Paying Off a Consumer Proposal With a Loan

Paying Off a Consumer Proposal With a Loan

While it may seem bizarre, there are lenders who extend credit to individuals for the purpose of paying off their consumer proposal. This is an attractive option because you can start rebuilding your credit the minute your consumer proposal has been paid off. In fact, the loan used to pay… Read More


How to Manage Debt: Credit Cards, Mortgages, and Beyond

How to Manage Debt: Credit Cards, Mortgages, and Beyond

Debt can come from a variety of sources, mortgages, car loans, and credit cards just to name a few. Regardless of where your debt comes from, it’s an immense burden to carry around and paying it down, while very freeing, sadly can take quite some time. Managing debt typically requires… Read More


8 Simple Strategies To Get Out of Debt

8 Simple Strategies To Get Out of Debt

Canadians (both young and old) are carrying more debt than ever before with recent data showing that the average household owes $1.70 for every $1 of income. The numbers are not encouraging especially when you consider that the average non-mortgage debt stands at $29,312 per person, including… Read More


Everything You Need to Know About Bankruptcy Court in Canada

Everything You Need to Know About Bankruptcy Court in Canada

When consumers find themselves in a dire financial situation that has caused them to be unable to pay their debts, they may have exhausted many options to alleviate their mounting debt issues. But when all options have failed, bankruptcy is typically the last resort. With bankruptcy, your debts would… Read More


Filing a Second Consumer Proposal

Filing a Second Consumer Proposal

When debt woes have got you down, there are options to help you get back up. Depending on where you are on the spectrum of debt issues, there is a program or service that is best suited for you, and a consumer proposal may be it.     Consumer proposals are… Read More


The CRA Collection Process vs. Bankruptcy

The CRA Collection Process vs. Bankruptcy

The Canada Revenue Agency, CRA for short, has a lot of power over taxpayers in Canada, more than you may have originally thought. For this reason, it can be unsettling to be in debt to the CRA. There are many types of debt that CRA collects including, but not limited… Read More


Is Debt Consolidation a Good Idea?

Is Debt Consolidation a Good Idea?

Sponsored by If you’re missing credit card payments and struggling to stay on top of bills, you might be wondering if debt consolidation is a good idea. We connected with our partners at Fairstone to help you decide if a debt consolidation loan is right for you. Here are some… Read More


What is a 100% Consumer Proposal?

What is a 100% Consumer Proposal?

Having too much debt on your plate can not only be financially challenging, but it can also be extremely stressful. Luckily, there are plenty of programs available that are specifically designed to help consumers whittle down their debt and help them achieve financial freedom sooner rather than later One such… Read More


Don’t Fall For These Common Debt Consolidation Myths

Don’t Fall For These Common Debt Consolidation Myths

Sponsored by Fairstone For this blog, we’ve teamed up with our partners at Fairstone. There are quite a few myths associated with debt consolidation, many of which aren’t true. We asked our partners at Fairstone to share the most common misconceptions they hear about debt… Read More


Note:

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Loans Canada and its partners will never ask you for an upfront deposit, upfront fees or upfront insurance payments on a loan. To protect yourself, read more on this topic by visiting our page on loan scams.