Category Archives: Debt Managment

Almost half of Canadians who have credit card debt, say they always or often carry an outstanding balance. In reality, your credit card is a debt card and 12% of Canadians are merely making their minimum payments. That’s not nearly enough.

If you’re one of the 12% who can’t make more than the minimum payment, or if you have more credit debt than you think you can handle, call us today. You have other options. We can help.

 

Understanding your credit report

  YOUR CREDIT REPORT AND HISTORY Taking a loan or using a credit card or anything like buy now pay later, will have a credit history. If you don’t have money to pay for something even a car or a house mortgage, you look for a long term credit. Whenever a financial institution, such as … Read More

Credit Building Tips

Leave a reply You can accrue a low credit score in a surprisingly short amount of time. Through the use of multiple credit cards, we can easily rack up some shockingly high bills, especially when we aren’t filtering our spending habits. Sure, that new refrigerator that you purchased has a great stainless steel finish- and … Read More

Re-establish yout credit

Re-establishing Your Credit History It can be quite challenging to even think about your credit score after going through a harsh event, such as a bankruptcy or a consumer proposal. However, it’s very important to remember that you CAN re-establish your credit history. It may take some time to rebuild your credit score, but it’s … Read More

How To Get Rid of Debt?

How To Get Rid of Debt? Technology has give rise to may new methods of conducting the business like on-line transactions, Mobile Banking, Visa Debit Cards and of course the traditional Credit Cards. These may be issued by Banks or other financial institutions -the applicant gets a line of credit or visa card or some … Read More

One-third of Canadian households living paycheque to paycheque

One-third  of Canadians still live from pay-cheque to pay-cheque, according to Globe and Mail. We can empathize as many have gone through such periods, but do we have to continue this way. Skating on thin ice and peace of mind becomes an elusive goal.

A new survey suggests fewer Canadians are living from paycheque to paycheque, and more are putting money aside for a rainy day or retirement.

But there are still a large number that would face difficulties after one week of not receiving their cheques, and savings rates remain low, the results show.

The survey by the Canadian Payroll Association found 47 per cent saying they would be in financial dire straits if their pay was delayed as little as a week.

Living from Pay-Check to Pay-Check

Living from Pay Check to Pay Check

What happens when the unforeseen happens? Continue reading

5 Debt Management Options to Consider

If your debt has spiralled out of control—make 2014 your year to explore your debt management options…and then act on one. To help you make a solid financial decision for a positive-credit direction we’ve laid your 5 best debt management options below. 5 Debt Management Options to Consider Each of the below options has its … Read More

Consolidation Advice: Is Debt Consolidation a Good Idea for YOU?

Debt consolidation and consolidation advice is absolutely critical to your debt-management plan—because it isn’t for everybody. Debt consolidation is a sensational idea for many, including those paying high interest rates across a myriad of debt sources, but a poor idea for those with lower interest rates but higher balances. So…is consolidation right for you? Consolidation … Read More

Debt Management 101

How far is “too far”? Consider your monthly bill payments, and how much money you usually have left over after you’ve paid them off. After settling your fixed payments (mortgage, utility, and car payments, etc.) and your taxes, what’s left of your earnings  is easily squandered on things that really don’t have an important impact … Read More