Debt Problems

Understanding Debt Collection: What Happens When You Miss Multiple Payments? In those challenging months where your finances are spread thin, you may find yourself pondering, “How many payments can I miss before debt collectors come calling?” In the face of mounting credit card bills and various loans, managing your debt payments can be overwhelming. But … Read more

Determining Who Is Responsible For a Debt In today’s financial landscape, it’s not uncommon to find yourself tangled in a web of debts. What’s more, you may even receive collection letters for debts that seem unfamiliar. The question that arises is, How Do I Know If a Debt is Really Mine? This article explores this … Read more

Recognizing Overwhelming Debt: Six Unambiguous Indicators Often, individuals grapple with the question, how do I know if I have too much debt? Six signs that don’t lie is a common inquiry but a challenging one to address definitively as the answer varies from person to person. However, there are unmistakable indicators that can alert you … Read more

Emergency Financial Assistance in Ontario: Your Comprehensive Guide Financial crises are a part of life and can hit anyone at any time. Whether it’s due to unexpected job loss, a global pandemic, or an unforeseen crisis, there are moments where you may find yourself in need of immediate financial help. If you’re an Ontario resident, … Read more

How to Halt Harassing Calls from Creditors: A Comprehensive Guide Saddled with overwhelming debt, and further burdened by incessant calls from creditors? You’re not alone! This guide answers the question – “How do I get creditors to stop calling me?” We’ll explore practical solutions to put an end to those unwelcome collection calls, and help … Read more

Rethinking the Decision to Vouch for Someone’s Debts: Hold On! The subject of guaranteeing somebody else’s debt can be a minefield of potential hazards, often obscured by the best intentions. It’s a topic worthy of serious consideration, especially for those contemplating becoming a guarantor for a friend, family member, or business associate. 1. Understanding What … Read more

Each year, numerous individuals fall prey to a variety of scams, ranging from identity theft, payment scams, to email fraud. While these scams can take a toll on your mental wellbeing, they can also lead to substantial financial losses resulting in unmanageable debt. In this article, we’ll delve into the intricacies of various scams, their … Read more

Can a Canadian Creditor Garnish My Wages or Assets If I Live In Another Country? Canada, being one of the world’s leading economic powers, has a robust system of credit. This system, while facilitating financial transactions, often leads to situations where a creditor might need to enforce a garnishment order against a debtor residing in … Read more

Understanding Garnishees by Creditors and the Government Garnishee orders play a significant role in how creditors and government agencies recover debts. These orders are legislated under different statutes, with some under the purview of the Civil Enforcement Act in Alberta, while others fall under Government Statutes such as the Income Tax Act and the Maintenance … Read more

Understanding the Impact of Gambling Addiction and Debt Gambling addiction and debt is a significant issue that has far-reaching effects on individuals and society at large. It’s a complex challenge that’s characterized by an uncontrollable impulse to gamble, leading to disastrous financial consequences. This article delves into the intricacies of this addiction, its prevalent causes, … Read more

Understanding Garnishee Orders: How Much Can They Take? As we navigate through life, we sometimes find ourselves in financial predicaments that necessitate legal interventions such as garnishee orders. In this article, we are going to delve into the world of garnishee orders, how they are regulated, and most importantly, how much they can take from … Read more

Many people grapple with debt, ranging from mortgages and auto loans to credit card balances and personal loans. While borrowing is a common part of modern life, it becomes a problem when it spirals out of control, and we end up drowning in a sea of debt. But how do we know when we’ve crossed … Read more

The alarming increase of household debt in Canada, particularly in Toronto, has not gone unnoticed. It has become a regular topic in media and a concern for economists, public officials, and financial commentators alike. The narrative of the “deadbeat” debtor is changing, with the average Canadian now facing serious debt troubles. 1. Debunking the Deadbeat … Read more

Understanding The Costs of Paying Your Debts: A Comprehensive Guide In the world of finance, Understanding Debt Servicing Costs plays a pivotal role. This article will delve deep into this important subject, examining its impact on both governmental and personal finances. The Concept of Debt Servicing Costs Debt servicing costs refer to the total amount … Read more

Understanding Debt Addiction: A Growing Issue in Canada As we delve into the world of personal finance, a growing concern that we cannot ignore is the escalating problem of debt addiction among Canadians. This alarming trend has seen a surge in the recent decade, fueled by record low-interest rates and a society that is increasingly … Read more

The Canada Emergency Response Benefit (CERB) was a lifeline for many Canadians hit hard by the economic fallout of the COVID-19 pandemic. However, due to the urgency with which it was implemented, there were ambiguities in the eligibility requirements. Consequently, a significant number of individuals might have received overpayments. The recent letters from the Canada … Read more

Cellphone Debt & How It Impacts Everyday Life Cellphone debt is an issue that affects many individuals globally. This article will delve into the various implications that can arise from falling behind on your cellphone payments. Escalation to Collection Agencies One of the significant ramifications of cellphone debt is its potential escalation to collection agencies. … Read more

Is There a Risk of Going to Jail If I Don’t Pay My Debts? A Comprehensive Analysis In an era where debt has become a common part of life, the question – Can You Go to Jail for Not Paying Debt? – has gained relevance. This article explores this question in depth, as well as … Read more

Understanding Government Assistance for Debt Issues Can you get help from the government for debt problems? This is a question that many people ask, especially when they encounter financial difficulties. In this article, we delve into the ways the government can provide assistance to individuals grappling with debt. 1. The Concept of Government-Endorsed Debt Relief … Read more