Black Friday (Week)
There was once a time when shopping on Black Friday meant huge savings that day which drew in crowds as early as 6 o’clock in the morning. People would take the day off work to wait in long lines in the hopes of getting an amazing deal on an item that they may or may…
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Credit Counsellors and Debt Consultants – Who can you trust?
When people are in a lot of debt, their finances are constantly on their mind. Often times they hear commercials on the radio form Debt Consultants or Counsellors promising to reduce their debt by 70%. The thing is, before you decide to contact a debt consultant, it’s important to know what you are really dealing…
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Seek financial help sooner rather than later!
Many people, upon leaving my office after their initial consultation with me, tell me that they wish they had sought financial help sooner. The biggest mistake most people that have personal debt problems make is that they wait too long to get the help they need. Many people will struggle for years with these issues,…
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Can you inherit debt if a family member dies?
Typically when someone dies, their personal debt does not get passed on to surviving family members. Their debt belongs to them and them alone; it is not passed on to their family members when they die. Normally, the person would have made a will in which an Executor would be appointed. The Executor is the person…
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Are all debts forgiven in bankruptcy?
A consumer proposal or a bankruptcy is a formal process under the Bankruptcy and Insolvency Act that allows people to get discharged from their debts that they owe to creditors. These are both great options for people who are struggling with a lot of debt and can’t find a way out on their own. By filing…
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Alternative to Bankruptcy
There is a stigma around bankruptcy. No one likes talking about it and people, for the most part, want to keep their bankruptcy private. It’s become a dirty word in our society (which it shouldn’t be as it gives unfortunate debtors hope – but that’s another blog post). Therefore, when we offer debtors an alternative…
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Bankruptcy and Your Financial Future
A major reason why debtors are hesitant to file bankruptcy is the effect it will have on their financial future. It’s a fact that filing bankruptcy will have a negative effect on your financial future, but not doing anything about your debt can have even larger consequences. When you want to apply for a mortgage,…
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New Years Resolutions and Debt
New years resolutions often involve improving health, weight loss, or getting rid of a bad habit. There is one other resolution that people should consider this year. Don’t forget about improving your financial health and your bad credit habits in the new year. Consider adding one or more of these credit or debt resolutions to…
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Who do we help?
There is no clear pattern for how people find themselves in financial difficulty. It can happen suddenly through injury or illness, separation or divorce, or it can be due to not knowing how to manage your finances effectively. Whatever the reason, the important thing now is to find out what options are available to you…
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What do with with your tax refund!
With the new year in full swing, and income tax season upon us, it’s easy to start thinking about how you’re going to spend your refund (if you’re lucky enough to be getting one). While it may be tempting to spend your refund on consumer goods or a trip, consider these suggestions that will provide…
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