This interesting article points out how credit card debt can affect our daily lives. Things like Emotional, Mental and Physical health, Relationships, as well as other areas affected by debt stress are discussed by Canadian Personal Finance Blog. “When we think of the negative effects of credit card debt, we often focus on the financial [...]
Many are burdened by high debt loads and are looking for practical solutions. Here's a detailed overview of Consumer Proposal from MSN Money and how it can help you resolve debt problems. “ Consumer proposals were introduced in the 1990s for people who can't afford to pay off their debts in full, but have income [...]
When you enroll in a debt settlement program, a representative from a debt settlement company tries to negotiate with your creditors so as to reduce your outstanding balance. The representative of the settlement company tries to reduce it by about 40-60%. Debt settlement myths and truths Usually there are a lot of myths associated with [...]
Jennifer Stewart from moneyville.ca provides an overview of pay day loans… “On any given day, hundreds of people are desperate enough for cash that they turn to one of 700 payday loan stores in Ontario to get it. They have rent to pay, or their mortgage, or they are way late on their utility bills. [...]
Coupons are a great way to save money. Almost every retailer offers them now…but is it overwhelming? “If you’re ever in a checkout line in front of Cassie Howard buying Palmolive at regular price, know that you’re causing her mental anguish. Ms. Howard, a 25-year-old stay-at-home mom in Mississauga, Ont., would never purchase dish soap [...]
What happens when you declare bankruptcy…Debts that can be included…Implications of this process are analysed in more detail by Michael Lewis. “When Valerie Freeman entered the commerce degree program at Ryerson University, she couldn’t help but notice the credit card come-ons that seemed to be everywhere — in the student halls, pubs, even residences. An [...]
In this post the writer shows a fun and easy way to budget! “Most 20-somethings know roughly what our chequing account balance is and how much credit we have left on our credit card. But when tax season comes around, or we need to start budgeting for big purchases – like a house – a [...]