Make a Personal Finance Plan for Higher Interest Rates, Mortgages, Line of Credit Payments, and More The new year is upon us. Do you have a personal finance plan for 2019? The Canadian economy is changing. We have already seen the effects of...
There will be no interest rate increase this month, or in February 2019. The Bank of Canada (BOC) announced on January 9, 2019 that the overnight interest rate would remain at 1.75% for the time being – at least until the next announcement...
Happy Holidays from all of us at DebtCare Canada! As much as this season can be about material possessions, we here at DebtCare are remembering what is truly important: love, kinship, and gifts that cannot be seen but are felt in the heart. We...
Good news for 2018: we won’t be seeing any more Bank of Canada interest rate increases this year. On December 5, 2018, the Bank of Canada (BOC) announced that the overnight interest rate would stay at 1.75% for the month of December. The next...
The holidays can be a time of family, love, and joy, but they are also often a source of major stress — financial stress to be exact. Have you considered consolidating your debt to manage that stress? More than half of Canadians say that they...
If you’ve been considering debt consolidation, you may have heard the terms “trustee in bankruptcy” and “debt counsellor.” But do you know the difference? They’re far from the same thing. Here’s what you need to know. Trustee in Bankruptcy...
In a month-and-a-half, it will officially be 2019. What will the future bring for you? If you’re anything like almost 50% of Canadian homeowners, it might bring a mortgage renewal. The Bank of Canada estimates that 47% of residential Canadian...
With rising interest rates and a changing housing market, it pays to know exactly what your home is worth. This can help you determine your equity position, weigh your financing options, and much more. Many home assessment tools cost money...
The Bank of Canada (BOC) has made another interest rate increase. As of October 24, 2018, the BOC interest rate is at 1.75% — the highest it has been since 2008. The Canadian and U.S. economies, job growth, and inflation were all taken into...
With Halloween around the corner, we’re thinking about all of the scary financial situations that Canadians might face. And one of those that tends to spook people the most is a Canada Revenue Agency (CRA) wage garnishment. The CRA has broad...
Refinancing your mortgage can be a great way to consolidate debt and ease your financial standing, but there is one important consideration to make: the timing. If you’re thinking of refinancing your mortgage before your five-year term comes...
Happy Thanksgiving weekend from all of us at DebtCare! We are thankful this year for the opportunity to help Canadians with all types of credit and income. What are you grateful for in 2018? We hope you enjoy the weekend with family, friends...