Blog

Becoming a parent is often the most wonderful and magical time of person’s life, but it can be difficult to enjoy the miracle of creating life when you are burdened by financial debt. Raising a child is not cheap, and all the prospective bills can seem catastrophic for a couple in debt. However, there are ways to manage it.  Read More

Debt--a word no one wants to hear. Getting into debt can have lasting results on your credit score, and therefore your financial future, not to mention the stress and grief it can cause. When faced with crippling debt, many people’s first reaction is to keep it secret.  Read More

You can often feel trapped by your finances. If you’ve been neglecting debt because of your inability to pay it, or you aren’t sure what your payment options are, you might be feeling the pressure of growing financial debt.  Read More

Being unable to pay for bills is very common - in fact, nearly every Canadian has been faced with this reality at some point in her or his life, borrowing from one credit card to pay for another one.  Read More

Debt counselling can help consumers who have incurred significant debt achieve financial freedom. Some of the warning signs of accumulating debt include: If any of these things describe your current financial situation, you may be in need of debt counselling.  Read More

When it comes to raising funds to start or grow a business, you can either leverage your assets or borrow the needed funds externally.  Read More

When a loved one passes away, the survivors usually assume that all debts, including mortgage, loans, and credit card debt are automatically transferred to the next of kin. But this is not accurate. Generally, debts cannot be transferred through death or even marriage.  Read More

In Canada, the statute of limitations prohibits creditors from collecting or suing for unsecured debt in certain situations after a certain time period has passed. Keep in mind that the debt still exists, however it can not be collected by the creditor. Expiry places you in a favourable position to negotiate a good settlement.  Read More

Millennials – those born in the 1980’s and early 1990’s – account for the largest working generation today, yet they have been unfortunate to enter one of the toughest job markets in recent history. A good number of millennials got their first post-college jobs around the time of the 2008 Great Recession.  Read More

If you’re having difficulty paying your bills and loans on time, debt counselling can help you get your finances back in order. The primary objectives of credit counselling is to provide you with the necessary tools to get you out of debt, prevent debt problems, and liberate you from spending habits that may result in debt.  Read More