Debts
Do you feel overwhelmed and hopeless about your financial difficulties? Perhaps you consider bankruptcy as your only way out. Before you make any hasty decisions, let’s explore all your options. Bankruptcy should be your last resort, as it can have significant long-term consequences on your future finances. In this article, we will delve into the […]
Every year, more and more Canadians are choosing to file consumer proposals as a way to get relief from soul-crushing debt. If you are considering restructuring your debt without having to declare bankruptcy, you should consider filing a consumer proposal. It is often a painful and humbling decision, but it can be the best thing […]
Did you know that Canadians owe more than $90 billion in credit card debt? Clearly, credit card debt has become a common issue faced by many Canadians. If you find yourself drowning in credit card debt, you may be wondering how to negotiate a settlement on your own. This article will guide you through the […]
Credit cards have become the default payment option for many people, with them being used to purchase everything from family holidays to weekly groceries. If you manage them properly, credit cards are an excellent financial tool that you can use to earn perks such as travel points, cashback, or insurance protection. However, carrying forward a […]
Debt can sometimes feel like a dirty word. But the truth of the matter is, most Canadians have some type of debt. Whether it’s a mortgage, line of credit, car loan, or even credit card – you likely have some debt. (Don’t worry, debt isn’t necessarily a bad thing!) If you have any type of […]
Debt and financial hardship can feel like a never-ending, downward spiral. As interest compounds, the amount you owe can grow at a staggering rate. If things ever get to this point, it is time to admit that you need immediate financial help in Canada. Luckily for you, there are plenty of resources and services to […]
Do you struggle to keep pace with multiple debts? Perhaps you have high-interest credit card debt or multiple loans cause you financial stress. If you seek to simplify your debt and take control of your finances, then debt consolidation could deliver that solution. In this ultimate guide, we’ll explore everything you need to know about […]
The average Canadian carries at least two credit cards in their wallet. People use credit cards for many different reasons. Some use them to collect rewards on their purchases, and some to build their credit rating. Others use credit cards because they don’t have the money to cover their purchases. If they don’t pay off […]
Declaring bankruptcy in Alberta is a straightforward legal process countless Albertans navigate each year. For many people, declaring bankruptcy serves as the best option to handle debt and interest costs they could never pay. The individual circumstances that lead to these financial challenges are unique. Often, they arise from compounding factors over time rather than […]
Debt consolidation could be the answer you’re looking for. Are you struggling to keep track of multiple debts and their payments? Are you constantly paying interest on your credit card but and balance never comes down? Debt consolidation eliminates the never-ending headaches and can help you to pay down your debts faster. In some circumstances, […]
Large unexpected expenses or life-altering events like a job loss or a physical injury can often leave people in financial distress, especially if you don’t have an emergency fund to fall back on. This can be stressful as your bills, debts, and other financial obligations don’t stop and will have a negative impact on your […]
A debt jubilee is a type of large-scale debt forgiveness program. Will Canadians get one? Over the last 20 years, Canadians have gradually accumulated more and more debt. With some of the highest debt-to-GDP ratios among developed countries, the average Canadian consumer carries $1.77 in debts owed for every $1 they earn, as of the […]
