Leamington
Gordon Sands Debts can quickly start to pile up. One credit card can easily turn into two or even three, and before you know it, instead of worrying about paying your debts off, you’re just trying to cover the minimum monthly payments and keep your head above the water. Missing a payment once in a while isn’t … Read more
There are several ways for a third party to assume responsibility for your debt, but not all are simple. Some of the ways that a person can take responsibility for your debt are considered formal, meaning that they have the approval of your creditors. In contrast, others are considered informal, which could leave you with … Read more
When you take out a mortgage, the only thing you tend to think about is whether you can afford your current monthly repayments – but what if they were to rise? Could you afford to pay them then? A survey by the Bank of Montreal has found that almost 1 in 6 Canadians would not … Read more
Debt and stress have always had a strong link. It’s impossible to feel safe when you have a lot of debt mounting up, and many people see this sort of problem as an existential threat. Unfortunately, feeling stressed about your debt will only make it harder to deal with it, ultimately making the problem far … Read more
It’s just about impossible to live in the modern world without a cell phone. These devices are beginning to replace computers in many households, providing you with everything you need to keep yourself informed, be social, and entertain yourself. Of course, though, Canadians have to pay a premium to access all of the features they … Read more
Keeping your money under control is never as easy as it sounds. Even with all of the planning in the world, it will be impossible to avoid the unexpected with your finances, and a lot of people end up in trouble with this side of their life. Filing for bankruptcy is a common approach to … Read more
Too much debt and failing to repay your debts can both affect your credit rating. The longer you go without repaying what you owe on schedule, the more your credit rating can take a hit. Your credit rating is one of the important numbers in your life that can open or close doors to you, … Read more
Having a lot of debt and finding it difficult to repay is something that many people can feel ashamed of. You can feel embarrassed and guilty that you’re unable to repay your debts and even that you have the debt in the first place. In fact, some people even hide their debt from their spouses, … Read more
Vehicle Debt & Insolvency A shiny new car is an exciting prospect, whether you need to replace an old vehicle or you just feel like something new. Most people choose to buy a new vehicle by financing it, paying a monthly payment to repay their debt. The average vehicle debt in Canada is $20,000, and … Read more
Cashless payments have become the norm for many of us. Automatic payments take care of bills, while debit and credit cards, as well as mobile payments, allow us to shop without the need for cash. However, spending your money in this way can make it difficult to keep track of what you’re really spending. You … Read more
Most people have a clear idea of what they’d like their retirement to look like when the time comes. From spending more time with your family to travelling around the world; retirement should be a chance for you to enjoy yourself any way you choose. Unfortunately, unresolved financial issues can have a serious impact on … Read more
When you’re assessing your financial situation, it’s important to include all types of income and expenditure. Similarly, you’ll need to remember every debt you have so that you can ensure they’re repaid or resolved appropriately. Bankruptcy is an increasingly popular form of debt resolution but it’s not one that’s particularly well understood. Before filing for … Read more
As most Canadians have some form of debt, a significant number of people will be subject to debt collection services at some point. Whether you accidentally forget to make a payment or you’re struggling to make ends meet, it’s easy to get caught up in a debt spiral. Although dealing with collections agents can seem … Read more
Are you thinking about filing for bankruptcy as a way to escape your debt? You’re not alone, many people who are struggling with heavy bills will eventually turn their attention to this possibility. Indeed, for some with insurmountable levels of debt, it can be the only option. But it’s important to approach this the right … Read more
Financial stress can cause a number of health-related issues. The feeling of debt creeping towards us at night can be enough to stir up nightmares. It goes to show the negative power that debt has on our mind and it can be extremely difficult to overcome those feelings of depression and anxiety. In fact, it … Read more
Debt can be an extremely stressful thing to experience. If you’ve ever been in debt, then you’ll know how hopeless and frustrating it can feel, especially if you’ve let it spiral out of control. Watching interest rates grow and your entire salary being funnelled into bills can be hard to cope with, especially if it … Read more
Bankruptcy is seen as an effective way to get out of severe debt. It can settle all of your unsecured debts and the process can take anywhere from 9 to 21 months depending on your circumstances. However, the process can differ depending on your circumstances and it’s important to understand how you actually get discharged … Read more
Bankruptcy is often the most reliable way to help you deal with severe debt. If you’re facing a difficult financial situation and see no way out of it by budgeting, then filing for bankruptcy is one of the more effective ways to completely eliminate your unsecured debts and start a fresh financial life. Unfortunately, it’s … Read more
Filing for bankruptcy is one of the best ways to get a fresh financial start. You can settle all of your unsecured debts while also retaining the majority of your possessions. Most people find that they’ll be able to keep their car, personal belongings, work-related items and even their home if it meets certain conditions. … Read more
A consumer proposal is one of the best ways to settle severe levels of debt and improve your financial situation. In many cases, it can settle up to 80% of your unsecured debt and the remaining 20% can be paid off interest-free over the course of up to five years. However, a consumer proposal can … Read more
