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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Q and A: Tax Season
With income tax season in full swing, I thought it would be a good time to answer some common questions that I hear regarding government debt and tax returns. What happens if I owe taxes to Canada Revenue that I can’t afford to pay? If you owe taxes that you cannot repay, contact CRA and…
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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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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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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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How Bankruptcy Can Help You Take Charge of Credit Card Debts
If you are behind in your credit card debts and are struggling to pay your monthly payments, you may be considering filing for bankruptcy. Bankruptcy can help in these situations, but it often makes sense to file before you reach your breaking point. You do not need to watch your credit rating go down the tubes while you…
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Four Steps To Rebuilding Your Credit
If you owe past due amounts on credit cards and loans and are having trouble meeting your monthly bills, filing for bankruptcy can provide you with the fresh start you need to get back on track financially. Most people worry about how filing will impact their credit score, but eliminating your debt can actually have a positive…
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Don’t be ashamed!
If you are considering filing for bankruptcy as a way to help manage or reduce your debt load, you need to know that declaring bankruptcy is nothing to be ashamed of. By filing bankruptcy, it means you are taking control of your situation and looking to the future. It takes a HUGE load off your back and…
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You can’t borrow your way out of debt!
You cannot borrow your way out of a debt problem. Many clients have been drowning in debt for quite some time and decide to start using cash advances from new credit cards to make minimum payments on old credit cards. This is never a good idea. If you can’t afford to pay the original credit…
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