Understanding Judgements, Liens, and Garnishments in Canada

Judgements, Liens, and Garnishments Financial hardships can strike any time, leading to complex legal situations such as judgements, liens, and wage garnishments. It’s crucial to comprehend these terms and your rights if you ever find yourself in such circumstances. This article aims to provide a comprehensive guide about these financial terms and the actions you … Read more

ICBC Debt: Is it Eliminated in Bankruptcy or a Consumer Proposal

Navigating ICBC Debt: Your Comprehensive Guide Are you grappling with ICBC Debt? This comprehensive guide will help you understand, manage, and overcome the financial burden. The Insurance Corporation of British Columbia (ICBC) is a significant debt source for many individuals. ICBC debt can be daunting, but with the right knowledge and strategies, you can navigate … Read more

I Can’t Get Out of Debt

Escaping the Debt Treadmill: A Comprehensive Guide Debt can feel like a ruthless treadmill, constantly accelerating, leaving families and businesses struggling to keep pace. The perpetual cycle of borrowing and repayment, coupled with mounting interest, can cause significant distress. This post aims to help those who often exclaim, “I can’t get out of debt!” by … Read more

How to Spot Canadian Debt Relief Scams

Avoiding Debt Relief Scams When it comes to finding a solution for mounting debts, desperation can sometimes lead you down the wrong path. In Canada, a plethora of organizations claim to offer debt relief services, but not all are trustworthy. This article is designed to guide you on how to spot Canadian debt relief scams … Read more

How to Stop Collection Calls and Effectively Deal With Collection Agencies

How to Deal With Collection Agencies & Stopping Collection Calls The experience of receiving persistent calls from debt collectors can be overwhelming and intimidating. However, it’s crucial to know that you have rights and options. This article provides a comprehensive guide on How to Stop Collection Calls and Effectively Deal with Collection Agencies in Canada. … Read more

How to Not Let Debt Ruin Your Relationship

How to Not Let Debt Ruin your Relationship: A Comprehensive Guide Financial stress is a leading cause of strain in relationships. Debt, in particular, can lead to various emotional disturbances such as anxiety, sleep deprivation, irritability, and heated disputes. How to Not Let Debt Ruin your Relationship is a topic of utmost importance, especially for … Read more

How to Lower Fixed Expenses on Your Budget When You’re Paying Off Debt

Lowering Your Set Expenses To Pay Off Debt Faster In the journey towards becoming debt-free, it’s crucial to not only consider discretionary spending but also to examine and adjust fixed expenses. This comprehensive guide provides essential strategies on how to lower fixed expenses on your budget when you’re paying off debt. Understanding Your Budget Composition … Read more

How to Break the Debt Cycle

Shattering the Cycle of Debt: A Comprehensive Guide In an era of escalating interest rates and inflation, more people are finding it increasingly challenging to lessen their financial liabilities. If you’re persistently making payments towards your debt, but your balances remain the same or are growing, you could be trapped in a vicious debt cycle. … Read more

How Much Debt Is “Normal”?

Understanding the Norms of Debt In the contemporary economic landscape, incurring some level of debt is an almost inevitable part of life. Whether it’s credit card debt, mortgages, student loans, or car payments, most individuals find themselves navigating through some form of financial obligation. But when does this debt transgress from being a normal part … Read more

How Long Can a Collection Agency Collect on a Debt in Canada?

Is There a Statute of Limitations on How Long a Collection Agency Can Attempt to Collect a Debt? For Canadians grappling with debt, the question often arises: How long can a collection agency collect on a debt in Canada? The answer to this question is multifaceted, contingent on several factors, and requires a comprehensive understanding … Read more

How Long Can Debt Collectors Try To Collect?

Understanding Debt Collection in Canada: A Comprehensive Guide Dealing with debt can be a source of significant stress, particularly when collection agencies are involved. If you’re in Canada and grappling with this issue, you might be wondering, “How long can debt collectors try to collect in Canada?” We delve into this question and explore the … Read more

Ontario Debt Collection Laws

What Are The Debt Collection Laws in Ontario? In the vast landscape of Canada, every province has its unique set of rules and regulations governing debt collection. If you are in Ontario and are dealing with collection calls, it’s paramount to understand your rights. This article provides a comprehensive Guide to Ontario Debt Collection Laws. … Read more

Gambling Debt? Recovery Is Possible

Overcoming Gambling Debt: A Path to Restoration Experiencing a significant gambling debt can seem like an insurmountable challenge. However, I wish to assure you, recovery is possible. I recently had the opportunity to assist a client in his journey towards financial rehabilitation. His story, while unique, unveils a path many can take to overcome the … Read more

Fix Your Debt to Income Ratio

Managing your finances is more than just balancing your budget and paying your bills on time. A crucial aspect of your personal financial health is your credit score. A significant contributor to your credit score is your debt to income ratio (DTI). This article will guide you on how to fix your debt to income … Read more

Five Key Approaches to Debt Repayment

Evaluating the Advantages and Disadvantages of Five Key Approaches to Debt Repayment Debt repayment is a journey that requires commitment, determination, and most importantly, a well-thought-out plan. When you are indebted to multiple creditors and have balances on several credit cards, the debt won’t just disappear. You must manage outstanding balances, minimum payments, due dates, … Read more

Facing a Notice of Claim for a Debt

What Should I Do If I Have a Notice of Claim for a Debt? It’s a frightening situation – a knock on your door or a piece of registered mail delivers a Notice of Claim for a Debt. Panic sets in, your heart races, and you have no idea what to do next. Well, we’re … Read more

Do-It-Yourself Debt Solutions

Managing your finances can be a daunting task, especially when you find yourself in debt. However, there are ways to navigate this financial challenge with Do-It-Yourself Debt Solutions. This comprehensive guide aims to provide insight into effective strategies to tackle personal debt. Understanding Debt Debt is an obligation that needs to be paid back at … Read more

Does Debt Get Split During Divorce?

How Does Divorce Impact Debts? In today’s world, approximately 40% of marriages in Canada reach an unfortunate conclusion – divorce. Among the myriad of reasons leading to this, one significant contributor is financial instability. Consequently, questions revolving around debts, joint liabilities, and their implications upon divorce are commonplace. Ideally, such matters should be addressed prior … Read more