Many people seem to believe a credit card is a magical card that will allow them to have anything they want and everything they need. That is where the dangers of credit cards start, it’s in the mentality. Credit cards are a source of money from a company that you have to eventually pay back. When the credit card bills start rolling in, one surefire way to keep yourself drowning in debt is to pay only the minimum balance on a credit card with a high interest rate. Before you know it you have multiple fees and more bills than before.

One way you can give yourself a break is by calling the credit card company and requesting a lower interest rate. That option may help but probably isn’t very likely. Another option is to consolidate your credit, putting all your debts and fees into just one single fee. Make a visit to the Consolidated Credit Service of Canada on 505 Consumers Rd, Suite 400 Toronto, Ontario M2J 4V8 and change your life and your bank account.