- December 31, 2013
- Posted by: aarfinancial
- Category: CREDIT CARD DEBT
According to a recent survey by the Bank of Montreal, personal finance goals made it to number 2 on the New Year’s Resolutions list of Canadians. Health and fitness goals came in first place. Are personal finance goals on your New Year’s Resolution list? Many Canadians are getting sick of debt, especially ‘bad debt’ like credit cards and payday loans. These are debts that are very difficult to get rid of, and many Canadians are trapped in high levels of debt that they can’t escape. This is also hurting their credit and their ability to get access to financing for items like vehicles or homes.
However, Canadians are getting serious about battling their high debt levels. They don’t want to be stuck making minimum payments on credit cards that don’t go away or getting lost in payday loan cycles, which can cripple their finances and ability to look after themselves and their families.
In our opinion, the only good debt is debt that has an end date and debt that puts Canadians in a financial position where they can improve their lives. AAR Financial keeps its terms on loans to a maximum of 3 years. This is because we understand that you are paying a high-interest rate and we don’t want you to get stuck paying only interest. Take a look at our loans table and see what payment option works for you. That is one way to determine how much of a loan that you can afford. Don’t trust companies that offer terms of more than three years on high-interest loans as their only motive is to get you locked in for the long term while you end up paying mostly interest. Also, don’t trust companies that throw money at you because most of them don’t care if you can pay it back or not. They only care about meeting their quotas, and you are left to suffer. AAR Financial takes an honest and objective look at your financial position and determines how much of a loan you can most likely handle. We strive to maintain long-term relationships with our clients and work hard to excel in serving our clients.
Give AAR Financial a call at (204) 667-2200 or come visit us at 1590 St. Mary’s Road just past Meadowood Drive and St. Vital Mall.
Say No To Credit Card Debt!