How to prioritize payments during COVID 19 Our lives are on hold and for a large number of us, so is our income. Millions are now grappling with the reality that expenses and interest charges will continue to pile up as unemployment and social distancing become the new norm. There’s help on its way through...Continue reading
Just the facts: Canada’s Covid-19 Economic Response Plan Recently the Federal Government announced $52 billion in funding to help Canadians and businesses who are facing hardships as a result of Covid-19 – including a $2,000+ a month benefit to workers directly impacted by the virus. Details on these new Government funds and programs are being...Continue reading
5 Tips to Curb Boredom Spending during Covid-19 As more and more countries put strict social distancing guidelines in place to slow the spread of Covid-19, one of the unfortunate side effects is more time spent online. During China’s main quarantine period in February 2020, QuestMobile noted that daily time spent online via mobile internet rose...Continue reading
20-year financial veteran Paul Murphy explains the best way to manage your money with 7 essential habits. These habits will help you stay out of debt, stick to your budget, and build long-term financial stability. I know that when it comes to managing money, it can sometimes feel like financial security is out of your control....Continue reading
Canada’s bet with debt. Back in 2008, the world was knocked into one of the worst recessions we had seen in decades. Canada was by no means immune. Over-leveraged Canadians lost property and businesses, retirement investments tanked and consumer confidence plummeted. History tells us this kind of downward spiral is very dangerous. To introduce some...Continue reading
This article is written by Paul Murphy, our Vice President and financial literacy expert. Paul has over 20 years experience in the banking and financial service industry. This article was last updated on September 20th, 2018. Last year, we helped thousands of Canadians restructure over XX in debt. As you can imagine, we get a...Continue reading
Debt & Stress: The Relationship Has there ever been a time when there was not a relationship between stress and debt? One only needs to look back to the stock market crash in the 1930’s and how it was called ‘The Great Depression’. Canadian researchers have been studying the issue of coping with heavy debt...Continue reading
Why Durham Clients Choose 4 Pillars for Debt Re-structuring Services As anyone who has been through financially challenging times knows it can be a very emotional experience. Those emotions can range vastly for everyone including: sadness, frustration, embarrassment, anger, isolation, feelings of inadequacy and more. It is very difficult to face up to the challenge...Continue reading
Introduction to Debt Consolidation Today I wanted to clear up some of the possible confusion surrounding debt consolidation. What is debt consolidation and how does it work? What are the pros verses the cons of debt consolidation? Will debt consolidation provide you with the debt help you need? By the end of this article you...Continue reading
First World Problems and Debt You have to admit, in a world of poverty, terror, and the denial of basic human rights, Canadians don’t have a lot to complain about. Not on a global scale. But it’s easy to lose site of how fortunate we are when the pillows at your high end resort are...Continue reading
