Getting Prepared: Consolidate Your Debt Long Before the Holidays
With the end of September fast approaching, that means the seasons are officially changing. It also means that the holiday season is only 3 short months away. If you are in debt, this can become a stressful time, very quickly. People often rack up considerable debt over the summer months, with family vacations and the […]
Financial Focus: Wage Garnishments in Ontario
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 […]
Faceoff – Canadian Bankruptcy Trustees vs. Canadian Debt Counsellors
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 […]
Back to School Blues? Consolidate Credit Cards and Stop the Interest
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 […]
Ontario Bankruptcy Trustees – Who They Are and How They Advertise!
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 […]
Missed the Small Business Tax Deadline? Canadian Tax Penalties, Interest and Options!
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 […]
Does a Consumer Proposal in Canada Stay on Your Credit for 7 Years?
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 […]
Filing a Consumer Proposal in Canada – Does it Make the Most Sense for You?
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 […]
You Can Stop a Wage Garnishment in Ontario – Here Are Your Options!
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 […]
Rebuilding Credit: Bad Credit Rating Doesn’t Always Just Disappear After a Few Years
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 […]