Refinancing your mortgage can be a great way to consolidate debt and ease your financial standing, but there is one important consideration to make: the timing. If you’re thinking of refinancing your mortgage before your five-year term comes...
Happy Thanksgiving weekend from all of us at DebtCare! We are thankful this year for the opportunity to help Canadians with all types of credit and income. What are you grateful for in 2018? We hope you enjoy the weekend with family, friends...
Have you considered filing for bankruptcy or for a consumer proposal in Canada? If so, you’re far from the only one. Insolvency statistics show that bankruptcies and consumer proposals continue to be popular debt management options for...
An important court case involving the Toronto Real Estate Board (TREB) could have big benefits for consumers when it comes to sold house prices. For nearly seven years, TREB has been trying to keep sold house prices private — meaning only real...
How confident are you that you could survive another Canadian interest rate increase? If your answer is “not very” perhaps it is time to consider getting a home equity loan to pay off debt. Since July of 2017, the Bank of Canada (BOC) interest...
The Bank of Canada prime interest rate is remaining at 1.5% for September 2018. On September 5, 2018, the Bank of Canada (BOC) announced its decision to keep rates the same, referencing high gas prices, uncertain trade policies, and a...
Napagtanto ng maraming mga Canadian na maaari nilang maiwasan ang pagkabangkarota (bankruptcy) sa pamamagitan ng mga panukala ng mga mamimili. Sa nakaraan ito ay medyo madaling mag-file ng isang bangkarota. Dati, ang unang pagkakataon na...
Maraming mga tao ang may mga utang sa Canada. Ang mga ahensya ng pagkolekta ay pangkaraniwang inaarkila ng mga pribadong kumpanya upang mangolekta ng pera mula sa mga indibidwal na nag-default. Kapag ang isang kumpanya ay nagtatalaga ng isang...
Consumer proposal vs. bankruptcy — what’s the difference? At first glance, they can appear similar. Both clear your debt, stop collection action, and can harm your credit. But when we get into the nitty-gritty, there are several big things...
Canada Revenue Agency (CRA) collections can be financially and personally devastating. Whether you’re hit with a wage garnishment, frozen bank account, or lien against your property, the effects can be far-reaching. It might impact your...
If you own a home and struggle with debt, you may have considered mortgage refinancing. As we’ve written before, if mortgage refinancing is on your mind, you may want to start the process now, before Canadian interest rates increase any...
The 2018 personal tax filing deadline was April 30, 2018. Seeing as we’re now in August, if you missed it and you owe money, you’ve likely racked up Canada Revenue Agency (CRA) penalties and interest by now. Late-Filing Penalties and Interest...
