Pay Off Debt

It isn’t exactly news, but Canadians are struggling financially. For instance, covering a $500 unexpected expense is not an option for a quarter of us. In 2022, over 103,586 insolvencies were filed with the Office of the Superintendent of Bankruptcy (OSB), reflecting a steep increase from the previous year. Before anyone ends up filing for […]

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, […]

Facing debt is a shared human experience, not a mark of failure. But if it becomes overwhelming with no end in sight, the best credit counselling services in Canada are a beacon of hope. They can help you avoid extreme debt solutions like a bankruptcy or consumer proposal. Various services include personalized counselling, group workshops, […]

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 […]

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 […]

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 […]

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 […]