519-646-2222Blog Articles
Overdraft Protection
Too many people get comfortable with their overdraft protection and miss the point of how to use properly, and wisely.
Read moreCongratulations
Decisions, decisions, but congratulations on whatever you decide, rest assured it was your choice but you must live with the consequences.
Read moreEnough is Enough
Stop kidding yourself, you can’t afford all the debt you and your family are trying to service. It may be the case, for some folks, that you can’t afford not to have the debt – the cost of living has risen faster than your paycheque.
Read moreBank Accounts
Bank accounts are impacted by the filing of a bankrupt, or a proposal for that matter since many of the bankruptcy provisions apply equally to proposals. Banks may seize funds in accounts as an offset (or setoff) because they have a contractual right to do so. In other words, if you went bankrupt in the […]
Read moreInterest Rates
Collapsing RSPs is no panacea for first time home buyers. Our advice is “don’t do it” – the long term implications can be dire. The biggest beneficiaries are the lenders not the borrowers.
Read moreRebuild Your Credit
We see that slogan everywhere “rebuild your credit” everyone seems to be using it from mortgage lenders through to used car salesmen. But, caveat emptor (buyer beware) things may not be what they seem. Usually when I hear the expression “rebuild your credit” the first thing that comes to mind is “high interest” and the […]
Read moreLiving in Canada
Living in Canada is extremely challenging and not getting easier. The cost of living continues to increase faster than incomes and taxation is not helping. Adding the new carbon tax to the mix it is highly likely that Canadian consumers are paying more than half of their income in some form of taxation. Paper, ordinary […]
Read moreNo More Debts
Just imagine having no more debts, being and living completely debt free. It seems that such a notion is impossible, unless you have a very significant income stream. Debt is a bi-product of poverty and as poverty grows so does debt. It is inconceivable that people would simply go into debt because “it’s cool” or […]
Read moreSecond Mortgage
Second mortgages sound like a good idea but they can have serious pitfalls. Meet with a Licensed Insolvency Trustee before you commit to something you may regret later.
Read moreCredit “Caution Debt Ahead”
You may have thought Venezuelans were in trouble, you already owe twenty-four (24) times more debt that them. What are you going to do about it?
Read moreBankruptcy is Good
Despite all the stigma, bankruptcy is good for helping you solve debt problems. In fact, bankruptcy is one of the best tools in your arsenal for solving difficult debt problems. It’s cheaper than filing a proposal, it usually doesn’t linger as long on your credit report as a proposal typically will. Another reason bankruptcy is […]
Read moreCredit Card Business
The credit card business is one that everyone wants to be in on, including Apple (the computer guys). Unfortunately, the banks have a virtual monopoly and make it challenging for anyone else to enter the playground. Here’s how the business works, in the simplest terms: Lend someone something that doesn’t exist on terms of repayment […]
Read moreCredit Cards for Bankrupts
Credit is a whole lot easier to get following a bankruptcy or proposal filing than you might expect.
Read moreFake News – Sunshine List
The media seems to be getting more and more lax in its reporting as time goes by. If all Sunshine List members earning less than $152,000 per annum are dropped we get a more meaningful picture.
Read moreProposals to Creditors
Proposals to creditors are more popular than bankruptcies, in fact more than half of all insolvency filings are proposals. But why the surge from behind? Until about five years ago most consumers chose to file bankruptcies over proposals. Several things have happened to bring about the change, recidivism, surplus income, property valuation and trustee fees […]
Read moreBuy a house after bankruptcy
Sure, you can buy a house after bankruptcy. Of course you must be discharged and some conditions may apply.
Read moreSpousal Debts
Quite often people become liable for spousal debts, deliberately and ironically at the same time inadvertently. Sometimes, a spouse may help their partner re-establish credit by co-signing for them on a loan of credit card. At other times the spouses may feel that they can trust each other and should be able to manage the […]
Read moreThe “Friend-Lend”
The friend-lend, lending money to friends or relatives is never advisable – here’s why.
Read moreGovernment Debt Reduction
Many people still mistakenly believe there is no government debt reduction plan available. Contact us for more information: 519-646-2222
Read moreLiving Debt Free
Living debt free is not as easy as it sounds, getting out of debt on the hand is. Call us at 519-646-2222 for your free consultation to learn more about your debt free options.
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