44 - How to Break the Debt Cycle for Good

Being stuck in the debt cycle can seem like a never ending struggle to try to keep ahead of repayments. Many Canadians are trapped in long-term debt cycles they can’t escape. But with a little planning and a bit of discipline, you don’t have to be stuck in the cycle forever. No one needs to live under a cloud of debt indefinitely. This podcast features Derek Chase talking about debt cycles and how to break them. 

Derek also speaks to:

• What keeps us in the cycle of debt 
• How inflation is affecting the amount of debt being carried
• Things you can do when you feel overwhelmed 
• Using aps to control spending
• Ways to pay down high interest rate loans and credit cards 

Licensed Insolvency Trustees can help you take back the control of your finances and break the cycle of debt. They are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada. 

Derek Chase is a Licensed Insolvency Trustee in British Columbia. He has been helping individuals and corporations restructure their debt since 1997. His areas of practice include personal and corporate insolvency including Consumer Proposals and Bankruptcy. The best part of his work is to be able to witness lives change for the better when the heavy burden of unmanageable debt is lifted. 

• Derek L Chase & Associates Ltd. Licensed Insolvency Trustee
• Young Adults and Credit Card Debt
• Minimize Debt – Borrow Only What You Need