Kingston
Applying For a Credit Card After Bankruptcy Bankruptcy, though a challenging phase in one’s financial journey, can sometimes be an opportunity to start anew, free from the burden of debt. A crucial part of this new chapter is the rebuilding of your credit score. In Canada, a common question that emerges post-bankruptcy is: Can I … Read more
The Intricacies of Credit Card Debt When it comes to credit card debt, it’s crucial to understand the primary distinctions between secured and unsecured debt. So, the looming question remains: Are Credit Cards Secured Debt? The answer to this question isn’t as straightforward as you might think. While credit cards are typically categorized as unsecured … Read more
Filing a Consumer Proposal After Being Sued by a Credit Card Company Credit card debt is a common issue that many people face. When this debt becomes unmanageable, creditors may resort to legal action. If you’re in this situation, you might wonder: Is it too late to file a consumer proposal? The short answer is, … Read more
Navigating the Credit Maze: 4 Effective Strategies to Minimize Credit Card Debt In line with the digital revolution, plastic money, particularly credit cards, have become a standard component of the modern wallet. As of September 2022, the average Canadian possesses 1.4 credit cards, with the typical credit limit being a whopping $5,800 as per TransUnion. … Read more
Conquering Credit Card Debt: A Comprehensive Guide Credit card debt is a formidable opponent, and it’s designed to be that way. The convenience and immediacy of credit cards make them easy to overuse, leading to balances that can quickly become overwhelming. The journey to becoming debt-free is not a sprint but a marathon; however, with … Read more
Understanding Your Rights When You Have Credit Card Debt in Canada Credit cards are a double-edged sword. They can be useful tools for managing finances, but they can also lead to debt if not used responsibly. In Canada, credit card users need to understand their rights and responsibilities to protect themselves from falling into a … Read more
Climbing out of a significant debt hole, such as a $10,000 credit card debt, is no easy feat. It often takes years of hard work, determination, and financial discipline. In this article we’ll explore the story of Kelsey, a client of ours. The Realization and Decision to Act Like many of us, Kelsey found herself … Read more
What to Do if Your Credit Card Debt Is Out of Control In today’s society, credit cards are often seen as a financial lifeline, providing the freedom to make purchases even when cash is scarce. However, the convenience they offer can easily lead to a spiralling debt trap, causing many to exclaim, “My credit card … Read more
A significant number of Canadians have expressed remorse over their current debt levels, specifically credit card debt. An increasing concern is the habit of impulse purchasing that is driving the rise in credit card debt. This article explores this critical issue, drawing on findings from a recent survey by RateSupermarket.ca, offering insights, and proposing practical … Read more
Mastering Debt Consolidation Using Credit Cards in Canada: A Comprehensive Guide Debt consolidation using credit cards can be a viable strategy for Canadians grappling with multiple debts. However, it’s essential to understand the process thoroughly before diving in. This comprehensive guide will help you navigate the terrain of debt consolidation using credit cards, understand its … Read more
