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Does this sound like you?
Throughout your years in post secondary education, you lived off the student loans you received from a bank. You have since graduated and have a full time job, but you can’t seem to save enough money to pay back the loan debt. What can you do?
What can you do?
Many recent graduates will find themselves in a situation like this. You may have a full time job, but you’re also trying to get your life started and have the costs of an apartment, utilities and other such expenses to worry about. With this being the case it can be quite difficult to come up with extra cash to pay off your debt. Try reducing your monthly expenses if possible. Any little bit you manage to save up can go towards paying off the debt. If you are unable to do this, you will probably have to look into a consumer proposal or bankruptcy. Both of these alternatives will you provide you with a financial fresh start. For more information, click here.