Financial Literacy Ending the Cycle of Debt Is personal debt hereditary?  Are there bad credit genes?  While we may not have inherited our credit DNA from our parents, we have learned by their example, for better or worse.   Though Canadian schools have always taught the 3 R’s, Readin’ Ritin’ and Rhithmatic’, the last 30 years...Continue reading

Looking out for Number One or looking after your interests?  We live in a cynical world.  There’s no such thing as a ‘free’ lunch, the flirty waitress is working for tips, and the friend who just praised you to the heavens is probably going to ask for a favor.  Though age and experience has left...Continue reading

Debt Settlement – Time for your Wake Up Call. Aren’t you tired of it all?  The nagging worry… The excuses …The shame.  If living with debt is a nightmare you can’t escape, this is your wake up call. Hitting the Snooze Alarm You’ve tried managing your debt.  Making your minimum payments.  Taking out an extra...Continue reading

WHAT IS DEBT RESTRUCTURING? Your credit-card debt has piled up, the cards are maxed out, perhaps you’ve borrowed money to pay off bills, maybe you’ve gone to the limit on a line of credit and your household debt is completely out of control. You’ve decided it’s time to stop the spiral of debt consuming most...Continue reading

4 Pillars Personal Debt Restructuring: A Bankruptcy Case Study  The Kendells were like many Victoria families.  Two young children, two cars, a hefty mortgage, and a penchant for living slightly beyond their means.  They both held down good jobs, had a bit of savings in the bank.  The grandparents had ensured college would be taken...Continue reading

4 Pillars Personal Debt Restructuring – Growing up in Debt  Cara got her first credit card when she was in University.  They were practically giving them away back then.  It was followed by a popular department store card and another credit card.  By the time she graduated, Cara was carrying a small credit card debt. ...Continue reading

The Costs of Doing Nothing Debt is the single biggest threat to our financial future, yet it is the most overlooked piece of every financial plan. Excessive debt is a problem that many Canadians have to handle. All too often though people put off dealing with it because they either don’t know where to turn...Continue reading

When Settling is NOT a bad thing. There comes a time in everyone’s life when you consider lowering your standards and settling for what’s in front you.  Though not recommended for dating, when it comes to your personal debt, sometimes SETTLING is the beginning to your ‘happily ever after’. Flirting with Disaster As your debt...Continue reading

Debt Help – It’s not a game of chance. Is that a winning lottery ticket burning a hole in your pocket?  No it’s not.  So another jackpot has come and gone, you’re still in debt and someone else is claiming your prize.  Maybe it’s time to change games.  Perhaps you should take a chance on...Continue reading

Debt Restructuring Myths vs Facts Recently I have met a number of people who have been hesitant to file a consumer proposal because they have done their own research and are scared of the process.  There is a plethora of information available on the internet however deciphering fact from fiction can be quite a significant...Continue reading