If you’ve been relying on credit during the COVID-19 pandemic, your credit score has likely taken a hit. But it’s not too late to resolve the damage. Here’s how: Step 1: Deal with outstanding debt. One of the biggest drains to your credit...
The COVID-19 pandemic has impacted economies across the globe and the Canadian economy is no different. Economic uncertainty has led to business closures, unemployment, and a decline in real estate activity. Looking specifically at the real...
What is the best debt consolidation method for you? You might think you know the answer — or have no idea. Either is fine! But if you want to get out of debt for good, it’s time to put the question to the test. Enter our new tool, the online...
Happy Canada Day from the DebtCare Canada team! We hope that you celebrate Canada’s 153rd birthday safely and wish you the best.
Find out exactly how much house you can afford! We’re excited to offer a new online tool that can help you make your homebuying dreams a reality. The new mortgage calculator lets you quickly assess your financial standing to see exactly what...
Mortgage refinancing is a popular way to get out of debt, but is it the right option for you? During the ongoing COVID-19 pandemic, you may be looking for ways to reduce your debt load. If you own a home, you can use available equity to pay...
Mortgage Affordability Calculator and Debt Repayment Calculator Exciting announcement — we have two great new tools that can help you take control of both your debt payments and your homeownership dreams. Here’s what’s new: Tool #1: Mortgage...
During the COVID-19 pandemic, many Canadians have lost their jobs or are receiving reduced income. But while incomes have declined, debt payments haven’t necessarily done the same. Some lenders offered loan deferrals, but it’s important to...
Since the COVID-19 pandemic hit, many Canadians have been out of work. Statistics Canada found that one-in-five Canadian businesses have laid off more than 80% of their staff. As the unemployment numbers rise, Canadians have turned to federal...
The new Canadian income tax filing deadline is coming up soon — on June 1, 2020. Is your return ready to file? Due to COVID-19, the income tax filing deadline was moved from the usual April 30 to June 1. If you owe, the deadline to pay has...
Canadian insolvency statistics — the number of people who file for bankruptcy or for consumer proposal in a month or year — give us a good insight into the state of consumer and business debt in our country. The March 2020 insolvency numbers...
With the COVID-19 pandemic ongoing, many debts have been deferred or suspended. For instance, Canada’s big banks have been offering mortgage deferrals on a case-by-case basis. The Government of Canada has temporarily suspended federal student...