Leamington
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
Debt Confessions: Unveiling Financial Secrets to Your Partner Life is filled with various kinds of confessions, but amongst them, debt confessions can often be the most challenging. Disclosing one’s financial status, especially when it includes debt, to a partner can be an intimidating task. However, it’s a crucial step towards building a relationship based on … Read more
Misaligned financial views and unresolved money matters have been the bane of many marriages. They can lead to endless disputes and can even be a significant factor in divorce. Consequently, it’s critical to recognize and address these issues early on to secure your marital bliss. Below are seven strategies to Avoid Financial Problems and Debt … Read more
Why Debt Consultants Can Be Problematic The issue of debt consultants has been a thorny one in Canada for some time. Despite numerous consumer alerts and reports, the government seems to be doing little more than observing as these unlicensed debt consultants continue to operate, often charging exorbitant and unnecessary fees to unsuspecting debtors. This … Read more
An Overview of Canada’s Debt Situation In recent years, the world economy has been through a series of challenges, including a global pandemic, inflation, supply chain disruptions, and political instability. The Canadian economy has managed to withstand these challenges, often better than other economies. However, Canada’s high levels of household debt, which is the highest … Read more
If you feel as though the debt that you are in right now is becoming unmanageable, then there are steps that you can take to try and stop yourself from spiralling. Here’s what you should do if you are facing excessive debt you cannot repay. Make a Budget Making a budget is a very important … Read more
One of the most common reasons why people file for bankruptcy is due to high-interest debt. Debt can be manageable while interest is low, helping you make affordable payments that fit within your budget. But unfortunately, not all loans and credit cards are low-interest, and it’s the higher interest debts that lead to problems. There … Read more
Nothing in this life is more important than your health. Unfortunately, medical treatments often result in serious financial repercussions for the patient. Therefore, if you’re about to undergo surgery or a rehab process, you must be prepared to deal with medical debt. Whether it’s pre-treatment planning or post-treatment financial management, BankruptcyCanada can help put your … Read more
Did you know that over 40% of Canadians experience poor mental health as a result of financial troubles? If you’re worried about money, you’re not alone. With debt levels rising, more and more people are struggling to cope with the negative impact of trying to make ends meet. What you need to know about debt … Read more
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
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
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
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
Avoiding Shady Debt Settlement Companies If you want to put an end to your debt once and for all, then you need to make sure that you go with a good company who can give you the support you need throughout the entire process. The last thing you need when you are facing a mountain … Read more
Ignoring a problem is something that’s often much easier to do than you might think. When there doesn’t appear to be any immediate consequences, you can ignore an issue until it starts to get worse. Sometimes you might not even be ignoring a problem on purpose – you just forget about it until something reminds … Read more
People often see retirement as our golden years. Once we retire, we usually don’t need to worry about financial obligations and we don’t have to worry about balancing our budget if we were frugal in the past. Unfortunately, debt can still be an issue if you’ve yet to pay off your mortgage or if you’ve … Read more
How High Debt Levels & Increasing Interest Rates Are Hurting You Are you struggling with debt as a resident of Canada? You’re not alone. Numerous people are in the same boat and finding it difficult to get their finances back on track. Experts are citing numerous reasons for this from payday loans to a surge … Read more
Borrowing can be a useful financial tool, but if you find yourself in a situation where you cannot cover all of your monthly expenses and you resort to credit cards to make ends meet, that’s not a good thing. If you resort to using credit cards, or even payday loans every month, you will soon … Read more
What are “Dangerous Debts”? There are some high-risk debts which are best to avoid. Many with subpar credit who wish to make purchases find themselves in precarious situations related to credit arrangements. One common issue is purchasing furniture through a rent to own arrangement. There are many stores which don’t perform credit checks or even … Read more
Working With a Debt Consultant to Solve Debt Problems It’s easy for debts to get out of control and if you find yourself in a difficult position, you may consider hiring a debt consultant. They promise to help you manage your finances and find a way out of debt by negotiating with creditors and finding … Read more
