If you are dealing with a credit crisis you do have some options.

You might have a credit problem if you:

• Can't pay the minimum payment due each month on your credit cards.
• Require cash advances to meet living expenses.
• Don't have any idea how much you owe.  
• Are always in debt.

Try these ideas to help you recover.

• Consider cancelling some credit cards..
• Consider consolidating all your debts into one loan. If your debts are from credit cards you save a lot on interest.
• Contact your creditors to see if you can make some arrangements if your payments are slow. They will be very co-operative because all they want to see is an attempt to repay the money you owe. Be honest with them and explain what the problem is and they will help you work it out.
• Figure out how you got into debt and create a plan to stop it from happening again.
• Re-evaluate your spending habits and lifestyle.
• If you need help, contact a credit counselor. You will find several non-profit agencies in Canada. You will be assigned an experienced counselor who will look at your situation and help you develop a plan to recover from your credit crisis.
• Consider keeping only one credit card. You will find it easier to track your spending.

Apply for a pre-approved mortgage.