I recently was at a rock concert and I am amazed sometimes on how people can still band together and view perfect strangers as family. That one common bond of liking the same musician or band has such a strong connection that for those brief moments, everyone belongs. The one thing that will always restore…
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…
I’ve banged on this drum for awhile. US based debt settlement companies bill consumers in Canadian dollars, but most of their staff appears to be in the US. So what happens if the Canadian dollar dips to $0.80? I fear one of two things. According to Jimmy John Shark, they might either abandon their clients…
We all know that debt is a regular part of your financial life, but at some point we all expect to get out of it – that’s what we plan for, and that’s why you’re reading this blog. But an interesting study released on behalf of CIBC indicates that Canadians are spending a much longer…
Do you have issues with personal debt? Well, you are definitely not alone. Average personal debt in Canada is on the rise – going up five percent over the past three months than the same period last year. This was reported by CBC at the beginning of this month. Canadians are spending more, and letting…
Though there may not be riots in the streets of Canada and the government is telling us we’re doing much better than the other countries of the world, this doesn’t mean that Canada is in great shape. Canada’s national debt is mounting with time, and reports suggest that $100,000 of debt is owed by the…
In an article last month, we told you about a great option for getting your monthly cable bill reduced. This is a great way to cut your costs and have a little extra money laying around at the end of the month. If you’ve gone ahead and done it, congratulations! We knew you were a…
April is here and Canadians are hustling through their last minute tax filings. After the paper work is in, the ‘i’s are dotted and the ‘t’s are crossed, hopefully you’ve got a tax return on the way. If you do, here are a few great tips for what to do with that extra cash, and…
If you’re reading this article, there’s a good chance you’re experiencing (or have experienced) debt. Many Canadians have been there, and they all have different ways of getting out of it. There is the ever popular ostrich-with-its-head-in-the-sand approach… but we wouldn’t recommend it. Too… sandy. There’s the obsessive-lunatic-let-it-dominate-your-life approach, but that one’s a bit too…
An important part of overcoming debt, is knowing what you’re up against. It’s easy to shut your eyes and ignore the bills that are piling up – but that’s just not going to help you get out of debt. That’s only going to add more interest to the pile. While it might hurt initially, here…
