WHAT'S NEW
What Are Your Financial Habits Costing You?
Managing your money means more than setting up a budget.
Did You Know?
- For a $5,500 balance on your credit card that carries an annual interest rate of 18.5% and requires a 2% minimum monthly payment, you could pay $10,593 over 8 years to pay off that balance.
- Borrowing $400 until payday (14 days away) could cost you $500 on payday to repay the debt. That is a charge of $100 for 14 days of credit.
- By carrying a $2,000 overdraft on your bank account, every month could cost you a $2.00 overdraft fee plus interest of $35. In a year that could add up to $444.
Do you need help changing your financial habits? Call the Credit Counselling Service of Durham Region at 905-579-1951 or 1-800-579-3328 to schedule a free appointment. Let us help you learn to keep more money in your pocket.
The Credit Counselling Service of Durham Region has been serving the people of Durham Region since 1970 and is accredited by the Ontario Association of Credit Counselling Services. CCSDR is a registered not for profit charity and a member of the United Way of Ajax-Pickering-Uxbridge.
For more information, please contact: Sandra Sherk, Executive Director, Credit Counselling Service of Durham Region, 905-579-1951
