If you owe money to your bank in the form of credit cards, loans, a line of credit, or an overdraft account, it’s advised you open a new account at a new bank or financial institution before you file for a Consumer Proposal or Bankruptcy.
Explore great resources for managing money like a monthly budget template and how to break back money habits. Topics like retirement planning and avoiding financial stress in your relationships are also addressed.
How to Find Your Debt to Income Ratio (The Easy Way!)
How do you find your debt to income ratio? It’s a simple calculation. It’s also an important number. In addition to your credit score, lenders use it and you should, too. If your debt to income ratio is low, under 36 percent according to experts, that’s good. If you pay your bills on time, you should receive the most favorable credit terms. It tells lenders that you are using credit responsibly and that you will be able to pay them back.
Addiction and Debt Problems: How to Deal With Them
Addiction like online gambling and shopping implies financial loss and can result in several overwhelming consequences. Here’s what you can do to help overcome your addiction and struggle with debt.
Should I Take Out a High Interest Loan to Pay Off My Debt?
I recently read a Google ad that said “Bankruptcy is expensive” apply for a loan with us. The company ad went on to say in fine print with tiny font size, interest rate is 34.99%.
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How to Avoid Scams and Scammers
Fake CRA calls are plaguing Canada and the tactics scammers use are getting more aggressive. Learn how to avoid scams and scammers here.
Bad Money Habits and How to Break Them
Here are some of the worst bad money habits and how you can break them starting today.
Avoiding Financial Stress in Your Relationship
As you know, finances are a subject most households either avoid, or have very intense views about. It can cause resentment towards each other as couples, but does it have to be this way? The short answer is: Absolutely not!
Considering Hiring a Financial Advisor to Help Manage Your Money? Here’s What You Need to Know
If your reasons for seeking professional financial help have to do more with overwhelming debt and less with investment advice, an LIT may be a better fit for you. Licensed Insolvency Trustees (LITs) are federally licensed and regulated professionals who provide financial advice and services to individuals and businesses with debt problems.
Retirement Planning Tools: Old Age Security (OAS), RRSP’s & Pension Plans
The Old Age Security (“OAS”) benefit is the principal component of Canada's public retirement social security system. The OAS program provides a base income which allows individuals to supplement their income from...
Monthly Budget Template – Budgeting Made Easy
What is a budget plan?
Your budget plan (or spending plan) is the method you use to make sure that expenses do not exceed income, and that future commitments can be met....