How To Pay Down Credit Card Debt: A Step-By-Step Guide

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook. Read his full author bio

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Published by Mohamed Konate | Updated Feb 26, 2024

How To Pay Down Credit Card Debt: A Step-By-Step Guide

Reading Time: 6 Min Credit card debt occurs when you purchase an item or service using a credit card and fail to pay off the balance by the due date. This balance accumulates interest, which can spiral out of control, leaving you with a massive sum to pay off. Roughly 40% of Canadians have some form of credit card… Continue reading

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Published by Mohamed Konate | Jan 21, 2024

Can You Have More Than One Life Insurance Policy?

Reading Time: 6 Min Are you wondering if you can have more than one life insurance policy? If so, you’re not alone. Manypeople are unsure whether they can have multiple policies, what the benefitsare, and how it might affect their coverage. In this article, we answer your questions about lifeinsurance, whether you can have multiple life insurance policies, the… Continue reading

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Published by Mohamed Konate | Jan 21, 2024

How Life Insurance Works In Canada

Reading Time: 8 Min Life insurance serves as a financial safety net, providing a lump sum payment to beneficiaries upon the policyholder’s death. It can help cover funeral costs, pay off debts, and replace lost income, ensuring your family’s financial well-being when you’re gone. Life insurance in Canada works pretty much just like life insurance elsewhere in the world, with… Continue reading

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Published by Mohamed Konate | Jan 21, 2024

What Are The Four Types of Universal Life Insurance?

Reading Time: 4 Min At its most basic, life insurance offers financial protection and peace of mind to your beneficiaries after your death. After death, the insurer will pay out a sum of money, called the death benefit, to the beneficiaries, which helps them with unexpected expenses and supports them for a time. Universal life insurance is a type… Continue reading

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Published by Mohamed Konate | Jan 18, 2024

How to Read Account Number on a Cheque

Reading Time: 5 Min Have you ever been passed a paper cheque and wondered how to examine and apprehend various accounts? Don’t fear; you are now not on my own. In this text, we can destroy the technique of interpreting the account variety on a cheque, which will help you feel extra assured in coping with this economic file.… Continue reading

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Published by Mohamed Konate | Jan 17, 2024

How To Add A Credit Card As A Payee

Reading Time: 5 Min Payee: A person or account to whom money is paid. Adding a credit card as a payee makes paying your credit card debts easier and eliminates the need for manual transactions. By adding your credit card as a regular recipient in your bank account, you can streamline your monthly payments and ensure full control over… Continue reading

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