4. Your budget is non-existent
Flying by the seat of your pants does not tend to be a realistic financial option for the long-term. Instead, a clearly defined budget based on your income and goals will help manage your debts and avoid getting yourself in a stickier situation.
If you are ready to create a budget that helps you reach your goals (including debt management), speaking to a credit counsellor could be extremely helpful.
5. You don’t have savings
Maybe you are making ends meet right now, but what if the unexpected happens? Let’s say you suddenly face an unexpected bill in the thousands tomorrow. Would you have savings tucked away that could cover these costs?
Having a savings account not only provides you with a lot of peace of mind but can also help you avoid getting yourself into serious debt down the road. If you have yet to create or build your savings account, speaking to a credit counsellor might be the right place to start!
6. You don’t know your credit score, or you want to improve it
Whether you do not know where it currently stands or you’re not happy with where it is, working with a Canadian credit counsellor can help you not only get clear about your credit score but also make a plan for improving it.