Lottery odds – 7/7 numbers – 1 in 28,633,528 Feeling overwhelmed! DEBT can also have that same overwhelming feeling! Countless reasons why Canadians experience overwhelming debt: Divorce Illness Unemployment Economic downturn – Business failure It has been my experience that 1 in 5 is living the life of what I called uncontrolled debt. Every second week … Continue reading Living with overwhelming debt
With the current record levels of consumer debt in Canada there is much talk and discussion about debt restructuring. But what is really meant by this term? Before talking about debt restructuring we need to understand what type of debt it is first. Getting out of debt is not easy. What type of debts do … Continue reading What is debt restructuring?
How Working in the Best Interests of the Debtor Produced a Debt Consolidation for the Ages In January 2014 I met with a gentleman who I immediately realized was extremely cheerful by nature. I don’t want to use his real name, so let’s call him Jerry. It’s a good thing Jerry was naturally cheerful as … Continue reading Debt Consolidation Case Study for a North York, ON Resident
This is a great question. The simple answer to this for most people, would be that debt restructuring is a new arrangement or reorganization of your debt terms. Your debt terms are basically what you agreed to when you first took on the debt. Things like the amount borrowed, the amount of interest that you … Continue reading What is Debt Restructuring?
Why is there so much credit card debt We live in what is called a “Consumer Society” this means that products are bought on credit, so you have it now and pay for it later with interest this is called unsecured debt. It is easy to stay on top of your debt if you pay … Continue reading What is Debt Restructuring
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