Exciting Announcement – Karen Goldenberg Joins the DebtCare Canada Team
DebtCare Canada is proud to announce that Karen Goldenberg has joined the DebtCare team as Director of Community Outreach. Karen is the former CEO of JVS Toronto and brings extensive experience to the DebtCare Canada team having worked with community leaders and some of the most successful private and non-profit charitable health, education and social […]
Debt warnings to Canadian households – Exploring the tips to manage the spiraling debt
If your debt load is more than you have ever expected, you need not fret as you’re not alone. According to the Statistics Canada, the debt-to-income ratios of the Canadian households have reached record highs, ranging somewhere above 148%. This alarming figure shows that the Canadians owe $1.48 on every dollar of their disposable income […]
Canadian bankruptcy filings fall as economy improves
JANET McFARLAND From Saturday’s Globe and Mail Published Friday, Mar. 18, 2011 1:16PM EDT Last updated Friday, Mar. 18, 2011 5:21PM EDT Insolvencies dropped in Canada last year as consumers and businesses benefited from improving economic conditions to avoid bankruptcy. But the trend remains far worse than pre-recession levels, according to new data released Friday […]
Get smart: Ottawa plans crash courses on financial literacy
TARA PERKINS — FINANCIAL SERVICES REPORTER From Wednesday’s Globe and Mail Published Tuesday, Feb. 08, 2011 11:00PM EST Last updated Wednesday, Feb. 09, 2011 5:56PM EST As consumer debt levels soar and baby boomers approach retirement, the federal government is looking at adopting a long list of measures designed to prod Canadians into making smarter […]
Students need an education in debt repayment
DIANNE NICE Globe and Mail Update Published Wednesday, Feb. 16, 2011 12:00AM EST Last updated Thursday, Feb. 17, 2011 11:20AM EST When a bus driver stopped to offer Signa Daum Shanks a free ride on a recent -27 C morning in Saskatoon she couldn’t have been more grateful. With thousands of dollars in student loans […]
Credit card debt dropped during holiday season
TORONTO— The Canadian Press Published Wednesday, Feb. 16, 2011 6:29AM EST Last updated Wednesday, Feb. 16, 2011 6:38AM EST There was a surprising drop in the amount borrowed on credit cards by Canadians during the holiday-laden fourth quarter, but overall non-mortgage debt went up substantially across the country, a credit analysis firm reported Wednesday. TransUnion […]
Household debt surpasses six-figure mark
DIANNE NICE Globe and Mail Update Published Thursday, Feb. 17, 2011 10:31AM EST Last updated Thursday, Feb. 17, 2011 1:19PM EST Canadian average household debt has hit the six-figure mark for the first time, according to a report released Thursday by the Vanier Institute of the Family. The average household debt figure at the end […]
Tips for Maintaining a Household Budget
Maintaining a household budget can be difficult for many people. That’s why a lot of us use credit cards to cover shortfalls. For one thing, it takes real work to build a budget and it takes real work to consistently put the budget into action. Furthermore, people just plain don’t like to cut back on […]
Consumer Debt Statistics
Consumer debt statistics don’t lie. After all, it’s just math right? However, debt is a huge and growing problem in today’s society in both the United States and in Canada. Actually, it is a hole that most of us have dug for ourselves in almost any English speaking country. If you’re seriously straining yourself with […]
The Payday Loan Trap
Payday loans are a recourse that provides people with immediate cash for emergencies. However, due to the ease of application, use and payment options, it can be easy to get into a payday loan trap and wind up paying back eight times more than the original loan amount. With a payday loan, you borrow a […]