How To Get Out Of Payday Loan Trouble

How to Get Out of Payday Loan Trouble

Most people are familiar with the term “payday loan” but may not be entirely sure how they work. A payday loan is a type of short-term borrowing where you typically borrow against your next paycheck. So, if you need cash now and don’t get paid until next week, a payday loan is an option many…

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Avoiding The Debt Consultant Trap

Avoiding The Debt Consultant Trap

In recent years, the number of debt consultants in Canada has seemingly increased significantly. These businesses claim to offer to help consumers reduce their debt, stop interest, and stop collection calls. These claims seem great – I mean who wouldn’t want all those benefits? The issue is that all of these claims are misleading at…

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Filing Bankruptcy When Married or Common-Law: What You Need To Know

Filing Bankruptcy When Married or Common-Law What You Need To Know

Filing for bankruptcy is a difficult decision to come to. There are many factors to consider when determining if it’s the right option for you. When you’re married or in a common-law relationship, debt problems become more complicated. Filing bankruptcy as a married person or common-law partner has its own set of concerns that must…

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How To Get a Mortgage After Bankruptcy: Mortgage For Bankrupts 101

How To Get a Mortgage After Bankruptcy: Mortgage For Bankrupts 101

**Note to reader: This article was written by Alex Lavender, a Halifax-based local mortgage broker. We are asked this question often and thought it would be best to get information directly from an industry professional. If you have any questions about obtaining a mortgage after you have filed for a bankruptcy or consumer proposal, we…

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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 this blog post, we will discuss several methods that you can use…

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Can I Inherit Debt After Someone’s Death in Canada?

Can I Inherit Debt After Someone's Death in Canada?

Can I Inherit Debt After Someone’s Death? This is a common question asked by those who are appointed executors of a deceased person’s estate and by curious minds. We will endeavour to answer this question in this article. While it may seem like a straightforward question, there are many considerations to be had. Before we…

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Consumer Proposal vs Debt Consolidation

Consumer Proposal vs Debt Consolidation

When you are struggling with mounting debt and facing debt problems, it can be difficult to know where to turn. You might have heard of consumer proposals and debt consolidation, but you may not know which option is right for you. In this blog post, we will compare the two options and help you decide…

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How Many Times Can You Declare Bankruptcy In Canada

How Many Times Can You Declare Bankruptcy In Canada

Have you been curious as to how bankruptcy works in Canada? More specifically, how many times you can file bankruptcy? In theory, you can declare bankruptcy as many times as you like in Canada. Practically speaking, however, every time you file the consequences and the difficulty in receiving a discharge from your bankruptcy increases. The…

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Frozen Bank Account – What Do I Do Now?

Frozen Bank Account

When you are behind on your payments, freezing a bank account is one of the debt collection options available to creditors. You will be unable to withdraw or transfer money from your bank account until it is unfrozen. This will likely cause additional financial hardship due to the existing debt problem and the requirement to…

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