Blog - Page 40 of 50 - debtcare.ca

Getting Out of Debt Blog Series #4: Debt Settlement

mgoldenberg@debtcare.ca August 27, 2013 No Comments

With the average consumer debt load in Canada at an all-time high, it is unfortunately not surprising to see companies popping up everywhere offering solutions to your debt problems through a debt settlement. But be wary; unlike consumer proposals, bankruptcies and debt consolidations, debt settlements, depending on the company, can sometimes come with more negatives than positives. This 4th blog in our ‘getting out of debt blog series’ looks at

Getting Out of Debt Blog Series #3: Debt Consolidation

mgoldenberg@debtcare.ca August 20, 2013 No Comments

When debt is taking over your life it can be difficult to see the light at the end of the tunnel. Mounting monthly payments that include mostly interest can become difficult to meet and missed payments can lead to collection calls or other enforcement action. You are not alone – many Canadians are dealing with heavy debt loads and don’t know where to turn. This 3rd blog in our ‘getting

Getting Out of Debt Blog Series #2: Bankruptcy

mgoldenberg@debtcare.ca August 12, 2013 No Comments

There are thousands of Canadians facing a mountain of debt that can seem impossible to overcome. For many individuals, it can often seem as though there is nowhere to turn as far as getting out of debt – but there is hope. It never helps to ignore the problem or let the stress of high debt levels control your life. The second blog in our back-to-basics ‘getting out of debt

Getting Out of Debt Blog Series #1: Consumer Proposal

mgoldenberg@debtcare.ca August 6, 2013 No Comments

With summer winding down and consumer debt levels remaining at all-time highs, we thought it was a good time for a back-to-basics ‘getting out of debt blog’ to help you ease into fall with less worries on your plate. This first blog in the series will talk about the consumer proposal, giving you the ins and outs to help you better understand your options for getting out of debt. Other

Summer Debt Relief: Tips to Reduce Your Debt

mgoldenberg@debtcare.ca July 22, 2013 No Comments

Over the summer many families find that debt rises with the temperatures; vacations, weekends away, daily outings, etc. can all leave the wallet feeling very light. If you entered the summer drowning in debt, the worst thing that you can do over the summer is add to that. Instead, use this time to make some financial changes and reduce you debt rather than continuing to build it up. Here are

The Globe and Mail Reports on Canadian Consumer Debt

mgoldenberg@debtcare.ca July 16, 2013 No Comments

The Globe and Mail recently reported on the status of Canadian consumer debt levels, stating that Canadian household debt continues to grow. With that said, individuals seem to be obtaining less credit and the Bank of Canada reports being less concerned about this debt than in years past. However, a report from Statistics Canada calculated the average household debt at $164.97 for every $100 of disposable income, slightly higher than

Collection Agency Harassment: How to Stop the Calls

mgoldenberg@debtcare.ca July 16, 2013 No Comments

Canadians have become so accustomed to carrying debt, and for some being in debt has become the norm. It is true that the vast majority of Canadians do have debt and when debt accumulates to the point where you are defaulting on monthly payments, the debt you have can be the source of considerable stress. This is especially true if your creditor has sent your debt to a collection company

Canada Day: Are You Sticking to Your Debt Reduction Strategies?

mgoldenberg@debtcare.ca July 2, 2013 No Comments

Happy Canada Day everyone! July 1st marks the half-way point of the year, and it is time to look back at the last six months and see how well you have managed thus far to stick to your New Year’s resolution. If you, like so many other Canadians, made a resolution involving your personal debt reduction but seem to be falling behind, you may not actually like this glance back.

How to Get Your Bank Account Unfrozen

mgoldenberg@debtcare.ca June 24, 2013 No Comments

Having your bank account frozen is not fun. A frozen bank account will paralyze your ability to pay your bills because essentially money can go in but no money can go out. Depending on who the authority freezing your bank account was, you may or may not have an opportunity to get your account unfrozen and then get some or all of your money back. Let’s begin by reviewing who

Canada Revenue Agency Got You Down? Here Are Some Tips for Dealing with the Tax Man

mgoldenberg@debtcare.ca June 17, 2013 No Comments

Owing money to the Canada Revenue Agency is by far one of the scariest financial challenges that many Canadian taxpayers face. The Canada Revenue Agency is not an average creditor because they are part of the federal government. They have significant authority with respect to enforcing tax compliance and collecting tax debts. This authority includes (without a court order or notice to you): Pursuing criminal charges under the Income Tax

Debtcare Blog

Debt Relief Program

Credit Repair Program

Access Financial Help

Free e-Book!