Blog - Page 43 of 50 - debtcare.ca

Finding Debt Relief from Holiday Credit Card Bills

mgoldenberg@debtcare.ca January 14, 2013 No Comments

Credit cards are scary because they are easy to run up and then difficult to pay down. Did you know that last year it was reported that the average Canadian is carrying over $40,000 in unsecured debt? If you are one of these Canadians then you probably had credit card debt before you even started holiday shopping! Now the holiday shopping credit card bills are rolling in and you are

Getting Out of Debt in the New Year

mgoldenberg@debtcare.ca January 7, 2013 No Comments

So the holidays are over and no doubt the holiday bills have started rolling in. It is easy to do serious financial damage during the holidays. Debt can take a mere couple of weeks to rack up, but can take months and even years to pay off. Getting out of debt in the New Year is on many families’ ‘to-do’ lists, but getting out of debt is easier said than

Top 5 Tips for Financial Fitness in 2013

mgoldenberg@debtcare.ca January 2, 2013 No Comments

The holidays are behind us and 2013 has officially arrived. The holidays were a time for family and cheer; the New Year is an opportunity for new beginnings. If your New Year’s resolution involves getting financially fit, then this is the article for you! Here Are DebtCare’s “Top 5 Tips for Financial Fitness in 2013”: Financial Fitness Tip #1 – Determine what you really spend. For one week, closely monitor

Small Businesses Can Be Subject to a Wage Garnishment From The CRA Too But How?

mgoldenberg@debtcare.ca December 24, 2012 No Comments

Starting a successful small business takes hard work and perseverance. Unfortunately, small business owners are one of the largest groups that find themselves with tax problems. One of the main reasons why small business owners commonly run into trouble with the CRA is because it is tough starting a business and generally in the first couple of years small businesses are not really profitable. In many cases, small business owners

Late Filing of Income Tax Returns – How Late is Too Late?

mgoldenberg@debtcare.ca December 17, 2012 No Comments

With tax time right around the corner, some folks are already getting their receipts in order. Others however are not so concerned with filing their taxes on time because they are already late filing for previous years. If you find yourself in the latter group, you may want to think about changing your tax filing strategy. Late filing of income tax returns is a slippery slope, often with a snow

Stopping Collection Action before the Holidays

mgoldenberg@debtcare.ca December 10, 2012 No Comments

The holidays should be a time for joy and family, not a time to be stressed out about your finances and trying to deal with bill collectors. Bill collectors are employees of collection agencies, and it doesn’t matter to them what time of the year it is. If a bill collector has been hired to collect a debt he or she will proceed with collection action. When bill collectors begin

Post-Holiday Debt Consolidation… Bah Humbug!

mgoldenberg@debtcare.ca December 3, 2012 No Comments

This holiday season is forecasted to be a big one in the area of personal spending. This trend has been gradually increasing over the last few years, especially in the area of e-commerce spending, and retailers are gearing up for the boom. Over the holiday season, so many families find themselves using their credit cards to make ends meet. The holiday is a special time with the family and the

Rent-to-Own is Investing in Real-Estate and The Home Buyer Too – Find Out What You Need to Know Before Renting to Own

mgoldenberg@debtcare.ca November 26, 2012 No Comments

Investing in real estate is not how it once was. Recent changes to CMHC lending guidelines have made it increasingly difficult for individuals and families to purchase homes. In the past year, Canadians have seen CMHC reduce maximum mortgage amortizations from 35 years, to 30 years, and most recently down to 25 years. They have also tightened up other lending guidelines and reduced the number of products they will high

Credit Card Payment Calculator – How Long Will it Really Take to Pay off Your Credit Cards

mgoldenberg@debtcare.ca November 19, 2012 No Comments

You likely stumbled upon this article looking for an online credit card payment calculator or for information about using a credit card payment calculator because you are looking to calculate ways to pay off your credit card debt. There are many different debt and credit card payment calculators out there but seeking one out at this point may not make sense. Having too much credit card debt can present a

Is a Consumer Proposal a Debt Consolidation Loan?

mgoldenberg@debtcare.ca November 12, 2012 No Comments

When looking for a solution to a financial problem or accumulated debt, you will find that there are many services available that offer different things. Banks and finance companies traditionally offer debt consolidation loans, while trustees in bankruptcy deal with debt through bankruptcies and consumer proposals. Debt consolidations involve consolidating debt into a single payment and debt consolidation loans have very similar characteristics to consumer proposals. A consumer proposal involves

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