My colleague Douglas Hoyes was quoted in the Hamilton Spectator today, in an article on Using Plastic to Pay Daily Expenses.
As the economic gets worse, more and more Hamilton residents find themselves using credit cards to buy food, and to put gas in their car. That leads to high levels of debt. Doug is quoted as saying that many people feel “hopeless”; they don’t know what to do or where to turn.
I agree that sometimes things can seem hopeless. If you have lost your job, or if your hours were cut back at work, you may not know what to do or where to turn.
My job is to give people hope. Even in a bad economy, there are still ways to deal with debt. For many people the answer may be credit counselling, where a deal is made to deal with your debts at a reduced interest rate.
Another great option is a consumer proposal, where we work out a deal where you pay a portion of what you own. If that’s not possible, bankruptcy may be the answer, but only after considering all alternatives.
You may feel hopeless, but there is hope, so give me a call today in Hamilton at 310-PLAN, or e-mail me to set up a free initial consultation, and let’s get started.
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