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...
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...
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...
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...
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...
At our DebtCare Canada offices last week, we had two different clients showing us loans they had taken where the companies giving them these loans should go to jail. When people are stuck in a situation when they have no choice to take on a...
On a daily basis the consultants at DebtCare Canada receive interest from clients who believe what they require is a debt consolidation plan. In most cases, after going through their budget we can demonstrate that their issue has not been...
What is Credit Counseling? Credit counseling is a service which can help you place your financial affairs under control. It is also known as debt counseling and consumer credit counseling. In Canada, credit counseling services are provided by...
What are your rights and responsibilities when dealing with collection agencies? You’re behind in your payments. Debt collectors are calling. What are your rights? How do you stop collection calls? What are your responsibilities? How...
Bankruptcy rate drops in January 4/28/2010 Reference : http://www.thestar.com/business/recession/article/794316–bankruptcy-rate-drops-in-january Madhavi Acharya-Tom Yew Business Reporter Bankruptcies fell in January from the month...
Insolvency Statistics in Canada — January 2010 4/9/2010 Reference: http://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/br02391.html The total number of insolvencies (bankruptcies and proposals) in Canada decreased by 6.7 percent in January 2010 from...
Four-in-ten Canadians retiring with debt, says RBC Poll 4/29/2010 Reference:http://www.google.com/hostednews/canadianpress/article/ALeqM5jF-Qv71o7xoPnzz5QAmaw4EQ8nng TORONTO — A survey by the Royal Bank suggests four-in-10 Canadians over the...
