Category Archives: Debt

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

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

Consumer Debt Proposal vs Bankruptcy—How to Decide Which One is Right for YOU

We’re asked—on a daily basis—about consumer debt proposals vs bankruptcy, and which one is right for you. And the simple answer is….that there is no simple answer. These two, unique, approaches to debt management are unique in their own rights—and offer their own benefits and drawbacks. Having said that however, neither of them should be … Read More

Debt Timelines—What You NEED to Know

In order to properly manage your debt, you need to be informed- it’s that simple. Without adequate knowledge of the timelines associated with being in debt, your problems can swiftly expand in record time. Not surprisingly, overdue debts can have a significant negative impact on your credit score. This is why it’s so paramount to … Read More

Getting out of Debt Without Losing your Assets

Getting out of debt without losing your assets can be difficult. After all, if debt management was easy, more people would be out of debt. It isn’t impossible though. In this article we’re going to talk about how you can get out of debt without losing your home, car or other critical assets… Getting out … Read More

Debt Ratio and your Debt—How it Affects Your Credit and Life

Monitoring your debt ratio is critical to understanding your overall debt load and to improving your credit score. Paying your credit cards and car payment—on-time—is only one portion of maintaining your credit score and your credit rating. There two other primary elements: maintaining a healthy debt-to-income ratio and having a healthy debt ratio. Your Debt-to-Income … Read More

Can Debt Consolidation Help Improve Your Financial Situation?

When an assessment is free, you literally have nothing to lose. Trying to manage a dire financial situation can be exceedingly stressful, and can have a negative impact on your home life. By agreeing to meet with knowledgeable and experienced Certified Credit Counselors, you can finally establish a viable plan that can help improve your … Read More

A Debt-Free Situation Is A Stress-Free Life

When we’re figuratively carrying the “weight of the world” on our shoulders, it can easily lead to high levels of stress. When people are in debt, it can have an impact on their lives, and that’s why stress can be so prevalent for them. Unfortunately, stress can lead to some serious health problems, such as … Read More