Financial Literacy | Articles

Psychological and Financial Consequences of Being in Debt

By Paul Murphy

Debt Help, Debt in Canada, Financial Literacy

Consequences of Being in Debt You Didn’t Know About: Psychological and Financial Debt is an all-too-common burden for many individuals and families in Canada. While the financial pressures of debt are widely acknowledged, there are numerous lesser-known consequences that can significantly impact various aspects of your life, both emotionally and practically. In this article, we … Continue reading Psychological and Financial Consequences of Being in Debt →

Switching from Bankruptcy to Consumer Proposal in Canada

By Paul Murphy

4 Pillars News, Best Ways to Get Out of Debt, Financial Literacy

Bankruptcy has serious consequences on an individual’s financial standing, which is why many Canadian debtors consider switching from bankruptcy to a consumer proposal instead. It is well known that a consumer proposal has less of an impact on your credit than bankruptcy, but is switching to a consumer proposal possible? In this article, we’ll explore … Continue reading Switching from Bankruptcy to Consumer Proposal in Canada →

Financial Literacy And Debt Management

By Allan W

Debt Help, Debt Restructuring, Debt Settlement, Debt Solutions, Financial Literacy

When it comes to our finances, most of us could use a little more education. To help shed some light on the subject, let’s discuss financial literacy and debt management. We’ll talk about what these concepts mean, and why they are valuable in terms of financial planning. Also, we’ll also provide tips for improving … Continue reading Financial Literacy And Debt Management →

The FCAC – a finger in the dam?

By Reg Rocha

Credit Card Debt, Credit in Canada, Debt 101, Debt in Canada, Debt Management Industry, Financial Literacy, Household Debt

As I wrote previously, the Financial Consumer Agency of Canada (FCAC) was established in 2001 by Financial Consumer Agency of Canada Act to: “ensure that financial institutions, external complaints bodies and payment card network operators are supervised by an agency of the Government of Canada so as to contribute to the protection of consumers of … Continue reading The FCAC – a finger in the dam? →

Inflation squeezes those in debt even harder

By Reg Rocha

Debt in Canada, Debt Management Industry, Financial Literacy, Household Debt, Personal Finance

Inflation squeezes those in debt even harder. September 5, 2018: Today, the Governor Stephen Poloz, released the Bank of Canada’s most recent decision on national interest rates. As expected, he indicated there would not be a rate increase at this time, even while inflation rates continue to hover at the outer edges of their comfort … Continue reading Inflation squeezes those in debt even harder →

Category: Financial Literacy

Psychological and Financial Consequences of Being in Debt

Switching from Bankruptcy to Consumer Proposal in Canada

Financial Literacy And Debt Management

The FCAC – a finger in the dam?

Inflation squeezes those in debt even harder

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