debt advice

Am I Responsible For My Spouse’s Debt In Canada?

Maintaining a high credit score and a low debt-to-income ratio can be difficult and stressful. It can be even more stressful if a spouse has taken on more debt than they can afford, either before your marriage or during. If you’re worried that your spouse’s spending habits may affect your credit rating or personal finances,…

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Debt Relief in Nova Scotia – An End to Your Financial Burdens

The burden of overwhelming debt affects numerous individuals and families in Nova Scotia, casting a long and dark shadow over the lives of those caught in its grasp. Trying to get out from under the crushing weight of financial hardship can be stressful. From relentless collection calls to its emotional impact, debt is a struggle…

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Navigating the Landscape of Credit Card Debt in Canada

Credit card debt is a prevalent financial concern for countless individuals and families. More Canadians than ever are relying on credit cards as the allure of making purchases with borrowed money is compelling. Understanding the gravity of credit card debt in Canada is crucial in today’s economic landscape. This article explores the implications of this…

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What is a Good Debt to Asset Ratio for a Family

Families across Canada face a common challenge on the path to financial prosperity – balancing their economic equation. Prudently managing assets and debts forms the cornerstone of stable finances. The debt to asset ratio is a crucial metric that can be invaluable for families to gauge their financial health. The concept of financial health isn’t…

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How to Stop a Wage Garnishment in Canada

How to Stop a Wage Garnishment in Canada

Are you behind in payments to your creditors? Are they starting to threaten wage garnishment? Or, worse, have you already received a notice of garnishment? There is no need to panic just yet. Garnished wages can have a detrimental effect on Canadian families who are already struggling. But there is hope. In this article, we’ll…

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Debt Consolidation Loans & Bad Credit

If you have bad credit, you may feel like you are out of options when consolidating your debt. However, this is not the case! There are several ways that you can consolidate your debt, even if you have a low credit score. In fact, Debt consolidation is one of the methods we discuss in our…

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Debt Management Plans Explained

Debt Management Plans Explained

A Debt Management Plan (sometimes referred to as a debt management program) is often used by people who have a lot of debt and feel like they will never be able to pay it off. A debt management plan is an agreement between you and your creditors to pay back your debts over a period…

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10 Ways to Pay Off Debt Faster – Canada Edition

10 Ways to Pay Off Debt Faster

Are you struggling to pay off your debt or facing a major debt repayment you are not sure how to navigate? If so, you’re not alone. Millions of Canadians are in the same boat. But don’t worry – there are plenty of ways to pay off your debt faster. As Licensed Insolvency Trustees we are…

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New Payday Loans Rules as of January 2018

If your finances are strained, a payday loan may solve an immediate need, but, their cost will take more money out of an already strained situation and, over time, make your situation worse.

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