Student Loan Debt Solutions
Each year, thousands of Canadians rely on student loans to help fund their continuing education. Getting a student loan is an investment in your future as it helps you to get an education which in turn, will help create better job and career opportunities. Unfortunately, once you graduate from post-secondary school, life gets in the…
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Boosting Your Credit Score
The amount of time and effort it takes to boost a credit score varies depending on the situation. The more damage you have done to your credit score, the more difficult it will be and the more time it will take. There are no magic tricks that will boost your credit score to a specific…
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CRA and Consumer Proposals
Back taxes are one of the most difficult debts to absolve because they are owed to the government and required by all income-producing residents. Making a consumer proposal can be a good option when you have tax debt as you could potentially pay less than what you owe. However, Canada Revenue Agency (CRA) will not…
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What should you ask a Licensed Insolvency Trustee?
Before you meet with a Licensed Insolvency Trustee, I’m sure you will have many questions in your head. My suggestion is, make sure you write those questions down. You can never have too many questions. I never want a client to leave my office with more questions. Our goal is to give you as much…
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If it sounds too good to be true, it probably is!
You may have seen the ads before, all with slightly different promises, such as: “Credit card debt over $8,000? Qualify to reduce your debt by up to 60%” “Canadian banks forced to forgive up to 75% of consumer credit card debt” “New Canadian Debt Program allows Canada residents with over $10,000 in debt to eliminate…
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Three Poor Financial Decisions That People Still Make
The internet is a very vast, and information filled spaced with a ton of financial advice, and you can easily get lost in it all and miss the basics. Here is a brief, yet straightforward look at the changes you can make that will lead you on the path to financial happiness. House For generations…
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Getting Out of Debt
In today’s world, where we feel a compulsion to keep up with our neighbours, it is very easy to get into debt without even realizing it. Trying to work your way out of it can be a very difficult experience. Credit card interest rates, decreased income, illnesses and many other factors can lead to an unmanageable debt…
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This Halloween, Face Financial Fears Head On!
Monsters, ghosts and werewolves scared us as children but as adults we tend to be more scared by our finances. This Halloween try facing a few money fears head on! Trapped by debt It can seem impossible to escape the continuing stress of credit cards, student loans, and car loans. It can lead to problems…
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Can a person have savings during bankruptcy?
The short answer is “Yes”. By definition, savings can consist of actual cash holdings, RRSPs and other investment products, pensions, and the cash surrender value of insurance policies. Your bankruptcy trustee will recover any non-exempt portion of your savings for the benefit of unsecured creditors at the time of filing. Your bankruptcy estate is also made up…
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Consumer Proposal, Debt Management or Debt Settlement. What’s right for you?
With consumer debt being so high, the number of companies offering credit counselling or debt settlement services are multiplying at an alarming rate. Many of these companies have large advertising budgets and slick websites designed to play on the fears of stressed out consumers who are in need of debt relief. Let’s take a closer look…
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