Feb62025
If you’re considering a consumer proposal, you may be wondering about its long-term effects. A consumer proposal can be an excellent way to manage debt and avoid bankruptcy, but it’s essential to understand how it will impact your financial life moving forward. In this blog, we’ll cover everything from credit score implications to emotional and […]
Feb22025
If you’re in Ontario, Canada, and looking for a way to manage your debts without declaring bankruptcy, a consumer proposal might be the right path. It’s a structured solution where you negotiate reduced payments with your creditors, all under the guidance of a Licensed Insolvency Trustee (LIT). But how long does it actually take to […]
Jan292025
If you’re dealing with unpaid taxes, the possibility of the Canada Revenue Agency (CRA) freezing your bank account can be a major concern. Unfortunately, this is a step the CRA can take to enforce tax collection. It’s a severe measure, but understanding how and why it happens—and what you can do about it—can make all […]
Jan242025
If you’re currently working through a consumer proposal, you might be wondering: can you pay it off early? The short answer is yes. But is it the right move for you? Paying off a consumer proposal ahead of schedule can open doors to faster financial freedom and better credit, but there are also some important […]
Jan222025
Dealing with debt can feel overwhelming, but a consumer proposal offers a structured way to regain control. However, if you’re considering this option, how will this affect my credit report? Understanding the impact on your credit score and knowing how to recover from it are key steps to getting back on track. In this guide, […]
Jan192025
If debt is weighing you down, a consumer proposal might seem the perfect way to hit reset. It’s a formal legal debt relief option available in Canada, offering a structured repayment plan that’s often more manageable, with a considerable portion of your debt being wiped out after all obligations are fulfilled. But before you jump […]
Jan142025
If you’re dealing with serious debt issues, it can feel overwhelming trying to figure out where to start or who to turn to. Licensed Insolvency Trustees (LITs) are the professionals you need when navigating debt relief and insolvency options. But what exactly do they do, and how can they help you get back on the […]
Jan72025
Many Canadians are facing the dilemma of having to choose between paying off debt and building an emergency fund. While debt repayment is important, having a small financial cushion can be the safety net that can prevent future debt when you get hit by unexpected expenses. By creating this buffer, you can give yourself financial […]
Dec132024
The Link Between Debt and Mental Health Debt is more than just a financial issue; it can be the source of significant emotional and psychological stress that can seriously affect your mental health. The emotional toll can be heavy, whether it’s unpaid bills, loans or rising credit card debt. Constantly having to worry about your […]
Nov152024
Debt can feel overwhelming, especially when faced with credit card debt, personal loans, or pay day loans. However, there is good news! Negotiating with creditors is a proactive step that can lead to favourable results like reduced interest rates, extended payment terms, or eliminated late fees. At Chande Debt Solutions, we have helped many individuals […]
