Bankruptcy is one of the debt relief options but experts say it is always better to avoid filing bankruptcy. This is because, just as it helps you to discharge all of your debts, it similarly has a negative effect on your credit. There various other debt relief options that you can use in order to [...]
This article from Financial Post provides some interesting points on new debt perspective thats prevelant among many Canadians…undefined “The debt peddlers may claim debt is now the “new norm” but 58% of respondents feel uncomfortable about it and 33% are “outright embarrassed” by it. And so they should. When the same poll shows that 33% [...]
Many Canadians struggling to make end meet, according to this article from Yahoo Finance. “An online survey completed for TD Canada Trust (TSX:TD) also found that 54 per cent of the 1,003 people who answered said it was a real struggle or impossible to save. The report, released Wednesday, says that 38 per cent of [...]
MSN Money - New Money Coming out in Canada… “ The Bank of Canada says it will start circulating new $100 bill made from a special polymer in November, with a $50 note to follow next March. The more commonly used $20, $10 and $5 notes won't be out until the end of 2013, however….” Read [...]
Canadian personal debt is at very high levels…This financial post article brings out some stats about personal debt levels and how Canadians may be deceiving themselves, thinking their financial situation is better then that of Americans… “Canadian families’ average debt has hit six figures for the first time — and what they owe now amounts [...]
With personal debt higher than ever before many debt management companies have emerged, offering a basket of services. Although it may be a service in demand every person should be careful when selecting this type of service provider. This article in Financial Post elaborates on some of the common issues with debt management companies. “It’s [...]
Every person should keep a close eye on their credit file to identify any inconsistencies right away. In this post the writer points out some of the things to watch out for on you credit file. “It seems I’m not the only person who still has an Eaton’s card, despite the fact the chain ceased [...]