Facing wage garnishment is a stressful and overwhelming experience, adding strain and uncertainty to your already difficult financial situation. In Canada, creditors have the legal authority to garnish wages to recover unpaid debts. This means a set amount of money will be taken out of your paycheque and given to creditors each payday. If you’re … Continue reading How to Stop Wage Garnishment After It Starts in Canada
20-year financial veteran Paul Murphy shows how to rebuild your credit in Canada, the mechanics of how credit ratings are calculated, and why missing a payment or two isn’t as large a factor in credit ratings as you might think. Today, I want to answer one of the biggest questions we get: how to rebuild my … Continue reading How to Rebuild Your Credit in Canada with 12 Little-Known Actions (2025 Update)
This article is by Paul Murphy, our VP and financial literacy expert with 15+ years of investment and banking industry experience. If you’ve ever floated a balance on a credit card, you’ve likely asked yourself: how does credit card interest work in Canada?
I think you’ll really agree with me when I say that the debt industry is really confusing, especially when it comes to consumer proposal vs. bankruptcy. You have credit counselling societies, bankruptcy trustees, debt settlement firms, consolidation loans, consumer proposals, and a lot of different views on how you should deal with your debt. The … Continue reading Consumer Proposal vs Bankruptcy – How to Choose Wisely in 2025
Determining which route is best for you can be difficult for dealing with your debt. That’s why we’ve created our interactive debt calculator.
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