Articles & Insights
Ontario debt collection laws: what you need to know
Debt collection is one of the most stressful experiences for any Canadian.
Articles & Insights
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Discover More About Debt and Debt Solutions in Canada with helpful articles & debt advice
Explore articles, guides, and videos designed to help you understand your debt relief options, protect your assets, and make informed decisions with confidence.
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How long does a consumer proposal stay on your credit report?
A consumer proposal is an increasingly popular form of debt relief in Canada, and a great alternative to bankruptcy.
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Fastest way to clear credit card debt – what is it?
Debt is challenging for most of us to pay off. There are many causes of debt, and before you know it, it can quickly accumulate. If you find yourself in a situation where your debt is becoming overwhelming, it is important to speak to a Licensed Insolvency Trustee as soon as you can.
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Do you have to pay to go bankrupt?
Bankruptcy is a great method of debt relief for many Canadians. It is the process of assigning any non-exempt assets over to a Licensed Insolvency Trustee in exchange for the clearance of any unsecured debts.
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Debt snowball method – what is it?
The average consumer debt in Canada for Q2 2022 – excluding mortgages – totalled a whopping $21,128, with mortgage borrowing also on the rise year on year.
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Credit counsellor vs Licensed Insolvency Trustee: what’s the difference?
If you have arrived at this article, you are likely trying to understand the difference between a credit counsellor and a Licensed Insolvency Trustee (LIT).
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Canada Repayment Assistance Plan: how does it work?
Ever heard of the Canada Repayment Assistance Plan? It is essentially support offered by the Government of Canada if you are struggling financially and find yourself unable to make your payments on your student loan debt.
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Mortgage foreclosure meaning: a guide
The word ‘foreclosure’ can seem a little intimidating – you may have been threatened with a foreclosure by your mortgage lender, and are perhaps not entirely sure what it means.
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Debt Statute of Limitations Ontario: a guide to Ontario debt collection laws
When it comes to debt collection, each province in Canada has its own laws and regulations. Debt collection itself can be a pretty stressful situation to deal with.
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Power of sale vs foreclosure
In Ontario and the rest of Canada, a mortgage lender is able to take possession of a property if the borrower has not made or is unable to make their mortgage payments.
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Do you inherit debt in Canada?
‘Do you inherit debt in Canada?’ is a frequently asked question, particularly if you know one of your loved ones is in financial difficulty.
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What happens if you don’t pay a collection agency?
Collection calls can be extremely stressful, particularly when you feel harassed and pestered. Struggling with overwhelming debts can be difficult enough without receiving collection calls from collection agencies or debt collectors.
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