519-646-2222Blog Articles
Consumer Proposals – and social challenges.
Consumer proposals are legal arrangements between debtors and creditors that change how debts are repaid. Typically, a consumer proposal includes all debts and reduces both the principal amount owed and the monthly payment terms. Consumer proposals carry no interest, and the Licensed Insolvency Trustee’s (LIT’s) fees are not added to the payment terms; instead, they […]
Read moreHow Long Before I Get My Credit Back?
Cash Was King: A Farewell to Simpler Times
Cash has almost completely died with about $1.5 billion in circulation, Canadians charged close to $1 trillion on Bank Issued Credit Cards each year!
Read moreHow China Turned Its Economy Around by Embracing Capitalist Principles
Mortgages Aren’t Investments—They’re Life Strategies
Mortgages aren’t investments, at least not for you they aren’t. If you are refinancing your home, and not paying off your mortgage, you are doing it all wrong.
Read moreThe Precarious State of Canada’s Debt Economy
Canada’s debt economy is in trouble and it seems no amount of creative accounting is having a positive impact.
Read moreHow Banks Sell You Your Own Debt: The Hidden Loop Behind Mutual Funds, RRSPs, and 401(k)s
The debt loop that most people are unaware of – banks sell you your own debt, here’s how it works.
Read moreGreat New Business Opportunity: Homelessness!
Sadly, homelessness as with Drug Addictions and Mental Health is treated as a business by politicians and charitable organizations. Although massive amounts of money are allocated to each “cause” very little of it actually provides any help or support for the afflicted. Rather the money is soaked up by a bloated bureaucracy.
Read moreCanada’s Housing Illusion: Aging Homes, Overvaluation, and the Debt Burden
Canada’s housing illusion is a topic that frequently arises and is a very real challenge for all Canadians.
Read moreThe Debt Spiral: How Increasing Debt Fuels Inequality, Inflation, and Economic Instability – Economists are always wrong!
The only way the economy ever gets better is to tax the rich, stabilize interest rates and reduce taxes to break the debt cycle.
Read moreThe Debt Matrix in Canada: A System of Perpetual Financial Entrapment
Trapped in debt? Canada’s system offers relief—but not escape. Discover how insolvency resets the game without changing the rules.
Read moreWhy Selling the House and Renting Might Be the Smarter Move
Selling the house is a far better move that continuously adding more debt to the purchase price. Your $650,000 house will cost you millions and you’ll never own it! Stop mortgaging – mortgages serve one purpose to buy a house they should be abused to move debt around.
Read moreThe Short-Term Mortgage Problem
Mortgages Are Becoming Dangerous—And It’s Time We Face the Consequences
For decades, mortgages were considered the bedrock of homeownership and financial stability. But today’s mortgage system has drifted far from its original intent. Beneath the reassuring language of “equity” and “investment” lies a network of financial practices that are eroding personal security, inflating the housing market beyond reason, and setting the stage for long-term economic harm. If we don’t change course soon, the damage may be impossible to undo.
Read moreWhy Monopolistic Tariffs Don’t Help Workers and Hurt the Middle Class
Dummying down tariffs, people on both sides of the political spectrum have argued for and against tariffs. The bottom line is they are a ridiculous idea that have never proven any lasting economic benefit – except to the extremely wealthy. Tariffs are always monopolistic by nature and they are economically destructive, forcing up prices, reducing wages and increasing corporate profits.
Read moreCanadians’ Debt Obsession: A Deep Dive Into the Nation’s Financial Woes
Who Should Consumers Trust for Sound Financial Decisions Related to Credit?
Who should consumers trust for good financial advice? Licensed Insolvency Trustees are probably the most regulated players in entire consume debt industry. Trustees work to help you eliminate or reduce debt – the other players help you get further into debt. Choose wisely!
Read moreCaution: Why Now is Not the Time to Take on More Debt
Debt is not going away, it isn’t even going down, Canada’s debt crisis in widening everyday.
Read moreCredit Recycling: How Filing a Consumer Proposal or Bankruptcy Helps Consumers Rebuild Credit
Credit recycling – how an insolvency proceeding helps you get back on track
Read moreHow did I get in this mess? It’s all about the small stuff!!
How did I get in this mess? C’mon, you know the answer you just have to be honest with yourself!
Read moreThe Growing Burden: How Canada’s Consumer Debt and Excessive Taxation Are Harming the Middle Class
The growing burden of taxation and debt is eroding the social and economic fabric of Canada
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