5 Things to Do With Your Tax Refund
With tax season here, many people are eager to file their tax returns for only one reason: the possibility of a tax refund. How wonderful it would be to see unexpected money arrive. Pondering how to use the refund? There is no right or wrong way to use the money but getting your priorities straight…
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Invisible Credit Score
I recently had a discussion with a woman who was trying to get a credit card through her local area bank, and to her surprise, she found out that she had invisible credit. She thought that since her name was on her husband’s credit card, that it was okay to cut up her old credit…
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Student Loans and CRA Debt
When people come and meet with me, they usually assume that certain debts can be included in bankruptcy or a consumer proposal, for instance, vehicle, credit card, payday loans, etc. But what people may not know, is that you may be able to include Student Loan and Canada Revenue Agency debt. Student Loan Debt Student…
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Will bankruptcy affect my job?
Unless you’ve filed for bankruptcy, most Canadians really have no idea what it entails. For many Canadians the idea of filing for personal bankruptcy is very unfamiliar. Not knowing how the process will affect your everyday life and employment is just one of the many reasons why bankruptcy can be so intimidating. The good news…
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How much should debt relief cost?
I usually advocate for shopping around when it comes to purchasing items at retail stores or online. It’s a simple way to save money and it doesn’t take much time (now that most prices can be found online). When it comes to the world of debt relief, it’s also important to “shop around” as you…
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Should you consider a consumer proposal?
Most people that come into our offices think that the only debt relief option we provide is bankruptcy. They are surprised when we offer other options, such as consumer proposals. Making a consumer proposal isn’t ideal for everyone, but if you want to avoid bankruptcy and you fit in the criteria, it’s an excellent option….
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Where do I get credit score information in Canada?
The two largest credit-reporting agencies in Canada are Equifax and TransUnion. These agencies receive information about you directly from your credit grantor, which is based solely on that grantor’s experience with you. This information is then compiled by the Agency in a credit report that is made available to the “members” of the credit granting…
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Why a licensed insolvency trustee?
If you’re drowning in debt, you have enough stress in your life. You shouldn’t have to worry about whether or not you can trust someone to help you. The good news is, if you meet with a licensed insolvency trustees, you will not be “scammed”. Licensed insolvency trustees are the only trained professionals who are…
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Managing Credit Card Debt
If you carry around a credit card or two, like most Canadians, it’s not necessarily a problem. Credit cards offer convenience and flexibility, and used correctly, can help you build a good credit rating as well. Unfortunately though, not everyone is in the black with their credit card statements. If you are someone who carries a…
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Should you make a consumer proposal?
People go into debt for many reasons, which is why it should come as no surprise to learn that the process of getting out of debt will also depend heavily on individual circumstances. In some cases, filing for bankruptcy will be the only option; while in other instances, there may be alternatives to bankruptcy that are a…
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