Divorce Planning & Solutions

Can You Relate To This Divorce Debt Story? – Creditaid

Can you relate to this divorce debt story?

John’s motto was always “work hard and play hard”. John had worked hard his entire career which often was his justification for the money he spent drinking, dining out, clothes and on his home. He was living the high life and he felt it was all justified.

If he had taken the time to figure out how much he was spending in relation to his income, he would’ve realized he was spending more than he was making. His bank account was often overdrawn and he was using one credit card to pay off the other.

His heavy drinking was only contributing more to his debt problems. Finally, it became so excessive that it drove his wife away. The divorce was the final straw. The drawn out divorce process and court proceedings resulted in his assets being frozen. He could not borrow money or sell any of his assets to make his payments. He was in a standstill.

Some debt problems are years in the making. When the pieces finally fall, things can quickly spiral out of control. If your debt story is like John’s, stop the speed debting and seek professional help from the counselors at Creditaid.

Source: Credit counseling & debt consolidation advice, news and information by Creditaid

Marriage Break Up What Do I Do Next?

A marriage break up is a very emotional time. What do I do? How do I piece my life back together? How do I take care of myself financially? With all the questions going through your head you shouldn’t do this on your own. Get a team of support, friends, family, financial support, lawyer and if necessary a mortgage broker.

With the right advice you can ensure a smooth process for creating a separation agreement which is the cornerstone for taking the next step.

If you are looking to assemble this team together, please contact Daryl Harris, Accredited Mortgage Professional with One Link Mortgage & Financial.

Phone: (204)-928-7707 | Email: darylh@onelinkmortgage.com

Source: WinnipegsBestMortgage.com

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