Podknife - 451 – Minimum Debt Payments Going Up - What Do You Do? by Debt Free in 30

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451 – Minimum Debt Payments Going Up - What Do You Do?

Podcast |: Debt Free in 30
Publisher |: Doug Hoyes
Media Type |: audio
Podknife tags |: Investing,; Personal Finance
Categories Via RSS |: Business,; Investing
Publication Date |: Apr 22, 2023
Episode Duration |: 00:30:57

According to TransUnion, the average credit consumer with a balance in Canada saw a 10% year-over-year increase in their minimum monthly debt payments in Q4 2022. If your minimum payments start going up, what should you do? What if they already have? On today’s podcast, Maureen Parent returns to discuss why minimum payments increase in the first place, and practical advice on how to get ahead of them. Maureen and Doug also share specific tips for you to negotiate with your credit card company to possibly reduce your debt costs. Tune in for a great discussion!