Dec 21, 2021When to Hire a Financial Advisor vs. a Licensed Insolvency Trustee (LIT)If you’re trying to stay on budget and repay your debt but you just can’t seem to get ahead, you might consider hiring a financial advisor to help to get your financial life in order. …Debt Advisors4 min readDebt Advisors4 min read
Dec 14, 2021Canadian Inflation Rates: How Rising Rates May Affect YouWe have all experienced inflation. When you go to the grocery store and it feels like all of the produce has doubled in price since the year before. Or, when you go to the pumps and you’re shocked to see how much it costs to fill your tank. …Inflation Rate Canada6 min readInflation Rate Canada6 min read
Dec 4, 2021What Happens to My Debt When I Die? 10 Things Every Canadian Debtor Needs to KnowDepending on the stage of life you’re in, you may be wondering what happens to your debt when you die. Can it be inherited? What debts are forgiven at death? …Estate Planning4 min readEstate Planning4 min read
Nov 25, 2021How to Check Your Canadian Credit Score and Know if It’s GoodWorried about your credit score? Having bad credit can affect your future potential for securing a mortgage, a car loan, or even a credit card. Your credit score matters. This is what lenders use when deciding whether or not they want to loan you money. It’s also used to determine…Credit Score6 min readCredit Score6 min read
Nov 3, 2021Canadian Debt Relief Programs: 5 Strategies to Recover from DebtDebt is stressful. Not being able to pay your bills can be hard on your physical and mental health. It can consume your thoughts, make it difficult to sleep, and it can take a toll on your relationship. However, there are several Canadian debt relief programs available to those who…Canadian Debt5 min readCanadian Debt5 min read
Oct 29, 2021Buyer’s Remorse Laws in Canada — Consumer Protection Act (CPA)Whether it’s a beautiful necklace that caught your eye, that piece of art you needed to add to your collection or that impulse purchase of a new car. At some point, you’ve probably bought something that you didn’t need or couldn’t afford but you convinced yourself that you had to…Right Of Rescission5 min readRight Of Rescission5 min read
Sep 27, 2021How to Deal With a Debt Collector: Your Rights Under Ontario Debt Collection LawsWe all start out with good intentions of wanting to pay our bills on time. But sometimes life throws us a curveball — be it job loss, illness, or unexpected car repairs. Without an emergency fund to fall back on, you may end up neglecting your creditors. And when that…Licensed Insolvency6 min readLicensed Insolvency6 min read
Sep 22, 2021Average Household Canadian Debt Levels & The National Canadian Debt ClockAre you feeling burdened by household debt? Is it difficult to come up with the money you need to make your car and mortgage payments? Are you and your partner constantly arguing about money? …Canadian Debt4 min readCanadian Debt4 min read
Sep 21, 2021What Is Vehicle Repossession and How Will It Affect My Finances?Nobody takes out a car loan intending to miss their payments. However, things happen. Life happens. A layoff, an expensive divorce, or a health issue and, all of a sudden, you’re drowning in debt and you can’t make your payments. Unfortunately, if you continue to miss your car or truck…Car Repossession5 min readCar Repossession5 min read
Sep 8, 2021Is RRSP Withdrawal a Good Way to Pay Off My Debt?Are you drowning in bills? Are you sick of ignoring phone calls from collections? Are you feeling weighed down by the burden of your debt? If so, you might be questioning whether or not you should do an RRSP withdrawal in a last ditch effort to pay off your debts. …Retirement Savings Plan5 min readRetirement Savings Plan5 min read