You’re Doing It Wrong: 6 Debt Repayment Mistakes You Are Probably Making

Getting into debt is easy, but paying it off can be extremely hard. It takes a considerable effort and a long-term commitment to working your way out towards being debt free. There are so many common pitfalls most people fall into when it comes to repaying debt that sometimes you don’t even realize you are making a mistake. According to CCS, cited by globalnews.ca, 66% of Canadians believe that they know how to handle their financial situation. However, there is still a big percentage that is walking blindly in this area. To help you reach your goal of being debt-free, here are six typical mistakes most people make when paying off their debt. 1.      You Fall in the Trap of Debt Consolidation Let’s face it – it’s tempting to go to a debt consolidation company....

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