Financial News (Page 7)

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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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 bankruptcy, a consumer proposal or other credit problems, it can be challenging to…

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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 an increased debt-to-asset ratio. With mass job loss in Canada and…

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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, 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 a psychology behind why you buy.…

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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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Debt Management vs Individual Voluntary Arrangement

Debt affects thousands of our UK friends and family each year. Life is expensive, with increasing housing costs, transportation, and…

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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 a Debt Relief Order?

People experience many different, unexpected life events that affect their income. Job loss, unexpected medical diagnosis, family obligations, and economic…

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Questions to Ask Before Getting a Debt Consolidation Loan

Dealing with debt can be overwhelming and you may get to the point where you’re willing to do whatever it…

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