Maintaining Your Credit
It’s important to make payments on time. If you run into a situation where you can’t — through over-borrowing, inexperience or unforeseen emergencies — the first thing you should do is contact the lender. Do this before your payment is due. You may be able to protect your credit record by negotiating an easier repayment schedule.
Don’t be afraid to ask for financial counselling, either from your credit grantor or from a member agency of the Ontario Association of Credit Counselling Services. The important thing is to get your finances in order before they spiral out of control.
