Summer Debt Relief: Tips to Reduce Your Debt
Over the summer many families find that debt rises with the temperatures; vacations, weekends away, daily outings, etc. can all leave the wallet feeling very light. If you entered the summer drowning in debt, the worst thing that you can do over the summer is add to that. Instead, use this time to make some […]
The Globe and Mail Reports on Canadian Consumer Debt
The Globe and Mail recently reported on the status of Canadian consumer debt levels, stating that Canadian household debt continues to grow. With that said, individuals seem to be obtaining less credit and the Bank of Canada reports being less concerned about this debt than in years past. However, a report from Statistics Canada calculated […]
Collection Agency Harassment: How to Stop the Calls
Canadians have become so accustomed to carrying debt, and for some being in debt has become the norm. It is true that the vast majority of Canadians do have debt and when debt accumulates to the point where you are defaulting on monthly payments, the debt you have can be the source of considerable stress. […]
Canada Day: Are You Sticking to Your Debt Reduction Strategies?
Happy Canada Day everyone! July 1st marks the half-way point of the year, and it is time to look back at the last six months and see how well you have managed thus far to stick to your New Year’s resolution. If you, like so many other Canadians, made a resolution involving your personal debt […]
How to Get Your Bank Account Unfrozen
Having your bank account frozen is not fun. A frozen bank account will paralyze your ability to pay your bills because essentially money can go in but no money can go out. Depending on who the authority freezing your bank account was, you may or may not have an opportunity to get your account unfrozen […]
Canada Revenue Agency Got You Down? Here Are Some Tips for Dealing with the Tax Man
Owing money to the Canada Revenue Agency is by far one of the scariest financial challenges that many Canadian taxpayers face. The Canada Revenue Agency is not an average creditor because they are part of the federal government. They have significant authority with respect to enforcing tax compliance and collecting tax debts. This authority includes […]
What is R9 Credit and How Can I Get Rid of It?
Many individuals who have an R9 on their credit report will often reference their credit as ‘R9 credit’, as though R9 is the credit rating. Credit reports have an over-all rating. This is a number between 300 and 900. This rating is calculated based on everything that is listed on your credit report. 300 represents […]
How to Deal with Credit Report Errors
Thousands of Canadians have credit report errors on their credit reports – the scary part is many of them don’t even know it. Credit report errors most commonly occur when your creditors don’t accurately report information to your credit report. The reason credit report errors are so common is because the data is reported electronically […]
Can You Really Trust An Ontario Bankruptcy Trustee
Before you can determine if you can trust an Ontario bankruptcy trustee, you first have to understand what an Ontario bankruptcy trustee is and what his or her role in a bankruptcy or consumer proposal is. An Ontario bankruptcy trustee is an individual or a corporation that is licensed by the Superintendent of Bankruptcy. Bankruptcy […]
How to Check Your Credit Score?
In Canada, a credit report and credit score is used by many different institutions, including banks, credit agencies, and even employers. These documents contain important information about your borrowing and repayment habits, and provide a detailed account of your past financial history. Even though these reports are so important, many Canadians are not familiar with […]