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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How do you know you are in Debt?

There are many warning signs of debt, but many Canadians do not see them.    Part of the reason is because creditors and credit card companies do such a great job at convincing consumers it is perfectly reasonable to only...

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Don’t Marry Debt – Know your Partner’s spending Habits from the Start

You’re getting married and can’t wait to spend the rest of your life to the one you love.  You believe you know your partner in every way, but do you know how your partner manages personal finances? (more…)

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Do you have a Budget for Back to School Shopping? Don’t go into debt!

As August winds down we prepare to wind up for going back to school.  For some, the notion of back to school hasn’t registered, yet for others items like back packs, lunch boxes, binders and wardrobes have already been...

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What Options do you have to resolve Debt?

There are a few different ways available to Canadians to resolve debt trouble.  5 options are listed here: (more…)

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How to deal with Credit Card Debt

Credit card debt is one of the easiest kinds of debt a person can sink into.  Almost every Canadian owns at least one credit card and, on average, uses it at least once a week.  Consider a person who...

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How to save your small business from Bankruptcy

Do you have a business that is drowning in debt?  Are creditors and collection agencies calling to collect? Is bankruptcy threatening your dream of continued entrepreneurship? Do not sign away all your personal property or investments in order to obtain...

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How the Credit and Debt card Code may Change

Canadian consumers may need to prepare for changes in the way purchases are made with an enhanced Code of Conduct for the Credit and Debit Card Industry in Canada.  The current Code of Conduct  is working well, but needs to be...

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What to do if you Lose your Job

You’ve just lost your job.  Your initial reactions may be shock, embarrassment and fear.  You may experience these feelings for a little while, and this is completely acceptable.  After a little while, hope and excitement for a new career should...

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Why Canadians are So much in Debt

We're living in a debt-ridden society; caused by two factors: We are constantly being lured to buy the latest and greatest products on the market; and We don't really understand how debt works. This includes Home Equity Lines of Credit, lines of credit...

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