Today we’re talking about debt, and the various ways it can impact your life if you don’t or are unable to manage it effectively. But first, a quick definition of what debt is: “Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon value to another party, the creditor. Debt is a deferred payment, or series of payments, which differentiates it from an immediate purchase.” So an immediate purchase would obviously be paying with cash or debit. This will be a podcast series that is loaded with great advice, and we want to above all things leave you with a sense of hope, if you recognize yourself in this discussion. Joining me today to talk about debt and some of the warning signs of consumer debt is Shelley Koehli, Licensed Insolvency Trustee from D. Thode and Associates in Vancouver, British Columbia. Shelley walks us through the various warning signs that credit use may be out of control, and some simple things we can do to regain control. Warnings signs of financial difficulties * Signs of Overusing Credit * The dangers of payday loans * What happens if you make only make minimum monthly payments * Missed payments and collection action * Threats of Legal Action * Income Tax Issues * You have no money saved up * Avoidance - why you shouldn’t avoid your creditors For more information, to learn more about the services offered, or If you are at risk for any of these issues and you are in British Columbia, please reach out to D. Those and Associates to schedule a no obligation consultation to review your situation: Web: https://outofdebt.ca/contact-us/ Phone: 1-866-712-5353 Tags: #consumerdebt, #credit, #creditcards, #payday #loans, #default, #incometax, #nosavings, #collection