Port Colborne
Avoiding Debt Consultant Scams Financial scams are unfortunately all too common in today’s world, and one of the more insidious ones involves so-called “debt consultants”. These individuals or companies promise to help you reduce your debts significantly, often without the need for bankruptcy. However, the reality is often far different. In this article, we’ll explore … Read more
What Debt Help Resources Are Available to Me? We live in a world where financial challenges are commonplace, and dealing with debt has become an essential survival skill. As Licensed Insolvency Trustees, we are equipped with the legal authority and expertise to help you navigate through your financial challenges. Our aim is to educate and … Read more
Evaluating Debt Solutions in Canada A Comprehensive Guide to Choose the Right Debt Management Strategy In the quest to free oneself from the shackles of debt, Canadians have multiple options at their disposal. These debt solutions in Canada range from traditional monthly payments to more specialized methods tailored to individual financial circumstances. This article aims … Read more
Managing debt can feel like an uphill battle, especially in the face of increasing interest rates and inflation. However, it’s not impossible. With the right tools and strategies, you can take a do-it-yourself approach to your debt. This guide will walk you through DIY Debt Solutions in Canada, explaining how you can tackle your debt … Read more
Does Debt Lead to Bankruptcy in Canada? Financial stability is something everyone desires. However, the burden of excessive debt can often lead to financial despair, sometimes culminating in bankruptcy. The question is, does debt inevitably lead to bankruptcy in Canada? To answer this question, it’s essential to understand the process of filing for bankruptcy, what … Read more
Strategies To Reduce Your Debt and Avoid Bankruptcy in Canada In today’s world, credit access is commonplace. Nevertheless, managing and diminishing that debt can often pose a significant challenge. A common misconception among individuals grappling with escalating debt is that bankruptcy is the sole solution. However, in reality, there are numerous strategies one can adopt … Read more
Legislated Debt Solutions in Canada: A Comprehensive Guide In today’s economic climate, it’s not uncommon for individuals to find themselves buried under a mountain of debt. From job loss to medical expenses and rising cost of living, there are numerous factors that can contribute to individuals falling into debt. Fortunately, for Canadians, there are various … Read more
Our Government Approved Debt Solutions Are Your Path to Financial Freedom Being strangled by the relentless grasp of debt can be an overwhelming experience. The constant barrage of calls from creditors, the sleepless nights, and the incessant worry can be distressing. But, there is a silver lining. Life Changing Debt Solutions in Canada can help … 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
Tackling the Challenge of Excessive Debt: Practical Solutions and Strategies In today’s fluctuating economy, an increasing number of individuals are grappling with the daunting issue of excessive debt. This problem is not unique to any particular geographical location, as people from all corners of the world, including Canada, are feeling the pinch. The question that … Read more
Being in debt can raise many emotions, including shame, fear and guilt to name but a few; and all of them are emotions that can be difficult to stand up to. With emotions flared and creditors on their backs, it’s unsurprising that many people try to ignore their debt as a tactic for dealing with … Read more
If you no longer live in Canada, you might still have debts in the country. You’re living and perhaps working elsewhere, but you still have a responsibility to pay the debts that you accumulated while living in Canada. Whether or not you are planning to return to Canada, you will likely want to resolve your … Read more
Filing for bankruptcy is usually a last resort when you are struggling with debt. Although bankruptcy can give you a clean financial slate, it’s necessary to consider what other options are available before deciding to take the step to file bankruptcy. If you want to avoid bankruptcy, there are things that you can do to … Read more
Most people have a clear idea of what they’d like their retirement to look like when the time comes. From spending more time with your family to travelling around the world; retirement should be a chance for you to enjoy yourself any way you choose. Unfortunately, unresolved financial issues can have a serious impact on … Read more
When you’re experiencing financial difficulties, it’s important to seek help. However, deciding where to get help from isn’t always easy. There are numerous organizations and companies that advertise their services at ‘debt relief’, ‘debt guidance’, or ‘debt management’. Unfortunately, a lack of regulation means that many of these organizations don’t have any licensed debt professionals … Read more
Using RRSPs to Pay Off Debt Multiple households consider liquidating their investments, things like an RRSP or RRIF fund, in order to pay off your debts and manage their finances. Despite appearing like a good direction, there are many reasons why this will not serve you in the long run. Need Help Reviewing Your Financial … Read more
Ontario, ON Debt Restructuring It’s all too easy for debt to become unmanageable. People often find themselves with credit cards, payday loans, and other kinds of debt that never seems to stop building, no matter how hard they work to pay it all off. This can easily overshadow the good things in a person’s life, … Read more
What Debt Solutions Are Available in Canada? According to a recent survey published in November 2019 by the Manulife Bank of Canada, 2 in 5 Canadians don’t expect to escape debt in their lifetime. What is equally worrying is the fact that almost half of respondents, 45%, say their spending has increased faster than their … Read more
Credit Card Settlement And Your Credit Score Getting the right help with credit card settlement massively reduces how long it affects your credit score. Find out why Credit card debt settlement can be an effective way to reduce your problems with debt. It’s designed to be a solution acceptable to both debtor and creditor. Not … Read more
Protecting Yourself From Your Creditors With a Proposal or Debt Management Plan Although we’d all like to lead a life that’s free of debt, for many of us it becomes unavoidable. Interest rates are low. Access to cheap credit is easy. As such, we can often lean on lines of credit to pay unforeseen expenses … Read more
