Happy Holidays from DebtCare
mgoldenberg@debtcare.ca
December 20, 2017
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The DebtCare team extends our warmest greetings of the season and best wishes for health and happiness in the New Year.
Debtcare Blog
Consumer Corner: Everyone is Recommending a Consumer Proposal When I Want to Go Bankrupt
mgoldenberg@debtcare.ca
December 13, 2017
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Most people understand the concept of bankruptcy – a situation where you surrender everything you own in exchange for debt elimination – but what about a consumer proposal? Perhaps you’ve heard the commercials or done your own research. If you’re in significant debt, having trouble making monthly payments, or just looking for some breathing room, a consumer proposal is a fantastic debt relief option. If you’re looking for a solution
Canada’s Second Mortgage Rate Increase in a Row – What Does it Mean to You?
mgoldenberg@debtcare.ca
December 6, 2017
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Back in September, for the second time this year, the Bank of Canada raised interest rates, leading to the inevitable mortgage rate increase at banks and lending institutions across the country. How does the latest BOC interest rate increase impact you? After seven years of historically low interest rates, analysts and economists predicted that a mortgage rate increase was in the cards. Experts predicted that the BOC would raise rates
Debt Relief for Seniors: A Health Consideration
mgoldenberg@debtcare.ca
November 23, 2017
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Unfortunately, we’ve been receiving more and more calls from people recently inquiring about debt relief for seniors, as more and more people over the age of 65 head into retirement saddled with debt. With an ever-increasing elderly population and more Canadians than ever carrying huge debt loads, debt relief for seniors facing retirement is a growing concern. The Financial Post recently reported that in the last year, the number of
Avoiding a Wage Garnishment or Other Enforcement Action: Protecting Your Information
mgoldenberg@debtcare.ca
November 16, 2017
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If you find yourself drowning in debt, unable to meet your monthly financial obligations, you may soon find yourself facing a wage garnishment or other enforcement action if you don’t take the appropriate steps to deal with the problem. Being in debt isn’t a great feeling, but it doesn’t mean the situation is hopeless. To help avoid having a creditor garnish wages, it pays to be diligent in keeping your
Remembrance Day
mgoldenberg@debtcare.ca
November 8, 2017
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We Remember This weekend we take a moment to remember and thank all of the brave men and women who’ve courageously dedicated their lives to upholding everything we cherish. To those who have sacrificed so much, and continue to do so, we thank you.
CRA Tax Debt? Is a Voluntary Disclosure Application the Answer?
mgoldenberg@debtcare.ca
November 1, 2017
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Did you know about the Canada Revenue Agency (CRA) Taxpayer Relief Program for tax debt relief? If you have a CRA tax debt you’re likely pretty stressed about it, but don’t worry, you are not alone. Dealing with a tax debt takes work, but in order to avoid further aggravating the issue, it is something you need to do right away. Maybe you’ve already considered applying for the CRA’s Taxpayer
Happy Halloween! The Scariest Collection Action of All: Garnished Wages
mgoldenberg@debtcare.ca
October 26, 2017
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In the spirit of Halloween, we decided to dedicate this blog to the most common – and some would even say terrifying – enforcement action a creditor can take against you: a wage garnishment. Yes, it sounds scary and it can be. Having your wages garnished is an extremely unpleasant reality when you’re already struggling with debt. Having your wages garnished means that a creditor has received a court order
Current Home Mortgage Rates – Serious Food for Thought
mgoldenberg@debtcare.ca
October 18, 2017
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In comparison to current home mortgage rates, over the past seven years, Canadians enjoyed relatively low interest rates. While experts repeatedly warned that borrowing costs would eventually have to rise, it didn’t seem to stop people from borrowing and increasing their debt load. Then as predicted, the Bank of Canada hiked rates in July and again in September. Now current home mortgage rates are twice what they were just a
More Regulations Needed for Payday Loan Companies
mgoldenberg@debtcare.ca
October 11, 2017
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You see them on almost every street, in every strip mall, and all over the internet. You hear about them on the radio and see their commercials on television all the time. Payday loan companies are, despite the constant bad press, booming in Canada. While they claim to help those who think they have very few financial options, what they are actually doing is making that individual’s financial situation worse!