The Loans Canada Blog

Consumer Proposals in British Columbia

Consumer Proposals in British Columbia

Consumer debt is a major problem in British Columbia and Canada as a whole. In BC, the average amount of consumer debt (not including mortgage debt) currently sits at $23,522, which is just above the national average of $22,125. That’s a lot of… Read More


What Does Bankruptcy Discharge Mean?

What Does Bankruptcy Discharge Mean?

If you’ve had serious financial hardship in the past that prevented you from being able to repay your debts, you may have filed for personal bankruptcy. As a last resort to eliminate your debts, bankruptcy can get your creditors off your back and end the collection calls. It… Read More


Bankruptcy in New Brunswick

Bankruptcy in New Brunswick

Most Canadians have some form of credit. It can be challenging to rent a car, book a hotel, or buy theatre tickets without providing a credit card number. We use this credit because our credit history becomes important when we consider buying a… Read More


Credit Counselling in Newfoundland and Labrador

Credit Counselling in Newfoundland and Labrador

The amount of consumer debt in Canada is high and has been on the rise for the past several years. No province is immune to that rise in debt, but there are some provinces that are doing better than others. Unfortunately for those… Read More


What is the Bankruptcy and Insolvency Act?

What is the Bankruptcy and Insolvency Act?

If you ever have significant trouble paying your bills and become insolvent, you may consider filing for bankruptcy. Doing so will eliminate all of your debts to help you start over, financially speaking. By claiming bankruptcy, you can finally be rid of all… Read More


How to Stop Collection Harassment in Canada

How to Stop Collection Harassment in Canada

Having debt is a way of life for many people, as most of us cannot afford to buy a home with cash only. However, there are tens of thousands of Canadians out there struggling with other types of debts that can stem from unpaid credit… Read More


How to Get a Car Loan After Repossession

How to Get a Car Loan After Repossession

Mounting debt is becoming a real issue in Canada, with the average Canadian consumer carrying $22,125 in non-mortgage debt. That’s a hefty load that can take years to pay down, especially if much of it comes with a high-interest rate. And car loans… Read More


Bankruptcy in Alberta

Bankruptcy in Alberta

Alberta residents enjoy one of the highest median incomes in the entire country. The residents in the province work hard and are rewarded with solid wages. However, when people make more, they tend to spend more and that is the problem many Albertans are facing. Add… Read More


Credit Counselling in Prince Edward Island

Credit Counselling in Prince Edward Island

Each province has their own struggles with debt from time to time, but few have it as bad as Prince Edward Island. While PEI doesn’t have the most consumer debt in terms of the amount it carries per capita, they do have one… Read More


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