Leamington
Help, I Can’t Pay My Bills If you’re struggling to pay your bills, you’re not alone. More than a third of Canadians have difficulties managing their day-to-day finances and keeping up to date with their bills. Whether you’re experiencing problems because of rising interest rates, a loss of income or spiralling debt, you can take … 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
What Are My Rights as a Debtor? Debt collectors have a nasty reputation for treating debtors poorly. Whether it’s threatening them with repossession or humiliating you, debt collectors can be surprisingly ruthless with their methods. But this raises a question; is any of these legal? Can they actually do the things they claim and is … Read more
Watch Out For Your “TEMPO” to Avoid Impulse Shopping / Spending Impulse shopping and spending is a major problem these days. Thanks to the internet, advertisements are not only thrown at us on virtually every website, but they’re targeted specifically at us because it reads the types of products we’ve been searching and our interests. … Read more
When is a Consumer Debt Proposal Right For Me? When it comes to resolving your financial troubles, a consumer proposal is just one of the many solutions for debt relief. However, it’s not without its disadvantages, we’re going to dive deeper into the subject and explain if it’s a good idea or not. Need Help … Read more
What Can I Do if I Was Declined for a Debt Consolidation Loan? Paying back your debts can be much easier with a consolidation loan. However, there are situations in which you might be declined for one. Thankfully, there are a handful of alternatives to consider if you’re having money problems that keep piling up … Read more
Take Advantage of Free Bankruptcy Counselling Bankruptcy might be one of the possibilities that you are considering after researching how to deal with your debts. It is usually a last resort, but it is often the best solution for those dealing with issues of debt and struggling to make payments. If you are interested in … Read more
Rising Interest Rates in Canada Could Cripple You Rising interest rates can get you into financial trouble if you have debts. As interest rates increase, your repayments for various debts can start to become larger. It can make it more difficult for you to make your payments and to pay them on time. One of … Read more
Filing A Second Consumer Proposal: Is It Possible? A consumer proposal offers an alternative to bankruptcy in Canada. If you have filed a consumer proposal before, you might be wondering whether it is possible to do it a second time. Although your first consumer proposal might have helped you to get out of debt, there … Read more
Small Business Owners: Bankruptcy Issues to Consider In 2018, 0.7 businesses in every 1,000 in Canada went into bankruptcy, and a further 0.2 in every 1,000 businesses filed a proposal. With around 1.8 million businesses in Canada, that’s about 1,600 insolvent businesses per year. Small business owners often find themselves struggling under the weight of … Read more
Ontario Bankruptcy Laws Help You Get Out of Debt Before you file for bankruptcy in Ontario, you must be aware of the laws and legislation in place. As of right now, there are four specific legislations put in place that govern bankruptcy law. These are: The Canadian Bankruptcy and Insolvency Act (BIA); Limitations Act; … Read more
Keeping your House and Going Bankrupt Filing for bankruptcy is often seen as the last-ditch solution for anyone in debt. When all other options have been exhausted, this can help you become debt-free and have a fresh financial start. It’s not for everyone, and there are some concerns that many people have. Namely, can you … Read more
Find Out Whether Budgeting is a Waste of Time Make a budget. This is one of the most prevalent forms of financial advice out there. If you’re suffering from money problems or looking to get out of debt, then a budget can help you – right? It seems like an obvious answer. Of course budgets … Read more
How Much Does a Consumer Proposal Cost in Canada? Wondering what a consumer proposal will actually cost you each month? In Canada, the cost of a consumer proposal is based on what you can reasonably afford and what your creditors expect to receive—not on an hourly fee from your Licensed Insolvency Trustee (LIT). Trustee fees … Read more
What are the Main Advantages Of Filing Bankruptcy? Filing bankruptcy in Canada could be a smart decision for you and your personal finances. However, this differs from individual to individual. Debt problems take many forms, meaning one solution might not be perfect for the entire population. If you need debt relief help, and you’re considering … Read more
What Bankruptcy Options are Available in Canada? There’s not a single person in the world who would want to declare bankruptcy. If you want to find out which options are available to you in Canada, then this is the guide for you. Below you will find out everything you need to know about making the … Read more
Tips on How to Deal With Your Creditors When you’re in debt, dealing with creditors is an inevitable part of resolving your situation. Despite this, many people try to avoid communicating with creditors. If you’re unable to make your minimum repayments or your accounts are in arrears, avoiding phone calls and ignoring the mail can … Read more
What are the Pros and Cons of Going Bankrupt? Filing for bankruptcy is a big decision, so it’s essential to consider the potential benefits and drawbacks before you move forward. Although bankruptcy can be the most effective way to deal with your debt, it isn’t necessarily the right choice for everyone. By assessing the pros … Read more
Tips on Stopping Creditor Harassment Dealing with debt can feel overwhelming and even scary at times but it doesn’t have to. By learning more about debt management and your rights, you can stop creditor harassment and find a better way to handle your finances. If you’re currently in debt and you’re being hounded by creditors … Read more
