Blog - Page 21 of 50 - debtcare.ca

CRA Tax Debt Collectors Get More Aggressive

mgoldenberg@debtcare.ca November 15, 2016 No Comments

The Canada Revenue Agency (CRA) has always had a reputation for strict and aggressive collection behaviour. When money is owed, agents will try their hardest to retrieve it. This usually results in extreme stress on the taxpayer and enforcement action that can wreak havoc on their financial stability. What’s worse, those tactics seem to be getting more and more aggressive. If you’ve got CRA tax debt collectors calling, read on.

Frozen Bank Account? You Have Options

mgoldenberg@debtcare.ca November 8, 2016 No Comments

As the weather gets colder, some of us are happy to welcome the brisk cold weather – a break from the heat of the summer months, even if it brings with it some snow and frozen rain. However, when the freezing isn’t just taking place outside, and instead it is your finances taking a hit from Jack Frost, you may be in deeper trouble than you’d care to admit. This

Bankruptcy in Canada – Does Your Trustee Represent You?

mgoldenberg@debtcare.ca November 1, 2016 No Comments

If you are drowning in debt and considering a bankruptcy in Canada or a consumer proposal as a solution for debt relief, you may be thinking that the best approach is to go directly to a trustee. Many trustees advertise that they have a solution to your debt problem, and that is true, but are they acting as your representative? Therein lies the problem. Both a bankruptcy in Canada and

Canadian Consumer Debt News: $200 Increase Could Spell Disaster for Many

mgoldenberg@debtcare.ca October 25, 2016 No Comments

We are continually on the watch for news about Canadian consumer debt and the impacts of certain market conditions such as interest rates and a booming housing market. This week is no different. Last week, the Huffington Post released this alarming article regarding debt levels, entitled “Canadian Debt Levels Would Crush Them If They Were $200 Higher Per Month: Survey.” Discussed within the article is a survey done by consumer insolvency firm

Financial Focus: Canadian Mortgage Interest Rates Have Nowhere to Go But Up

mgoldenberg@debtcare.ca October 19, 2016 No Comments

A few weeks ago, we came across a CBC News article which discussed a recent TransUnion survey, and the results of that survey were quite startling. We’ve spoken before about low interest rates and the fact that many Canadians have taken advantage, but it is clear that those low interest rates have nowhere to go but up. What are the potential impacts of a rate hike? The CBC article enlightened

Consumer Proposal or Debt Consolidation – Which Makes More Sense?

mgoldenberg@debtcare.ca October 11, 2016 No Comments

In our experience, for those looking to get rid of their debt, there is often a lot of confusion surrounding the various options available. With so many different types of debt solutions available, it can be difficult to determine which option is the best. Today, in the hopes of providing some clarification, we discuss two such options: the consumer proposal and debt consolidation. A consumer proposal is a negotiated settlement

Types of Frozen Bank Accounts and What You Can Do

mgoldenberg@debtcare.ca September 27, 2016 No Comments

Last week we talked about wage garnishments, a very common form of collection action, and how to stop them. This week we thought we’d follow up by discussing another very common type of collection action, frozen bank accounts, and what you can do when dealing with the freeze. First things first – what is a frozen bank account? It is just as the term suggests – a bank account wherein

How Can a Business Have Their Wages Garnished?

mgoldenberg@debtcare.ca September 20, 2016 No Comments

Wage garnishments, in the credit collection world, are all too common an occurrence. As a form of collection action, garnishing a person’s wages is often an effective way to retrieve a debt owed, and many collectors view it as the best way to collect. Usually these come in the form of personal wages being garnished, so when businesses have their monies garnished they are often surprised and wondering how this

What to do Before Canadian Interest Rates Rise?

mgoldenberg@debtcare.ca September 13, 2016 No Comments

When it comes to the Canadian economy, the last few years have been a whirlwind of activity. Record low oil prices which hurt the economy and a dollar which fell to levels we haven’t seen in years led the Bank of Canada to drop Canadian interest rates to record lows. For some, a lower interest rate has been a good thing – the ability to afford more and spend less

DebtCare Services May Be Covered Under Your EAP Program

mgoldenberg@debtcare.ca September 8, 2016 No Comments

Did you know that DebtCare Canada is a service provided through many Employee Assistance Programs? If you are having trouble rehabilitating your credit report or are struggling with debt and only getting by on minimum payments, you know that these things can take their toll. Financial issues have long been known to impact productivity levels at work, put stress on one’s family, not to mention cause trouble sleeping and constant

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