Debt management vs debt settlement – what’s the difference?
Debt is a growing problem for many Canadians. With a rising cost of living and increasing interest rates, it is all too easy to slip into missed payments.
Debt is a growing problem for many Canadians. With a rising cost of living and increasing interest rates, it is all too easy to slip into missed payments.
Perhaps you are a dual citizen of both the US and Canada, or an American looking to move to Canada.
If you are drowning in debt and living paycheque to paycheque, you may well be considering bankruptcy to gain debt relief. Bankruptcy is the process of assigning any non-exempt assets you may have over to your Licensed Insolvency Trustee in exchange for the clearance of your unsecured debt.
For most Canadians, a car is an essential for day to day life, whether it is for commuting, for leisure, or for seeing family and friends.
With a rising cost of living and increasing interest rates in Canada, you may find that your mortgage payments become more difficult to make.
More Canadians than ever before are facing huge student loans upon leaving school. What is even more concerning is that many individuals with student loan debts are finding them increasingly difficult to repay.
The amount of tax debt that goes uncollected each year in Canada is estimated to be around $23 billion.
The logic behind student loans is a good one. The government invest money in you via student loans so that you can take the further education you need.
With a steadily increasing cost of living in Canada paired with rising interest rates, it is easier than ever to have a missed mortgage payment.
For a growing number of Canadians, it is a truth that is a bitter pill to swallow – ‘my mortgage is too expensive’.
Perhaps you have discovered that your bank has seized money from your bank account to go towards the repayment of a debt that you owe them.
If you are renting while you live in Canada, you likely know how difficult the housing market is across the country right now.