Tips for Managing Debt for Canadians 50-plus

Debt is a hard reality for people at any age, but when you are 50-plus it becomes even harder.    It’s even more important for those 50 or older to get a handle on paying down their debt while they...

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A Garage Sale can help you get out of Debt

Depending on how much debt you need resolving, a garage sale can be a helpful way of earning some extra cash.  There is a formula for throwing a successful garage sale and if you want to get the most out...

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How Credit History makes or breaks Credit Score

If you have ever used a credit card or borrowed from a creditor you will have a credit history. (more…)

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Why are Canadians more in debt than Ever?

The Bank of Montreal (TSX-BMO) surveyed 1,005 Canadians on their debt levels and repayment between July 12 and 16.  The poll showed more Canadians are in debt and are taking longer to pay off their debts.  It found that 83 per...

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Why Retired Canadians live in Debt

When we think of retirement we picture a smiling person enjoying a golf game, sitting by a tranquil lake or driving a really cool car.  The overall sensation is relaxation and fulfillment.   We see advertisements everywhere conveying these blissful images that...

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Four Indicators of when you are in Debt

Are you constantly making payments every month and finding you’re getting nowhere?  If so, you’re trapped in debt.  You could have sunk into debt for a number of reasons including losing a job, dealing with a divorce or perhaps you simply...

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Can you recognize a person too deep in Debt?

You can’t judge a book by its cover, just like you cannot recognize a person deep in debt just by looking at them.  Looks can be deceiving.   We do not wear our financial statements for all to see as we do...

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Canadians are saving and spending this Summer 2013

Summer is approaching fast and retailers have been already busy advertising their seasonal goods for some time now.  Are you preparing to buy a few new things to ring in the season? According to a BMO report released last week shows...

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Canadians in Debt with strong Credit Scores declaring Bankruptcy

According to TransUnion and Equifax, 70% of bankruptcy filings are made by indebted Canadians with strong credit scores.  So instead of the usual warning signs creditors had with consumers falling behind on their payments, creditors are surprised with borrowers going...

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How I got into so much Debt – Part 1

Submitted by Guest Blogger  :  I’m not a big spender really.  At least I didn’t think I was.  My parents raised me to “respect” the dollar and the things they bought me, and I understood that money does not grow...

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