What You Need to Know Before Co-signing A Loan?

What You Need to Know Before Co-signing A Loan? Young consumers with no established credit will often ask their parents to co-sign a loan to help them with their education or to get their credit established.  Most parents could never imagine that their child might default on the loan and give it no second thought.  … Continue reading “What You Need to Know Before Co-signing A Loan?”

Beware of Debt Settlement Offers

Beware of Debt Settlement Offers You may have you seen T.V or online ads from companies claiming they can reduce your debts by up to 80%.  They often pay actors or well know celebrities to endorse their product to make it seem more legitimate.  These ads may appeal to you if you are struggling with … Continue reading “Beware of Debt Settlement Offers”

Financial Warning Signs

Financial Warning Signs Most of us can sense impending financial trouble but we tend to shy away from seeking professional help out of embarrassment or fear of being judged.   Licenced bankruptcy trustees and debt counsellors are there to help and should be able to provide you with financial counselling in a non-judgmental and professional manner.   … Continue reading “Financial Warning Signs”

20 Ways to Save Money on Insurance

20 Ways to Save Money on Insurance There are many ways to save on your insurance costs so here are a few that we think you should be aware of: 1.  Shop Around Not all brokers deal with the same insurance companies so speak with several brokers and compare rates.  Also, inquire at your bank … Continue reading “20 Ways to Save Money on Insurance”

The Cost of Credit Card Debt

The Cost of Credit Card Debt According to the Canadian Bankers Association, as of October 31, 2013, there were 76.3 million Visa & MasterCard in circulation.  That means the average Canadian consumer has 2 of these products and that does not even include all of the retail and other credit card products.   Of the cards … Continue reading “The Cost of Credit Card Debt”