of people are beginning to realize that they may not be able to simply pay off their debts as quickly as they thought.
With more than $2.8 trillion in outstanding debt, and an average of $3,500 in monthly debt payments, debt is the No. 1 challenge Canadians face when it comes to getting out of debt.
And while there are ways to lower your monthly debt, the only one that can really make a big difference is debt management software.
Here’s how to manage your debts with a debt expert and help avoid debt traps.