The Loans Canada Blog

What is Debt Forgiveness in Canada?

What is Debt Forgiveness in Canada?

When it comes to consumer debt, being in over your head can be extremely stressful. When you are struggling to make minimum payments, missing payments or dodging calls from collectors, you need help. To learn more about the minimum payment trap,… Read More


Does the Federal Government Provide Debt Relief?

Does the Federal Government Provide Debt Relief?

Struggling with debt on a daily basis is an all-to-familiar circumstance for thousands of Canadians. Some can handle it on their own, while others need some help, as the debt they have is simply too large, or they lack the financial knowledge to deal with the debt independently. Read More


Bankruptcy in Ontario

Bankruptcy in Ontario

Do you have mounting debt that you can’t seem to climb out of? Are you having trouble keeping up with all of your debt payments? Do you have high-interest debt that makes it almost impossible to pay down the principal? If so, you’re not alone. Thousands of Ontarians… Read More


What Do I Do if Mortgage Rates Increase While I’m Trying to Buy a House?

What Do I Do if Mortgage Rates Increase While I’m Trying to Buy a House?

The most affordable mortgages are those that come with the lowest interest rates. The lower the rate, the less money you’ll have to pay for the interest portion of your mortgage, making the overall home loan much more affordable in the long run. Read More


Credit and Debt Counselling: How to Break Free of the Cycle of Debt

Credit and Debt Counselling: How to Break Free of the Cycle of Debt

The cycle of debt is a scary and unfortunately very common occurrence. The cycle occurs when continuous borrowing, to get ahead, eventually leads to more and more debt. Soon enough, interest charges become a significant cost which will make the debt get even larger. Of course,… Read More


Can I Transfer My Loan to Someone Else?

Can I Transfer My Loan to Someone Else?

Whether you’ve taken out a loan to pay for a home, a car, a college education, or any other major expense, you obviously needed some financial assistance to make that purchase. But what if you no longer require the loan at some point as a result of a… Read More


Bankruptcy in Saskatchewan

Bankruptcy in Saskatchewan

Consumer debt is becoming an increasingly serious issue in Canada, with the average non-mortgage debt in the country hovering around the $22,125 mark. Carrying a heavy debt load often creates a higher risk of defaulting on loan obligations. When that happens, Canadians are vulnerable to being hounded by… Read More


Payday Loans in Ontario, Debtors Can’t Seem to Break The Cycle

Payday Loans in Ontario, Debtors Can’t Seem to Break The Cycle

Depside the government of Ontario’s interference, payday loans in the province don’t seem to be going anywhere. At the beginning of 2017, the Ontario government took measures to reduce the amount payday lenders were able to charge their borrowers per $100, from $21 down to $18. And now in… Read More


How Much Will it Cost me to Declare Bankruptcy in Canada?

How Much Will it Cost me to Declare Bankruptcy in Canada?

Debt is something that most people will encounter and have to deal with at some point in their lives. Whether you are getting student loans for university, need a car loan for a new vehicle, or need to… Read More


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