Not all news is doom and gloom though. A recent report by Equifax Canada says that Canadians are doing a lot better in paying off credit card debt. It shows that we are taking heed of all the warnings about rising Canadian debt.

That being said, we need to make more of an effort to curb our debt. It was mentioned on the radio that many Canadians have actually made debt reduction a New Year’s resolution. How many succeed remains to be seen, but there are options out there to help you manage your spending and debt. Most solutions will require you to cut back your lifestyle and stop spending so much money! The solution seems logical, but it’s not always attainable.

At CENTUM, we want to help our customers figure out a blue print to manage their finances and become debt free faster WITHOUT having to cut spending. We’ve created a partnership with the SMARTEquity™ Program to help you ultimately pay less interest on your mortgage and other debt.

The SMARTEquity Program provides both online software and personal consultation to create individualized scenarios based on personal financial parameters with built-in flexibility and variability. Through the service, you as a CENTUM client would be assigned a Certified SMARTEquity Coach to help plan out monthly payments and track your progress.

It’s a great tool for anyone who has a mortgage and is interested in reducing the amount of interest they pay in a lifetime.

Come talk to us to get more details on how you can use SMARTEquity to your advantage.