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How to Get Approved for a Debt Consolidation Loan

The Last Loan

We wanted to write this blog because we often see patterns regarding triggers for serious financial problems and clear points in time where different choices could have changed the course of the problem. Sure, there are instances where a sudden occurrence, such as a job loss or divorce, can cause abrupt and unexpected financial turmoil, but more often than not people build their financial problem over time. This is evidenced

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Myth vs Fact: Consumer Proposal vs Bankruptcy

Consumer proposals and bankruptcy are often confused with one another because they both involve a Trustee in Bankruptcy. In Canada, the government introduced legislation to protect people who have reached a breaking point with their debt. Over time that legislation has been amended and re-worked to simplify processes and to make the process fair for both creditors and those who owe money. The Superintendent of Bankruptcy is an entity of

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Income Tax Time is Here – Preparing for the 2015 Tax Deadline

Canada’s income tax deadline for the 2014 tax year is right around the corner! While some anticipate refunds and are off to file with bells on, others are dreading this date and even considering not filing because of a tax debt that will follow. First of all, if you think you will owe, not filing is not the answer. You may think it will buy you time, but really all

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Ahead of the Game: Tax Debt Relief Before the Tax Deadline

The deadline for filing your 2014 tax return is fast approaching, and that means getting all of your ducks in a row to be able to meet those tax obligations that often arise once your assessment is returned to you. For those who know they won’t owe, this time of year represents just an added bit of necessary hassle – but for those individuals who either already owe a tax

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Canadian Household Debt – How Do You Stack Up?

Earlier in February, the McKinsey Global Institute released a report regarding debt and global economies, and after surveying 47 countries, listed seven with ‘potential vulnerabilities’ when it comes to household debt. Among these seven is Canada, and the report argues that this Canadian household debt could prove disastrous, leading to further financial instability and a consumer spending slowdown. A recent Globe and Mail article touched on this report, stating that

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Tax Time is Upon Us: Are You Afraid You’ll End Up Owing Money to CRA?

It is that time of year again; soon the tax man will be knocking at the door asking for your 2014 assessment. If you know that your taxes are all in order and are expecting a refund, that is great! However, if you are in the opposite camp, and are afraid that once those taxes are filed you are going to end up owing money to CRA, you might be

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Step into Spring with a Smile: Realistic Ways to Get Rid of Credit Card Debt

Is your credit card debt making it hard to get to sleep at night? Are you finding it hard to focus on daily tasks because of the stress? Are collection agencies calling you or your family members in an attempt to obtain what you owe? Are you avoiding opening bills that you know you can’t pay? If you answered yes to any of these questions, don’t worry, you are not

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DebtCare’s CEO Michael Goldenberg Talks Debt Management Assistance

Debt continues to be something that many Canadian families struggle with. Check out this interview where Mint Intuit sat down with DebtCare CEO Michael Goldenberg to discuss what you should look for when seeking assistance from a debt management company. Check out the full interview here: https://www.mint.com/expert-interview-michael-goldenberg-debt-management-assistance. DebtCare has the experience and knowledge that can help you achieve financial freedom. Call us today at 1-888-890-0888.

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Debt Consolidations – The Dos and Don’ts

Over the last few years, debt consolidations have become a very popular form of debt relief. For various reasons, not least of which are the single monthly payments and the significantly reduced interest, debt consolidations make it easy for those struggling to maintain a hold on their finances to regain a measure of control. That being said, there are some definite dos and don’ts when it comes to debt consolidations.

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More Money, More Problems? The Danger with Payday Loans

It is becoming far more common these days to hear advertisements on the radio, or see gigantic signs when driving down the street, for relief from financial woes in the form of payday loans. These “convenient”, and we use that term very loosely, almost immediate loans claim to offer that extra money to get you through until the next payday – some even use the excuse to treat yourself as

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