{"id":35407,"date":"2021-06-16T21:10:09","date_gmt":"2021-06-16T21:10:09","guid":{"rendered":"https:\/\/nomoredebts.org\/?page_id=35407"},"modified":"2021-08-25T22:25:05","modified_gmt":"2021-08-25T22:25:05","slug":"this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems","status":"publish","type":"page","link":"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems","title":{"rendered":"This April Fool\u2019s Day, Don\u2019t Be Fooled By Quick Fixes To Debt Problems"},"content":{"rendered":"\n\n[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.9.2&#8243; _module_preset=&#8221;default&#8221; da_is_popup=&#8221;off&#8221; da_exit_intent=&#8221;off&#8221; da_has_close=&#8221;on&#8221; da_alt_close=&#8221;off&#8221; da_dark_close=&#8221;off&#8221; da_not_modal=&#8221;on&#8221; da_is_singular=&#8221;off&#8221; da_with_loader=&#8221;off&#8221; da_has_shadow=&#8221;on&#8221; da_disable_devices=&#8221;off|off|off&#8221;][et_pb_row _builder_version=&#8221;4.9.2&#8243; _module_preset=&#8221;default&#8221;][et_pb_column _builder_version=&#8221;4.9.2&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243;][et_pb_text _builder_version=&#8221;4.9.2&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<h1>This April Fool\u2019s Day, Don\u2019t Be Fooled By Quick Fixes To Debt Problems<\/h1>\n<p>(NEW WESTMINSTER, BC<strong>, &#8211;\u00a0<\/strong><em>March 31, 2015<\/em>) Earlier this month, Statistics Canada reported the household debt ratio had climbed to a new record high of $1.65 owed for every dollar earned, and with more Canadians owing record levels of debt, it\u2019s important that consumers are aware of different debt repayment options so they aren\u2019t fooled by quick fixes.<\/p>\n<p>\u201cThere are many companies looking to take advantage of people who are in a vulnerable state with their finances,\u201d says Scott Hannah, President of the non-profit Credit Counselling Society. \u201cSome are more interested in selling you something instead of helping you get out of debt, and we want Canadians to be aware of what their options are so they aren\u2019t fooled.\u201d<\/p>\n<p>Provinces such as Alberta and Saskatchewan have seen a sharp increase in the number of debt-stressed consumers, due to the rapid fall of oil prices and the accompanying loss of jobs. It is estimated that over 115,000 Canadians will file for insolvency in 2016, either through a consumer proposal or bankruptcy. Meanwhile, others will opt to settle their debts with the help of credit counselling.<\/p>\n<p>There are many debt help options available out there, but to ensure you don\u2019t fall for a trap that ends up costing you more, here are steps you can take:<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>Don\u2019t wait<\/strong>. As soon as you see trouble coming, call for help. Whether it\u2019s a friend, a family member, or a non-profit credit counselling agency, reach out for help so you won\u2019t have to go through it alone.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>Do your research<\/strong>. Make sure you are comfortable with the organization you want to contact. Reputable organizations are accredited, have no complaints with the Better Business Bureau and have had customers review them online.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>Don\u2019t pay anything up front.<\/strong>\u00a0 If someone wants you to hand over money before helping you, exert caution. They probably care more about making money than getting you out of debt.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>Ask a lot of questions.<\/strong>\u00a0If you are unclear about anything, don\u2019t be scared to ask questions and make sure you are comfortable with answers you\u2019ve been given. If something sounds confusing, you aren\u2019t getting all the details, or you feel rushed or pressured into signing something is a signal that you should walk away.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>Quick credit fixes don\u2019t work.<\/strong>\u00a0There are no tricks or shortcuts to a good credit score. The best way to repair your credit is to pay off your debts over time.<\/p>\n<p>\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<strong>Know how getting help will affect your future<\/strong>. You will be debt-free at some point, but some programs leave a lasting record that could affect your reputation in the future, so choose carefully.<\/p>\n<p>\u201cMoney and finances have become a bit of a taboo subject, and people don\u2019t want anyone to know about their debts,\u201d adds Hannah. \u201cBut, not talking about your financial problems and not getting the help you need can make these problems worse. Speaking with your creditors or a non-profit credit counselling agency is the best place to start.\u201d<\/p>\n<p><strong>Media Contact: <\/strong><\/p>\n<p><a data-cke-saved-href=\"https:\/\/nomoredebts.org\/about\/scott-hannah\" href=\"https:\/\/nomoredebts.org\/about-us\/ccs-president-peta-wales\">Scott Hannah, President &amp; CEO<\/a><\/p>\n<p>Direct: 604.636.0211<\/p>\n<p><strong>About the Credit Counselling Society (CCS) <\/strong><\/p>\n<p>The Credit Counselling Society is a non-profit organization dedicated to helping consumers manage their money and debt better. CCS provides free, confidential credit counselling, debt repayment options, budgeting assistance and financial education.