Blog - Page 27 of 50 - debtcare.ca

Financial Focus: Wage Garnishments in Ontario

mgoldenberg@debtcare.ca September 16, 2015 No Comments

Nothing is worse than getting your wages garnished, and it seems as though this is happening with increased frequency – many Canadian individuals are facing wage garnishments in Ontario as a result of debts in collections, CRA tax debts, or Family Responsibility. No matter how you slice it, wage garnishments are brutal, and carry with them various personal and professional consequences. For example, not only will this type of collection

Faceoff – Canadian Bankruptcy Trustees vs. Canadian Debt Counsellors

mgoldenberg@debtcare.ca September 9, 2015 No Comments

When you are struggling to make even the minimum monthly payments to bills, or worse, having to choose which bills to pay each month, it is probably time to consider professional financial help to get things back on track. But how can you best determine which route is the right one, and who you should elect to stand in your corner? We can help. Today’s topic: the financial faceoff –

Back to School Blues? Consolidate Credit Cards and Stop the Interest

mgoldenberg@debtcare.ca September 2, 2015 No Comments

The back to school season, particularly for parents, is often a very hectic time of year, especially with regard to finances. The need/desire for new school clothes, shoes and supplies often leaves parents with racked up credit cards once all is said and done – or rather, purchased. And often accompanying these credit card bills is the challenge of finding money to pay them off. Check out this infographic from

Ontario Bankruptcy Trustees – Who They Are and How They Advertise!

mgoldenberg@debtcare.ca August 26, 2015 No Comments

Debt consolidation, get out of debt, debt relief: it is hard to turn on the radio or television these days and not hear one or all of these phrases. Why? Because so many Canadians are facing financial challenges thanks to the ease with which credit is granted coupled with high (credit card) interest. The temptation to pay on credit can quickly lead to getting in over your head, and then

Missed the Small Business Tax Deadline? Canadian Tax Penalties, Interest and Options!

mgoldenberg@debtcare.ca August 19, 2015 No Comments

Running a business is tough! Most small business owners are experts in their individual trades, but not necessarily experts in all aspects of business – or other businesses for that matter. For example, you may know how to unclog a toilet, or even install one, but you wouldn’t necessarily want to take on the task of outfitting the plumbing for an entire house. The same is often true when it

Does a Consumer Proposal in Canada Stay on Your Credit for 7 Years?

mgoldenberg@debtcare.ca August 12, 2015 No Comments

Many people choose a consumer proposal in Canada to get finances back on track. These represent a great debt relief option because you can settle your debt, often reduce the total balance to be repaid, freeze interest and consolidate the various monthly bills into one single, monthly payment. Of course, as with any debt relief solution, there are implications for your credit, and we are often asked what those implications

Your Rights: Canada Revenue Agency Collections Policy

mgoldenberg@debtcare.ca August 5, 2015 No Comments

With this year’s tax deadline long gone, for many individuals, the stress that comes with income tax filing is also long forgotten. However, if you are one of the many Canadians now stuck dealing with a tax debt, the stress may just be in its infancy, growing exponentially as the days pass and interest continues to accumulate. How well do you know the Canada Revenue Agency collections policy? Of course

Filing a Consumer Proposal in Canada – Does it Make the Most Sense for You?

mgoldenberg@debtcare.ca July 29, 2015 No Comments

The frequency with which Canadians are filing consumer proposals in order to get back on solid financial ground has increased significantly in the last few years. The reason is fairly obvious; the ability to stop collection action, halt interest, combine all payments into one, and often to negotiate for a smaller repayment amount, make filing a consumer proposals in Canada a very attractive debt relief option. However, because a consumer

You Can Stop a Wage Garnishment in Ontario – Here Are Your Options!

mgoldenberg@debtcare.ca July 22, 2015 No Comments

Wage garnishments impact thousands of people every day – and can come as a most unpleasant surprise for those individuals. Beyond the financial implications, a wage garnishment in Ontario can have serious consequences in other areas of your life. For example, if you work for someone else, once that individual receives a Notice of Garnishment regarding the wage garnishment, they will be fully aware of your financial problem and thus

Rebuilding Credit: Bad Credit Rating Doesn’t Always Just Disappear After a Few Years

mgoldenberg@debtcare.ca July 15, 2015 No Comments

It is a very common misconception that bad credit just “disappears” once debts are paid and your credit behaviour improves. However, past credit activity doesn’t just evaporate into thin air with a few months (even a few years) of good behaviour. Rebuilding credit takes some work. For example, if you file for bankruptcy in January of year one, pay on time, every month, and are discharged in January of year

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