A: Credit card debt is at record highs, and Equifax Canada reports that nearly 1.4 million Canadians missed a credit card payment this spring between April and the end of June. That statistic might make you feel less alone, but it offers little comfort when you’re juggling bills — especially because common quick fixes like partial payments, taking on new debt to pay old debt, or making a payment on your credit card and promptly reusing the freed-up credit can turn a temporary struggle into a long-term debt problem. Before you decide what to do, here are the mistakes to avoid and the smarter next steps to take instead.

It may feel counterintuitive, but your best first step if you’re about to fall behind — or have already missed a payment — is to contact your credit card company. Call cust

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