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How to Stay Safe Online During Fraud Prevention Month

March is Fraud Prevention Month, an annual campaign by the Competition Bureau that aims to educate consumers about fraud to help them recognize, reject and report it. Recent statistics from the Canadian Anti-Fraud Centre show that Canadians lost over $106.4 million to fraud in 2020, $62.6 million of which was related to online fraud. 

We all must be careful to avoid falling into a scam, and the best way to protect yourself is to be aware of them. Here are some of the most common online scams happening in Canada.

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How to Pay Credit Card Debt in Full

If you’ve been using your credit card as a financial lifeline for a long time, it’s likely you’ve racked up quite a bit of debt. Credit card debt is among the most expensive of all debts and one of the hardest to pay off. With extremely high interest rates, it can be nearly impossible to make a dent in your debt unless you’re putting significant sums of money towards it each month.

Luckily, there are a few ways to pay off a credit card in full.

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10 Good Reasons to See a Credit Counsellor

A credit counsellor is someone who can help you better manage your finances and get out of debt. When you decide to go for credit counselling, a certified counsellor will review your entire financial situation and speak to you about your options. Here are 10 good reasons to see a credit counsellor. 

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What is Debt and Can it Be Avoided?

What is debt? Debt is, put simply, any amount of money that you owe to someone. But can it be avoided? It depends on the specific situation of a person or family, and also on the social and economic circumstances at a certain time.

Not everyone is lucky enough to be born millionaires or win the lottery, so the majority of people will need to buy a home, a car, or pay for education at some point. Most likely, they will need help paying for these things, thus putting them in debt.

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2021 Scholarships Now Available!

Every year, Credit Counselling Services of Atlantic Canada offers a number of $1,000 scholarships to post-secondary students across Atlantic Canada. Having strong financial literacy skills is crucial to future financial freedom, and our scholarship aims to provide students with the tools to minimize their post-secondary debt and to use credit wisely. 

The 2021 scholarship is now open. Download the application form. The scholarship closes on April 30, 2021.

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