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In today’s credit happy world, it’s important to understand what credit is and how to keep it from piling up as overall debt

Edmonton, AB August 12, 2016 (McGuire Financial Group): As most Canadian adults today have at least one credit card, there is always the chance debt will pile up.

But there are options and ways to avoid having this type of debt add up and cause stress in you and your family’s lives. Delinquent credit card debt will lead to a lower credit score, which can affect a number of other aspects of your financial life like eventually getting a mortgage and other big life purchases.

By creating a monthly budget and ensuring the balance of your credit card(s) is paid off after each purchase or at the same time each month, the odds of creating any unnecessary debt is depleted.

If debt does start to add up, credit and debt counsellors can also provide tips and plans to help repay the debt that is owed. Reviewing monthly expenses and writing them down to see where savings can be made is a great place to start, as seeing those purchase – sometimes unnecessary ones – on paper can be a good wake up call.

Credit card debt doesn’t have to be a normal aspect of life if the proper steps are taken. They are there in case of emergencies and by understanding what comes along with owning a credit card means will allow a person to be smart when it comes to purchases and paying them off as soon as possible.

About McGuire Financial Group
Headquartered in Edmonton and with an office in Calgary, McGuire Financial Group offers a number of financial services including debt advice, setting up debt consolidation, investments, insurance, mortgages, financial planning, credit coaching, and ultimately working towards finding what our clients value the most and ensuring their assets are protected and grow. McGuire Financial Group is a holistic financial, investment, insurance, debt management and mortgage firm that optimizes a process for our clients. We take our clients through a values based planning process to help us understand what our clients really need and want. McGuire Financial Group provides one-on-one consultation with a certified infinite banking advisor, credit counselor or financial planner. For more information on McGuire Financial Group visit

Media contact: Glen P. Zacher, CEO, Certified Banking Advisor, 780-462-1289 or 403-0538-9898.

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