Blog - Page 22 of 50 - debtcare.ca

The Only Ways to Stop a Wage Garnishment without Going to Court

mgoldenberg@debtcare.ca August 23, 2016 No Comments

A wage garnishment put in place to repay a creditor can be a terrible thing to deal with. The knowledge that a significant portion of your income is being taken from you before you even see it, money that would usually go towards paying for things you need, can be hard to swallow, and it can be tough to know where to turn for help. This blog deals with wage

2016 Tax Penalties and Interest for Small Business Owners

mgoldenberg@debtcare.ca August 16, 2016 No Comments

The tax deadline for businesses has officially come and gone, and many business owners have dealt with the stress and can now relax for another year. However, if you are one those who’ve yet to file, for a variety of reasons, and know that you will owe money, you can expect to find tax penalties and interest applied when you do finally get around to filing. What are those

Is Refinancing a First Mortgage the Best Choice?

mgoldenberg@debtcare.ca August 9, 2016 No Comments

When you are looking to refinance your home to pay off debts or to cover a big ticket purchase, you have many options. You can head to the bank for a personal loan or line of credit, can turn to your credit cards, or can think about using your home to finance. Today we cover the latter – refinancing a first mortgage – and whether it is the best choice.

Beware of Toronto Debt Consultants – What You Need to Know

mgoldenberg@debtcare.ca August 3, 2016 No Comments

Toronto debt consultants are great because they can help you get out of debt and get in between you and the trustees and banks to help you negotiate the best deal when financially restructuring. What is important to note, however, is that there are different types of debt consultants – and not all are created equal. As with any industry, you have to take care when vetting a service provider.

Back to Basics: Collection Agency Harassment and Your Rights

mgoldenberg@debtcare.ca July 26, 2016 No Comments

When you have debts that you are unable to pay, your creditors will not just sit back and wait for you to find the money. Creditors have resources available to them to retrieve what is owed, and most will take advantage of them within a very short period of time. The most common is a collection agency – a company that intervenes on your creditor’s behalf to recover money owed.

HST Input Tax Credit Alert: If You’re Behind Filing, 4 Years is Your Limit

mgoldenberg@debtcare.ca July 19, 2016 No Comments

If you own your own business, you know that your HST input tax credit can be a valuable resource financially. As a GST/HST registrant, the ability to recover the GST/HST you paid or owe on purchases and expenses related to your commercial activities by claiming input tax credits can be a big help, especially when you owe a tax debt. That being said, many business owners fall behind filing their

Get Out of Debt: Structure Your Second Mortgage as a Loan

mgoldenberg@debtcare.ca July 12, 2016 No Comments

When you’re struggling to meet your monthly payments and constantly stressing over those credit card bills, it may be difficult to move outside of that bubble and remember that, if you’re a homeowner with equity, you have a very valuable resource just sitting there. Many homeowners don’t realize that their homes are one of the least expensive ways out of debt. That is, depending on how you structure your loan.

In the News: Google to Ban Payday Loan Advertising

mgoldenberg@debtcare.ca July 5, 2016 No Comments

We’ve all heard the ads on the radio and seen the signs. Get money, fast, without a credit check. Payday loan companies are all over the place and people often see them as a quick fix for financial troubles – but buyer beware – payday loans are hazardous. They are probably one of the highest interest credit products out there! Not only are they problematic because of high interest rates,

Property Lien Alert: What You Need to Know if You’re a Homeowner and Owe CRA

mgoldenberg@debtcare.ca June 28, 2016 No Comments

If you filed your taxes on time in April, you’ve probably received your assessment. If you’re in the clear, or received a refund, great! However, if you owe the Canada Revenue Agency (CRA) and own your home, you need to be beware – a property lien may just be headed your way. A CRA property lien is a common type of enforcement action used to assist in the collection of

Consumer Proposal Vs. Second Mortgage – Which Makes More Sense

mgoldenberg@debtcare.ca June 21, 2016 No Comments

Clients often come to us seeking viable debt solutions, but are unsure what those debt solutions are. Most people are aware of some of the options available, but not all, and are sometimes surprised to learnthat accessing the equity in their homes through a second mortgage is a great way to get out of debt. Once they’ve learned this, their next question is which option makes the most sense –

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