The holiday season is upon us, and in the spirit of the season we’ve created our very own version of the 12 Days of Christmas, based on how to rebuild your credit – with Mr. Ebenezer Scrooge as the gift-giver (after all, who better to give financial advice than one who is good with their money). It may not sound as catchy or rhyme as well as the original, but when you follow the advice, you can really cut down debt and start rebuilding your credit! Enjoy – and good luck!

On the first day of ChristmasMr. Scrooge gave to me, an app to organize my expenses!

On the second day of Christmas Mr. Scrooge said to me, log everything you spend your money on!

On the third day of Christmas Mr. Scrooge said to me, create a realistic budget from that log!

On the fourth day of Christmas Mr. Scrooge said to me, now reduce those expenses by 10%.

On the fifth day of Christmas Mr. Scroogesaid to me, request your credit report!

On the sixth day of Christmas Mr. Scroogesaid to me, stop applying for new credit!

On the seventh day of Christmas Mr. Scroogesaid to me, try not to use your credit to finance your Christmas shopping!

On the eighth day of Christmas Mr. Scroogesaid to me, be as real about your debt as you can be (look at your total debt and divide it by 48 – that is what you would have to pay monthly to be out of debt in 4 years interest free. If you fell off your chair at the size of this monthly payment you may want to review consolidation options.).

On the ninth day of Christmas Mr. Scroogepresented to me, several viable debt consolidation options.

On the tenth day of Christmas Mr. Scroogesaid to me, find a financial professional you can trust.

On the eleventh day of Christmas Mr. Scrooge said to me, vet that professional to make sure they’re legit (he also suggested looking at a representative -not a bankruptcy trustee – someone who will represent YOU – not your creditors).

On the twelfth day of Christmas Mr. Scrooge said to me, take all of these tips and start to rebuild!

Ok, we get it – this was a rather unconventional way of presenting our best advice on how to rebuild credit – but the advice is real. Taking a good, hard look at your debt, figuring out where you can cut expenses, and taking the steps to find the best debt professional and the most viable debt relief options, including a mortgage, a consolidation loan, a consumer proposal or bankruptcy, really are the best ways to get back on track financially.

At DebtCare Canada, we are committed to helping you regain control of your money. If you are looking at ways to rebuild credit, call us today at 1-888-890-0888.