<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n\n","protected":false},"excerpt":{"rendered":"<p>Earlier this month, Statistics Canada reported the household debt ratio had climbed to a new record high. Click to read the full press release.<\/p>\n","protected":false},"author":10,"featured_media":0,"parent":19283,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"class_list":["post-35407","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.8 (Yoast SEO v24.8.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>This April Fool\u2019s Day, Don\u2019t Be Fooled By Quick Fixes To Debt Problems - Credit Counselling Society<\/title>\n<meta name=\"description\" content=\"Earlier this month, Statistics Canada reported the household debt ratio had climbed to a new record high. Click to read the full press release.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This April Fool\u2019s Day, Don\u2019t Be Fooled By Quick Fixes To Debt Problems\" \/>\n<meta property=\"og:description\" content=\"Earlier this month, Statistics Canada reported the household debt ratio had climbed to a new record high. Click to read the full press release.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems\" \/>\n<meta property=\"og:site_name\" content=\"Credit Counselling Society\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nomoredebts\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-25T22:25:05+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@CrdtCounselSoc\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"This April Fool\u2019s Day, Don\u2019t Be Fooled By Quick Fixes To Debt Problems - Credit Counselling Society","description":"Earlier this month, Statistics Canada reported the household debt ratio had climbed to a new record high. Click to read the full press release.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems","og_locale":"en_US","og_type":"article","og_title":"This April Fool\u2019s Day, Don\u2019t Be Fooled By Quick Fixes To Debt Problems","og_description":"Earlier this month, Statistics Canada reported the household debt ratio had climbed to a new record high. Click to read the full press release.","og_url":"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems","og_site_name":"Credit Counselling Society","article_publisher":"https:\/\/www.facebook.com\/nomoredebts","article_modified_time":"2021-08-25T22:25:05+00:00","twitter_card":"summary_large_image","twitter_site":"@CrdtCounselSoc","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems","url":"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems","name":"This April Fool\u2019s Day, Don\u2019t Be Fooled By Quick Fixes To Debt Problems - Credit Counselling Society","isPartOf":{"@id":"https:\/\/nomoredebts.org\/#website"},"datePublished":"2021-06-16T21:10:09+00:00","dateModified":"2021-08-25T22:25:05+00:00","description":"Earlier this month, Statistics Canada reported the household debt ratio had climbed to a new record high. Click to read the full press release.","breadcrumb":{"@id":"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases\/this-april-fools-day-dont-be-fooled-by-quick-fixes-to-debt-problems#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"About the Credit Counselling Society","item":"https:\/\/nomoredebts.org\/about-us"},{"@type":"ListItem","position":2,"name":"Press Releases","item":"https:\/\/nomoredebts.org\/about-us\/ccs-pr-press-releases"},{"@type":"ListItem","position":3,"name":"This April Fool\u2019s Day, Don\u2019t Be Fooled By Quick Fixes To Debt Problems"}]},{"@type":"WebSite","@id":"https:\/\/nomoredebts.org\/#website","url":"https:\/\/nomoredebts.org\/","name":"Credit Counselling Society","description":"We help you navigate debt.","publisher":{"@id":"https:\/\/nomoredebts.org\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nomoredebts.org\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/nomoredebts.org\/#organization","name":"The Credit Counselling Society","url":"https:\/\/nomoredebts.org\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nomoredebts.org\/#\/schema\/logo\/image\/","url":"https:\/\/nomoredebts.org\/wp-content\/uploads\/2020\/01\/ccs-logo-on-white.png","contentUrl":"https:\/\/nomoredebts.org\/wp-content\/uploads\/2020\/01\/ccs-logo-on-white.png","width":500,"height":184,"caption":"The Credit Counselling Society"},"image":{"@id":"https:\/\/nomoredebts.org\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/nomoredebts","https:\/\/x.com\/CrdtCounselSoc","https:\/\/www.instagram.com\/nomoredebts\/","https:\/\/www.linkedin.com\/company\/credit-counselling-society?originalSubdomain=ca","https:\/\/www.youtube.com\/user\/CreditCounsellingSoc"]}]}},"_links":{"self":[{"href":"https:\/\/nomoredebts.org\/wp-json\/wp\/v2\/pages\/35407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nomoredebts.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nomoredebts.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nomoredebts.org\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/nomoredebts.org\/wp-json\/wp\/v2\/comments?post=35407"}],"version-history":[{"count":0,"href":"https:\/\/nomoredebts.org\/wp-json\/wp\/v2\/pages\/35407\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/nomoredebts.org\/wp-json\/wp\/v2\/pages\/19283"}],"wp:attachment":[{"href":"https:\/\/nomoredebts.org\/wp-json\/wp\/v2\/media?parent=35407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}