New Rules for Prepaid Credit Cards

Finance Minister Jim Flaherty announced new regulations for the prepaid credit card market Wednesday, October 24, 2012, requiring what the finance minister called “reasonable disclosure” and eliminating some things about the cards the finance minister says are “quite unfair”. The...

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Why Payday Loans Will sink you into Debt

The Bank of Canada has just corrected their statistics on Canadians debt ratio from 150% (estimated in the summer 2012) to be now 162% - which is just about where the United States was right before their economy collapsed. ...

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How to save money and avoid more debt while preparing for Halloween

Welcome October – the month of changing leaf colours, harvested crops, plump pumpkins and scary scarecrows.  It is also the month of crafty retailers baiting consumers and anxious trick-or-treaters with pricey Halloween decorations and popular candy.  Who wouldn’t want...

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What Creditors Can and Cannot do when collecting on Debt

If you are experiencing debt trouble, live in accordance with Ontario legislation, and wonder how your creditors will handle your outstanding bills, you should be aware of what creditors can and cannot do to collect. (more…)

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Canadians are still over their heads in Debt

The media has been swirling lately with reports and polls from various banks that show Canadians are continuing to overspend, and many are comfortable with their debt level.  (more…)

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