Debt Consolidation Vancouver

With the bill in front of me, I started another tally sheet. I put together a ten-year budget. It included a minimum sum that I could reasonably afford to pay each month. This money would be split between my creditors.

But in my desire to eliminate my financial problems, I forget about one of the biggest potential threats facing my limited capital: interest payments.

With more than a handful of creditors, I tried in vain to calculate the interest I would owe each credit company. After more than an hour I gave up. Interest is a bitch!

I was in over my head. I wanted to organize a schedule of payments, but without an accurate understanding of the interest I would be charged, my budget was useless.

All I knew was that while I struggled to stay above the poverty line, my creditors would be living the good life with all the interest I was paying.

My conclusion was this: I needed a financial advisor and I needed some sort of debt relief to lower my interest payments.

Calculating Interest