Loans Canada Launches Free Credit Score Portal And Is Recognized As One Of Canada’s Top Growing Companies
Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
Being laid off is possibly one of the worse life events that the average person has to go through, the strain that it puts on both your financial life and your personal life is extreme. The challenges you’ll face on daily basis will be both financial and mental, paying bills and providing for yourself or your family will become a constant worry. More often than not being laid off has less to do with you as an employee and more to do with the state of the company you work for, this can make dealing with a job loss even more difficult.
We want you to be able to deal with an unexpected job loss because in today’s economic environment losing your job is something everyone needs to plan for. Being unemployed may seem like the end of the world to you but it doesn’t have to ruin your finances. There are lots of ways you can prepare yourself to deal with this sudden issue. One of the best things you can do right away is take your job loss as an opportunity to re-examine your financial life as a whole:
The best thing you can do is be honest with yourself and spouse or family members, facing the truth head on will allow you to make better choices and create a clear and concise plan.
When emergency funds, unemployment benefits and a reduction in shopping don’t quite make up for your loss of income you’ll need to take a few more steps to help yourself get through this rough patch. If your bills are currently starting to pile up and you’re in need of some extra help we suggest that you implement these 6 strategies into your life, they should help you put your best foot forward as you navigate your post-layoff life.
Being laid off is a very difficult thing to deal with both financial and personally so if you feel like you can’t handle your finances on your own, you should seek professional help. This could be a credit counsellor, a debt management program or even simply a small personal loan to tie you over until you’re able to find a new job. Just make sure you don’t wait too long before you ask for help, a professional will be able to help you prevent any serious issues from getting out of hand.
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Loans Canada is pleased to announce it placed No. 131 on the 2022 Report on Business ranking of Canada’s Top Growing Companies.
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