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 […]
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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).
Credit counsellor vs Licensed Insolvency Trustee: what’s the difference? More
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
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
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
Debt Statute of Limitations Ontario: a guide to Ontario debt collection laws More
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
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. It
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
Exempt vs non exempt assets in bankruptcy
Many Canadians considering filing bankruptcy as a form of debt relief can become concerned, thinking that they will lose all of their assets in a
Second bankruptcies in Canada: what you need to know
As you are probably well aware if you are searching for second bankruptcies in Canada, filing bankruptcy is a legal process. It is the process
Maximum interest rate in Canada – how much can you be charged?
Interest rates can essentially be considered as the ‘cost’ of borrowing money from lenders. The larger and riskier the loan, the higher the interest rate
Maximum interest rate in Canada – how much can you be charged? More
Increasing cost of living: how to tackle rising prices
It is no secret that an increasing cost of living is causing many households to struggle in recent months, both in Canada and globally. Rising
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