Leamington
Avoid Making Only The Minimum Payment For many households, personal loans and credit cards are a simple reality of modern living. The ever-escalating cost of living combined with stagnating wages mean that many families need to rely on credit to make ends meet. However, when it comes to credit cards, householders can make a cardinal … Read more
Licensed Experts Providing Debt & Credit Counselling Help In a perfect world, there would be no debt. But we can all agree that this world is far from perfect. Many Canadians have racked up significant personal debts, not because they lead a particularly extravagant lifestyle- but simply to keep themselves and their families afloat. The … Read more
Debt Settlement: Can It Be Done On My Own? When you begin to tackle your debts, there’s no single, perfect way to go about it. However, there are certain traps that you should try to avoid. If you plan on arranging a debt settlement yourself, there are plenty of factors to consider. Although it is … Read more
Debt Reduction in Canada: What Should I Know? Most people in Canada have some form of debt but bad debt can have devastating consequences. If you have bad debt, you should learn our secrets of debt reduction in Canada. Fortunately, there are simple and straightforward ways to manage your finances and facilitate debt reduction in … Read more
Snowball vs Avalanche: What is The Best Method to Pay Off Debt? The vast majority of adults have one form of debt or another. From your mortgage and student loans to car finance plans and credit cards, there are various types of debt that may feature in your financial history. Although well-managed debt isn’t necessarily … Read more
Fixing Your R Score Dealing with debt can feel overwhelming but it becomes more manageable when you understand how the system works. By learning more about your finances, you’ll find it easier to address any outstanding debt issues and improve your financial standing. Every adult in Canada has an R Score and it has a … Read more
Do I Inherit a Loved One’s Debt When They Die? The average Canadian household currently reports spending as much as 14.9% of their incomes on debt payments alone each month. Those are high statistics, but luckily, there’s plenty of advice regarding insolvency and consolidation to help you through. This can make a massive difference, but … Read more
What is the Statute of Limitations on Debt in BC? Debt is a dirty word, and too often seems impossible to shake. So much so that as many as two in five Canadians believe they’ll never be free. Worse, an average 67% of those believe that everyone else is in the same boat. For obvious … Read more
Rise of The Interest Rates: 3 Tips To Avoid Ridiculous Rates We’ve become accustomed to low, low interest rates in recent years. However, as any economist will tell you- what goes up must come down and what goes down must come up. If you’re expecting interest rates to stay low forever, you could be in … Read more
Credit Counselling or Debt Settlement: Which is Right For Me? Many Canadians are struggling to get out from under the shadow of their debts. Indeed, the average consumer debt for Canadians stands at around $8,500 as of January 2020 (not including mortgages). Furthermore, 12% of Canadians have consumer debts over $25,000. The good news is … Read more
Trying to claw your way out of debt? These 5 useful tips really work in helping your household to reduce your debts and liberate your finances! Household debt has become an unavoidable reality for many households. The cost of living continues to climb every year. However, our wages don’t necessarily rise to meet it. Need … Read more
Watch Out For These Warning Signs of a Major Debt Problem Keeping track of your finances can be incredibly tough for a lot of people. There are people out there that are naturally good with money and they don’t like the idea of borrowing, so they stick to a tight budget and keep a close … Read more
Should I Opt For a Consumer Proposal Or Debt Settlement? If you are faced with significant unsecured debts, it’s likely that both Consumer Proposals and Debt Settlement Companies will have surfaced during your initial research into potential debt relief solutions. At a glance, they promise very similar outcomes by settling your debts at a lower … Read more
Settle Tax Debts Without Battling the Canada Revenue Agency Every year many thousands of people living in Canada find themselves unable to pay the CRA (Canadian Revenue Authority) taxes they owe. In response, they often approach lawyers promising to fight the taxman on their behalf, but this might not be the best solution. Taking an … Read more
How to Manage Your Family Finances to Stay Debt Free Canadians keeping an eye on the news of late may be slightly alarmed to see that experts predict doom and gloom for debt across the country. Statistics consistently reveal that Canadian families are spending as much as 14.9% of their incomes on debts alone. Even … Read more
Debt Lies Most People Believe The Canadian debt spiral is real, and there’s a pretty high chance you’re stuck within it. A recent MNP study revealed that as many as 47% of Canadians expect issues paying their essential bills this year. When you pair this with the fact that average households now owe around $1.78 … Read more
Get Stress Relief By Dealing With Your Debt Are you struggling with debt stress? You’re not alone. The average Canadian consumer debt is currently $8,500 and this doesn’t include mortgages. People who are in debt tend to suffer from debt stress syndrome. They are constantly worried about how much they owe and whether they will … Read more
Eliminating Tax Debt: CRA & Bankruptcy Decisions in Court Understanding how to manage debt is one of the most important financial exercises you can do to benefit yourself and your future. There are many different debt origins, including credit cards, mortgages, and car loans. An extremely common source of debt that doesn’t get much mention … Read more
Who’s Responsible to Pay Joint Credit Card Debt After Separation or Divorce? Getting divorced can affect your finances and require the legal separation of capital and assets. Consequently, it’s not uncommon for couples in the process of getting separated to question their legal responsibility when it comes to debts. The debt accrued by one spouse … Read more
Dealing with debts can be an overwhelming situation. It can be challenging for many debtors to make sense of the different options available without professional knowledge. Additionally, the stress of facing creditors’ actions can force you to make a decision that would put your assets and financial future at risk. But getting impartial debt advice … Read more
