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Home›Printing Money›Take a break from your credit card debt this month

Take a break from your credit card debt this month

By Shirley Allen
October 26, 2021
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Here’s a quick way to get financial relief when money is tight

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102521-take-a-break-from-your-credit-card-debt-this-month_financial_hero_1_564x423_v20211025221530
Teerasak Ladnongkhun / Shutterstock

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This article was created by MoneyWise. Postmedia and MoneyWise can earn affiliate commission through links on this page.

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Do you feel like paying your credit card is a constant chore with no end in sight? You’re not alone.

Millions of Canadians are struggling to get out of debt at record interest rates.

Interest on credit cards hits harder because it accumulates, which means even your interest accumulates interest.

And if you only make minimum payments each month, the amount you owe keeps increasing.

But with the help of a free service called Smarter loans , you can consolidate all your credit card bills, pay off your debt faster, and save a lot of interest.

Erase your debts in a single gesture

SmarterLoans works with Canada’s best lenders to find you the best debt consolidation loan available for your unique financial needs.

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With a debt consolidation loan, you will swap all of your existing credit card debt for a single monthly payment at a lower rate.

Depending on the amount of interest you pay on your cards, debt consolidation could save you money Thousands of dollars and save years of the time it takes to get rid of your debt.

A simple way to break the cycle

Trying to gradually reduce your credit card debt is a losing battle. Take the time to completely change your financial outlook.

Even if you are just curious about your options, check rates on SmarterLoans is a smart idea. It won’t hurt your credit score, it’s completely free and will probably save you a bundle.

This article was created by Wise Publishing. Wise is dedicated to providing information that helps readers navigate the complex landscape of personal finance. Wise only associates with brands that he trusts and that he believes can be of use to the reader. This article provides information only and should not be construed as advice. It is provided without warranty of any kind.


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