Aug192024
Debt consolidation is one of Canada’s most common debt relief options. But what does debt consolidation actually mean? Simplified, debt consolidation refers to combining multiple debts into a single, larger loan to have fewer creditors to worry about and often lower interest rates or monthly payments. There are many debt consolidation options that are available. […]
Aug192024
Struggling with debt can be challenging and very stressful. Finding a way out of it can be even more difficult. For many Canadians, the first thought that comes to mind is bankruptcy, a term fraught with images of losing everything you own. While bankruptcy is one debt relief option, it is not the only one […]
Aug92024
Many Canadians are struggling under the burden of debt and looking for debt relief to help them get their finances back on track. Among the options you may have encountered while doing your research are debt consolidation and debt settlement. While both are designed to help you reduce your debt load, they do so in […]
May62024
Whether you are going through a period of financial hardship, are burdened with credit card debt or have had a significant change in your income, there are many reasons why you may be behind on payments. A consumer proposal is one of the most common debt relief options chosen by Canadians struggling with debt. This […]
May62024
Many Canadians struggle with debt and are looking for options. You might have wondered if debt management or debt settlement might be the right solution for you. To many people, debt management and debt settlement are the same, but while they sound similar, they are not. This blog will examine the differences between debt management […]
Apr172024
Nobody likes to think about death and its consequences, but it is a critical topic to be aware of when it comes to your debt. It creates several questions: Will your family inherit your outstanding debts? Who will be responsible to pay them off? Can your creditors take legal action against your family? Is there […]
Apr152024
For most Canadians, a house is the most extensive and most expensive purchase of their life. In most cases, this means financing through a mortgage and monthly payments. However, mortgage payments are usually the most significant monthly obligations, so when financial issues arise, they can quickly become the biggest problem. If you fall behind on […]
Apr102024
If you have dealt with overdue bills, whether a credit card, bank loan or other debt, you may have been contacted by a collection agency demanding payment. Many lenders send overdue accounts to these agencies or sell the account for pennies on the dollar to recover at least part of the money owed. The collection […]
Mar142024
If you have ever tried to get a credit card or a credit at a financial institution, you will have come across the terms “credit check” and “credit score.” So, if you have been wondering where this comes from, there is a third term, “credit bureaus.” Credit bureaus monitor your credit history and log files […]
Feb292024
For many Canadians, the first thought when thinking about bankruptcy is, “I’m going to lose everything.” However, even in bankruptcy, there are assets that you can keep, known as bankruptcy exemptions. Every province and territory has their exemptions besides the federally regulated exemptions. In Ontario, the exemptions are set out in the Execution Act of […]
