Blog Posts

We were asked: Do you provide consolidation loans?

Consolidation loans are one of the debt settlement strategies we review with people but we're not a lender. While consolidation loans are a popular debt settlement strategy there are a number of issues.

June 18, 2013

Consolidation Loans, Rebuilding Credit

We were asked: Can a consumer proposal clear old debt in collections - will filing affect my credit rating?

We're here to help you deal with debt and give the best option possible depending on your personal situation. Filing a consumer proposal is not a strategy for rebuilding your credit, it is a strategy to get out of debt.

June 15, 2013

Consumer Proposals, Rebuilding Credit

We were asked: What is the difference between debt consolidation and a consumer proposal?

We receive many questions regarding the difference between debt consolidation and a consumer proposal.

June 5, 2013

Consumer Proposals, Consolidation Loans, Rebuilding Credit

What are the consequences of filing bankruptcy a second time?

If you've already filed personal bankruptcy once in Ontario, it's important to consider all your options before filing a second time. Going bankrupt for a second time damages your credit for much longer than a first bankruptcy.

March 25, 2013

Consumer Proposals, Bankruptcy, Rebuilding Credit

How do I recover from my divorce debt?

JULIE ASKED: I have bad credit due to a divorce from 7 years ago. I would like to know what my options are. I would prefer not to claim personal bankruptcy. Can this be done?

May 3, 2012

Consumer Proposals, Bankruptcy, Debt and Relationships, Rebuilding Credit