It’s tax season, and a financial expert is encouraging people to take any refunds they may get and put it towards existing debt.
Heather French, an insolvency trustee with BDO Debt Solutions, says a lot of people see a refund as a bonus or extra money in their pockets.
However, she explains it is actually a person’s money being returned to them.
French says the current fiscal environment has forced a lot of people into having credit card debt.
She encourages people who get a refund to put it towards paying off debt.
She says doing so can reduce monthly payments, and thus overall stress levels.
