Pay Off Debt
I Can’t Afford My Car Payment Anymore: What Are My Options in Canada?
As your next car loan payment looms, you check your bank account and realize you don’t have the money you need. What a terrible feeling! Whether you face unexpected bills or a job loss, struggling to afford your car payment can stress you out. In this article, we will explore the basics of car payments, […]
The 5 Best Credit Counseling Services in Canada
Unexpected life events, changes in employment status, or simply not understanding how to manage credit lines with ever-shifting economic conditions can leave Canadians feeling overwhelmed by debt. Here is when credit counselling services come into play. This is often the first and the most important step to rehabilitate your financial situation. It’s important to remember […]
How to get out of a car loan in Canada?
Purchasing a car exhilarates you, but it also creates a substantial financial commitment. However, life is unpredictable and circumstances can change. If you struggle to make payments, you may wonder how to get out of a car loan in Canada. In this article, we’ll explore the process of ending a car loan and highlight various […]
Should Your Defer Payments When Dealing With Debt?
Large unexpected expenses or life-altering events like a job loss or a physical injury can often leave people in financial distress, especially if you don’t have an emergency fund to fall back on. This can be stressful as your bills, debts, and other financial obligations don’t stop and will have a negative impact on your […]
Can Canadians Expect a Debt Jubilee in the Foreseeable Future?
A debt jubilee is a type of large-scale debt forgiveness program. Will Canadians get one? Over the last 20 years, Canadians have gradually accumulated more and more debt. With some of the highest debt-to-GDP ratios among developed countries, the average Canadian consumer carries $1.77 in debts owed for every $1 they earn, as of the […]
6 Bad Debts You Should Avoid At All Costs in Canada
Many people have grown up with the idea that all debt is bad and to avoid it whenever possible. However, this is simply not the case. By successfully leveraging good debt, you can increase your net worth. You will also improve your credit score. This can in turn lead to better mortgage rates, lower credit […]