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
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
Debt Management Products For Credit Users
Having trouble handling your mountain of debt? Don’t worry, you’re definitely not alone. In fact, debt troubles are a common issue for many Canadian credit users out there. What’s important, if your debt is becoming a problem, is that you take the proper steps to stop it from… Read More
The Countdown to Christmas: 12 Days of Financial Advice
As of today, we are officially in the home stretch to Christmas, with only 12 days to go, we hope you’re taking some time to relax, hang out with those you love, and make sure your finances are on track so you can finish out the year with no debt… Read More
Are You More Interested in Having a Good Credit Score or Being Debt Free?
We discuss credit scores, credit reports, and credit rating a lot. Along with topics like getting out of debt and budgeting, they are probably the most talked about personal finances topics out there. There are two reasons for this. One, we’re told by lenders, banks, creditors, and credit agencies… Read More
Debt Limitation Periods
If you currently have any type of debt, are having trouble keeping up with your payments, or are simply looking to be as informed as possible about your rights and responsibilities as a borrower, then you need to know what the limitation periods for debt collection are. What do we… Read More
Canadian Consumer Insolvencies, April 2016
The Office of the Superintendent of Bankruptcy Canada has released statistics concerning consumer insolvency across Canada for the month of April. With issues in the oil-producing provinces, high consumer debt levels throughout the entire country and the volatile housing market, these insolvency statistics paint a picture of the current financial… Read More
Selling Your Home to Become Debt Free
The average price of a house in Canada, especially those in Vancouver and Toronto, has skyrocketed over the past few years. If you were lucky enough to have purchased your house before the housing market boom, your investment fortunately worked out for you and you probably have quite a lot… Read More
What is Consumer Debt?
Pretty much everyone understands the concept of debt, yet, not everyone understands exactly what kind of debt they have. If you do not know what the difference between all your different debts is, then this article is a must-read. Understanding the difference between certain types of debt is a necessity… Read More