What is the true cost of servicing debt? Consider this, our standard file: $50,000 of credit card debt. If the person would like to pay the $50,000 off in 5 years, they would have to pay an estimated $1,541.67 per month for 60 months. Therefore, the total payback = $92,500 In order to pay back...Continue reading
I recently heard one particular Bankruptcy Trustee, now known as Licensed Insolvency Trustee(LIT), advertise free financial advice. What does that mean? Does it mean a free one hour consultation? Or could it be they will file a consumer proposal or a bankruptcy for you and you don’t pay them any fees? Whatever it means, nothing...Continue reading
School’s Out: What You’ve Learned from Debt Students all over the country are graduating, moving on to bright futures and unlimited possibilities with the confidence that they can accomplish anything they set their minds to. Oh, to be that optimistic again! Oh, to be 18 or 21 and venturing out on your own for the...Continue reading
Knowledge is Power: Learning about Debt Ignorance is bliss, unless you’re trying to have a conversation with it. The world is full of so-called experts claiming to know what is right for you. They try to dictate what you wear, how you eat, where you shop, even where you learn. A lot of this so-called...Continue reading
The Top Ten Questions about Consumer Proposals Searching for answers when you’re having financial difficulties is a grim task. You’ll hear scary words like “bankruptcy,” “unsecured debts,” and “asset liquidation”. Thankfully there are a lot of options available for those that find themselves mired uncomfortably in debt. A consumer proposal is an alternative to bankruptcy,...Continue reading
Breaking Up with Debt Some relationships were meant to last forever, others tend to run their course. Some end on good terms, others not so much. Sometimes you’re the one being dumped, sometimes you’re the one calling it quits. Some relationships are so toxic that you don’t realize how bad they are until you’re finally...Continue reading
Debt and Emergency Preparedness When is an emergency really an emergency? To some it’s an emergency when you need a snack and your chocolate bar gets stuck in the vending machine. Of course the folks at 911 will probably tell you that’s more of an inconvenience. By definition an Emergency is “a serious, unexpected, and...Continue reading
Have your stress levels reached a boiling point with your debt? Learn about a consumer proposal You have debt and the payments have become unmanageable and your stress has reached a near boiling point. Now what? What do you do? Your answer is: Debt Restructuring. When you are looking for a debt management plan though,...Continue reading
Debt War Veterans There’s a war raging in Canada, it’s a war against debt. And right now DEBT seems to be winning. The casualties are high as people lose their homes, financial security, even their families due to debt. Though the collateral damage is far reaching, the tide is turning as more and more Canadian...Continue reading
Booking your summer vacation from Debt Before you know it the kids will be out of school for the summer. And they have big plans for your wallet. Summer camp, amusement parks, waterslides, a week at the lake, a few days with their cool aunt in the city, and of course child care because unlike...Continue reading
