Are you struggling with unpaid debt in Kelowna, BC? Know that you aren’t alone! In 2023, Kelowna ranked number 6 in the list of Canadian cities with the highest consumer debt per capita with an average of $100k+ owed per person. There’s no question that debt is a prevalent issue among Kelowna residents. We know...Continue reading

Debt Consolidation. It’s a term which tends to cause a lot of concern and confusion. We are commonly asked: “is debt consolidation a scam?”, “how does debt consolidation affect your credit?”, “should I do it?”. The truth is, most Canadians don’t really understand debt consolidation, or how it can make paying off debt easier.  In...Continue reading

While consumer proposals are commonly associated with licensed insolvency trustees and debt relief specialists, many wonder if it’s possible to handle it on their own to save money. A consumer proposal is a legal agreement to pay back some of your debt and, in the process, be protected from creditors. The rules around debt resolution...Continue reading

A consumer proposal is an incredibly valuable tool for relieving your debts. You can have some of your debts forgiven without enduring the same financial repercussions as a bankruptcy. However, as many Canadians kickstart their own small businesses, it becomes harder to understand what debts qualify for a consumer proposal. Popular questions we get are...Continue reading

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

Taxes and debt relief are two of the most complex aspects of Canada’s financial system. Going through a debt management process like a consumer proposal or bankruptcy is tricky as is, but it’s made even more difficult when considering how they change your tax filings and refunds. This blog will demystify the connection between a...Continue reading

Filing for bankruptcy is a difficult decision, but the decision is made even harder when you’re a renter. The ability to rent a place to live is very dependent on an individual’s credit history, with bankruptcy taking a major toll on one’s credit. As the cost of living has increased tremendously, more people in Canada...Continue reading

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

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

Here’s a breakdown of the 10 best debt relief companies in Canada using review data available on the independent site Trustpilot. Quick Answer: Best Debt Relief Companies in Canada (2026) If you’re looking for a fast answer, here are Canada’s top-rated debt relief companies based on verified Trustpilot reviews, organized by the type of help...Continue reading