What is Debt-to-Income Ratio and How to Calculate It?

What is Debt-to-Income Ratio and How to Calculate It?

Learning about the ins and outs of personal finance can be a difficult process as there is a lot to learn. However, if you want to be financially healthy, it’s important that you are informed. One helpful personal finance tip that everyone should know about, but very few… Read More


Will I Lose My RRSPs if I Declare Bankruptcy?

Will I Lose My RRSPs if I Declare Bankruptcy?

Sometimes, an individual or a family can feel like they are drowning in debt and can’t see any way out. In some cases, it’s poor spending habits that have resulted in consumer debt. Some people run into bad luck with an illness, an… Read More


The Foreclosure Process in Canada

The Foreclosure Process in Canada

Foreclosure is a scary word. It’s a highly unpleasant process that involves a homeowner potentially losing possession of their home as a result of failing to keep up with their regular mortgage payments. Unfortunately, many Canadians find themselves in foreclosure every year, or… Read More


The 5 Main Reasons Why People are Declined for Debt Consolidation Loans

The 5 Main Reasons Why People are Declined for Debt Consolidation Loans

When credit users struggle with debt, a debt consolidation loan is often their best option. These types of loans are typically beneficial for all parties involved as the borrower gets the debt relief they need and the lender receives the money they are owed. However,… Read More


Debt Consolidation Loans: What To Do If Your Application Gets Denied

Debt Consolidation Loans: What To Do If Your Application Gets Denied

While borrowing has almost always been common in Canada, the level of household debt amongst Canadian borrowers has certainly risen over the years. High-interest credit card debt is one of the most often seen forms of debt that people struggle with at one point or another, although debt… Read More


How to Deal With Rising Interest Rates In Canada

How to Deal With Rising Interest Rates In Canada

On Wednesday, July 12th, 2017, with the hopes of giving our country’s economy a much-needed boom, the Bank of Canada raised their benchmark interest rate from 0.5% to 0.75%, equal to about $50 more a month for the average $480,000 variable-rate mortgage. This marks the first rise in… Read More


Consolidation: What Is It and How Can It Help My Financial Situation?

Consolidation: What Is It and How Can It Help My Financial Situation?

The number one reality of using loan and credit products? You need to be responsible with them, making your regular payments in full and on time always. Unfortunately, this is a notion that a lot of borrowers don’t consider properly before they sign on the dotted line. Those… Read More


What Happens if I Stop Paying My Credit Card Bill?

What Happens if I Stop Paying My Credit Card Bill?

In North America, debt is a serious problem, particularly when it comes to unsecured credit card debt. Unfortunately, credit cards can be just as much of a burden as they can be a useful financial tool. The responsible use of a credit card (paying your bills on time… Read More


Loans and Programs to Help You Get Out of Debt

Loans and Programs to Help You Get Out of Debt

In Canada, there are many different kinds of debt consumers can have; some good, some bad. Unfortunately, debt issues are something that many of us will one day have to deal with, as we go through life, using our credit cards, buying cars, and securing mortgages. Read More


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