Financial News

The Consumer Protection Act

Canada has laws governing the way companies can go about the sale of goods and services. Laws are in place…

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Scholarship Entrant Gets Creative

As you know, we’re still accepting essay submissions for our scholarship. A recent entry from a current doctorate student showcases…

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Ready for a Restart? Your Guide to Financially Recovering from COVID-19

The COVID-19 pandemic brought financial turmoil to thousands of Canadians. In October 2020, a third of Canadians thought that financially…

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How to Check Your Credit Score

The average Canadian consumer needs a few things to perform many financial tasks. Usually, you need income and credit to…

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What is “RRSP Season” and Why Should Canadians Care?

No matter what stage you’re at in life, it’s always important to think about retirement. Planning for your Golden Years…

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Joe Torraca

Are Middle-Income Canadians Sinking Fast?

A new poll shows they’re struggling just to stay afloat The pandemic might be ending, but the financial struggles for…

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How long does it take to rebuild credit?

Credit is a tool that lenders use to assess a borrower’s creditworthiness. Usually, credit evaluations happen before extending financing. Lenders…

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How to Remove Collections From A Credit Report in Canada

Some people have the unenviable need to remove collections from their credit reports. Do you have a collection entry on…

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Jeffrey Schwartz

What do you know about your consumer rights?

Dealing with your finances can be overwhelming, especially if you don’t have accurate facts about your consumer rights. A recent study by…

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Steps to File Bankruptcy in Canada

When you are dealing with a massive debt load, what are your options to get out of debt? “One strategy…

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Money Management Education for College Students

As part of our effort to empower people with financial knowledge, Consolidated Credit Canada offers a scholarship to qualifying Canadian…

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Your Debt Collection Questions Answered

Surprisingly, even financially stable people have debts with collections agencies. With life’s ups and downs, it’s easy for a phone…

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Common Retirement Questions: You Need the Answers

When you approach retirement, it’s important to have your finances in order. You’ll need to assess if your retirement savings…

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Challenges of buying a home with bad credit

If you’ve got bad credit because of a bankruptcy, a consumer proposal or other credit problems, it can be challenging…

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Is there a statute of limitations on credit card debt?

Credit card debt can be a difficult cycle. Interest rates add up. Missed payments. Calls from collectors and creditors. Threats…

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Canadian Debt-to-Asset Ratio Increased After Pandemic

The COVID-19 pandemic continues to bring financial instability with increased debt-to-asset ratio. With mass job loss in Canada and decreased…

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Making a CERB Repayment Post Covid 19

COVID-19 demolished thousands of jobs and impacted many industries across Canada. Just in January 2021, Canada lost 213,000 jobs. Luckily,…

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What happens after bankruptcy?

Before one declares bankruptcy, you might be wondering what the process looks like. In this article, Debt.ca explores what happens…

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Jeffrey Schwartz

How to shut down FOMO to avoid debt problems

Don’t underestimate the impact of your emotions when it comes to spending. There is psychology behind why you buy. If…

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The Collection Agencies Act and Your Rights

The Collection Agencies Act can help Canadians dealing with abusive and harassing collectors. From dodging constant collections calls to exaggerated…

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What are the Top 7 Credit Score Myths

Are you a believer in any of the credit myths below? Credit scores are important, three-digit numbers that help you…

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Experts Answer Your Income Tax Questions

Tax season can be hectic even in the best of times, and the ongoing COVID-19 pandemic has certainly thrown a…

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Post Pandemic Economy – Canadian Consumer Spending and Debt

Canadians experienced drastic changes in their lifestyle, job scenario, mental and physical health, and finances throughout the COVID-19 pandemic. Entire…

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Financial Anxiety Post COVID-19

Anxiety is a feeling characterized by emotions of tension, worried thoughts, and physical changes. People can develop anxiety from a…

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Statute of Limitations on Debt

A statute of limitation on debt is the period of time someone has to bring a financial-related offence to court.…

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Jeffrey Schwartz

How Many Times Can You Do a Consumer Proposal?

Consumer debt can weigh down on your finances, especially if you’re reckless with your spending and don’t have a solid…

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Fast Ways to Improve Financial Wellness

Canada is one of the greatest places to live on Earth. There’s free healthcare, beautiful landscapes, accessible education and so…

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What are the effects of deferral on my credit score?

A deferral, better known as forbearance, refers to an agreed restraint of meeting financial obligations for loan payments. However, it’s…

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Jeffrey Schwartz

The Do’s and Don’ts of Debt Relief

If you’re stuck in a cycle of minimum payments that never seem to get you anywhere, then it’s time to…

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Employing DIY Debt Relief Tactics to Regain financial stability.

Challenges with high-interest rate credit card debt can easily overwhelm your budget. As your balances increase, so do your minimum…

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What is your total credit card debt amount?

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