Bust! Managing Debt
You have clients in debt. How can we be so sure? Statistics show that roughly 80% of Canadians are in debt and spend an average of 14% of after-tax income on their debt. All debt isn’t bad but, for many, debt is a four-letter word. This course fills in the blanks on debt: who goes into debt, how people go into debt, what they can do about it, and how they can crawl out from under its burden. It give you information you can use to advise your clients on controlling and eliminating debt, and includes useful details about debt management and consolidation.
You have clients in debt. How can we be so sure? Statistics show that roughly 80% of Canadians are in debt and spend an average of 14% of after-tax income on their debt. All debt isn’t bad but, for many, debt is a four-letter word.
This course fills in the blanks on debt: who goes into debt, how people go into debt, what they can do about it, and how they can crawl out from under its burden. It give you information you can use to advise your clients on controlling and eliminating debt, and includes useful details about debt management and consolidation.
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We’ll review the importance of the credit score.<br />
We will also look at ways of finding “money in the mattress,” to find<br />
money that can be used for debt payment.<br />
We’ll look at what happens when being broke becomes insolvency and<br />
the only avenues open are a consumer proposal or bankruptcy.<br />
Finally, we’ll look at some smart and easy ideas to reduce debt.<br />
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This information gives perspective on one side of financial management that is<br />
often overlooked. It helps the advisor prepare answers if he or she detects<br />
trouble ahead or receives the distressful phone call from the client who is in<br />
debt trouble and needs solutions.<br />
CLICK HERE TO ORDER<br />
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