Financial News (Page 8)
Is There Tax Savings for the Interest on Student Loan Debt?
A university or college degree is a great advantage in your job search. But, it’s a costly advantage. Student loan…
Can You Get a Mortgage After a Debt Management Plan?
Every day, we face some sort of debt. Whether that debt is credit card debt, car loans, mortgages, student loan…
Free Easy-to-Use Budgeting Templates
Canadians spend money on countless expenses. For example, the average Canadian has lots of money flowing out each month from…
How Canada’s “National Financial Literacy Strategy” Will Save You Money and Ease Your Stress
The federal government has announced a five-year plan to make you”financially resilient” – and it’s actually their second one. Money…
2021 First-Half Scholarship Winner
We have a winner! After sifting through hundreds of submissions, we’ve finally chosen a student to receive the scholarship. Thanks…
What To Do After Bankruptcy
If you have done any reading about personal bankruptcy, you know that while bankruptcy eliminates your consumer debts, it also damages…
How to Build an Emergency Fund
Life is full of unexpected events. Your circumstances could change dramatically within a short period of time. That’s why it’s…
What is an Individual Voluntary Arrangement?
Debt is necessary for people to carry out most financial actions. You need debt to purchase a home with a…
How to Write a Debt Settlement Proposal Letter
Debt affects Canadians of all age groups and incomes. This is especially true during the COVID-19 pandemic, as Canadians owe…
What To Do If You Can’t Afford Minimum Payments on a Credit Card
If you can’t afford minimum payments on a credit card, it may be time to take a step back. It’s…
What is Receivership? – Tools Creditors Use
As consumers know, credit scores are an important part of personal finances. Some individuals cannot adequately manage their debt. They…
The Consumer Protection Act
Canada has laws governing the way companies can go about the sale of goods and services. Laws are in place…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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.…
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…
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…
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.…
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…
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…
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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