Be Wary Of Fraudulent Credit Counsellors
Although some credit counselling companies are legitimate, there are many fraudulent credit counsellors who charge high fees, provide little or no service and warn against discussing your money problems with a licensed trustee in bankruptcy. A credit counsellor has no greater ability to negotiate with your creditors than you do. The credit counselling industry is unregulated and anyone can…
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Tips That Will Help Improve Your Credit Score
Your credit rating is like a report card. Having money problems, filing personal bankruptcy or making a consumer proposal will result in a bad mark on your credit report card. Therefore to rebuild your credit rating you have to get as many good marks as possible. The only way to get a good mark is to…
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Consolidation loans are a popular debt management option, but is it right for you?
Consolidation loans are a great way to manage your debt. If you can get one, it may be a great strategy for you to help you get out of debt. Using a consolidation loan to manage your personal debts will: Consolidate your personal debts into one monthly payment Reduce interest charges Will not damage your…
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How fast can a bankruptcy be filed?
We deal with people in all types of debt situations ranging from people slightly concerned about the balance owing on credit cards to people who have delayed filing bankruptcy and have been threatened with legal action by creditors (requesting information from a court to garnishee your wages). At this point, it is very important that…
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Should I file a debt management plan or a consumer proposal?
People come into our offices suffering from various debt issues. Some people have little to no assets and are drowning in debt. Others have several assets that they do not want to part with but are concerned with the amount of debt they have racked up. The important thing to note is that there is…
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What is the process for filing a consumer proposal?
For the most part, when someone walks into our office, they are looking for answers. They are backed into a corner and need help getting out. They are already stressed out enough about their financial situation, they don’t want to feel overwhelmed with details and processes that come with a bankruptcy or a consumer proposal….
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How is a credit score calculated?
A number of specific factors go into determining a credit score. Scores change frequently as these factors are based on what someone does or doesn’t do with the credit they already have available. Here is a little insight into what goes into a credit score: Payment History – 35% This is the most important factor…
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Payday Loans as seen on HBO’s “Last Week Tonight with John Oliver”
I was recently watching my new favourite show, “Last Week Tonight with John Oliver” and to my surprise, a piece on payday loans was aired. It was a very humorous take on them, full of many interesting facts. It is in regards to payday loan companies in the USA, but in many instances it encompasses…
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Preparing Students For a Financially Sound Future
As students prepare to make the leap from high school to college or university, many have not been prepared for life on their own, especially when it comes to money. Low financial literacy can lead to major debt challenges down the road. Coming out of university with major debt is one of the worst things…
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Top Concerns For Canadian Students
It’s almost September, which means it’s time for students to start worrying about many things. Will I like my roommate? Who is going to make me dinner? What if I can’t find my way around campus? These are all common concerns you would expect from students just entering their post-secondary career. According to an article…
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