As the economy is beginning to show signs of recovery and the physical distancing rules are being eased, various benefits and deferrals mandated by the government are also ending. With the buffer being removed, it is crucial for you to...
Over the past few months, due to the COVID-19 pandemic, financial institutions have provided mortgage deferment options to homeowners to ease the burden of debt. In fact, payments of more than $180 billion in mortgages and home equity lines of...
With the COVID-19 pandemic affecting the overall income of most households, it is wise to re-evaluate your financial plans to ensure that you’re able to pay your debt and retain your assets. This is particularly useful if you’re anticipating...
The Canadian government has launched a number of relief measures to assist Canadians during the COVID-19 crisis. These included the provision of additional benefits, temporary suspension of debt collection activities, and extension of tax...
If you’ve been relying on credit during the COVID-19 pandemic, your credit score has likely taken a hit. But it’s not too late to resolve the damage. Here’s how: Step 1: Deal with outstanding debt. One of the biggest drains to your credit...
The COVID-19 pandemic has impacted economies across the globe and the Canadian economy is no different. Economic uncertainty has led to business closures, unemployment, and a decline in real estate activity. Looking specifically at the real...
What is the best debt consolidation method for you? You might think you know the answer — or have no idea. Either is fine! But if you want to get out of debt for good, it’s time to put the question to the test. Enter our new tool, the online...
Happy Canada Day from the DebtCare Canada team! We hope that you celebrate Canada’s 153rd birthday safely and wish you the best.
Mortgage refinancing is a popular way to get out of debt, but is it the right option for you? During the ongoing COVID-19 pandemic, you may be looking for ways to reduce your debt load. If you own a home, you can use available equity to pay...
Mortgage Affordability Calculator and Debt Repayment Calculator Exciting announcement — we have two great new tools that can help you take control of both your debt payments and your homeownership dreams. Here’s what’s new: Tool #1: Mortgage...
During the COVID-19 pandemic, many Canadians have lost their jobs or are receiving reduced income. But while incomes have declined, debt payments haven’t necessarily done the same. Some lenders offered loan deferrals, but it’s important to...
Since the COVID-19 pandemic hit, many Canadians have been out of work. Statistics Canada found that one-in-five Canadian businesses have laid off more than 80% of their staff. As the unemployment numbers rise, Canadians have turned to federal...