When it comes to getting out of credit card debt, most people want a quick and easy debt consolidation loan. Advertisers show it’s simple. They use words like: One balance, one interest rate, and one simple low payment. From my experience, there is a problem with that. When looking online, most people have pretty bad credit by…
I’ve been selfish. I should have shared this information earlier with my audience, but it didn’t dawn on me till the other day when I was at store, had an item in my hand, I asked myself if I really needed it, and I didn’t, so I put it back down and walked away. The…
I hate politics. I really do. People keep telling me to run for office to fix things but I doubt I ever will. For nearly the last 2 years of my life I’ve put a ton of resources (time + money) into lobbyists to meet with politicians on Bill 55. I’ve been lucky enough to have supportive…
Sometimes while I drive, I record a rant. RCR: Richard Cooper Rants. This one is going to piss a few people off, others will agree with me. Watch the video below: Ontario Liberals are raising the minimum wage in Ontario to $11 from $10.25. I think it’s a dumb and pointless manoeuvre; it will also…
I went on a bit of a rant today on a drive to meet my accountant. I’ve lost count of people I’ve met that think the activity of just paying the minimum monthly payment on their credit cards is accomplishing something. Even worse are the folks that make random payments only when they can afford it by…
Think about it. Credit card companies make nothing off people that pay off their bill in full and fly on free points. But they make a fortune of people up to their eyeballs in debt paying 19.99% on the balances they carry. The real deadbeats to credit card companies pay their bill in full each…
There I said it, and you know it’s true. Cable TV is mindless crap. I haven’t watched a cable TV program in 6 months now. I don’t miss it at all. Here is why I think cable TV is bullshit. You need to be a slave to the clock and be there at a certain…
So what is debt settlement? How does it work? I get asked questions often. Put simply, debt settlement is the process of negotiating a reduced payout between a creditor and debtor. If you have sufficient time, knowledge and resources, you can do it yourself. Otherwise it’s often a better idea to hire a professional and…
So, you want to know what a consumer proposal is? Simply, a consumer proposal is where you propose to settle your debt, and if accepted, you get out of debt for less than you owe. Many trustee’s in bankruptcy sell consumer proposals as “the best way to avoid bankrptcy”. It may sound better, but its really just cosmetic and the as far…
There are two camps on credit counselling. Those that trust in it, and the increasing movement that are critical of how it is structured. In this blog post we will look at what credit counselling is, and how it works. I’m not opposed to credit counselling services but I tend to lean more towards the critical camp; the…
