Ending up with unmanageable debt doesnt usually happen overnight. Instead, its often a slow, almost imperceptible trickle, that can start with being a few hundred dollars short every month, according to Scott Hannah, head of the B.C.-based Credit Counselling Society.
In the early stages, that gentle sloping toward the debt hole can be reversed. You can hunker down, tighten your belt, and dig yourself out.
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Beyond a certain point, though, that becomes impossible, according to Doug Hoyes, licensed insolvency trustee and co-founder of Ontario-based Hoyes Michalos and Associates. You are just not going to be a…
Read the full article at: https://globalnews.ca/news/4974556/5-signs-you-need-help-debt/