Nov
12
2012
Overspending is a real issue for many Canadians and despite the apparent public access to credit counseling, many of us do not stick to a monthly budget, and sink into debt. With updated statistics showing Canadian consumers with a...
Nov
05
2012
What is debt consolidation?
A debt consolidation is a single loan (generally from a financial institution) that allows you to repay your debts to several or all of your creditors at once.
You are then left with only one outstanding loan —...
Oct
29
2012
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...
Oct
22
2012
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. ...
Oct
15
2012
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...
Oct
08
2012
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…)
Oct
01
2012
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…)
Sep
24
2012
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...
Sep
17
2012
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…)
Aug
20
2012
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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