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111 Waterloo Street, Suite 310
London, ON N6B 2M4

DON’T LET DEBT DEFINE YOU

September 5, 2017

Debt is Canadian national obsession – it is costly and damages many relationships. Debt damages finaincial relationships of all kinds – spouses fight over debt, even children argue with the parents about money and ultimately debt required to fund ther lifestyle choices. The largest single industry in Canada is undoubtedly that of finance and many […]

WAGE DECLINES, TAX INCREASES = MORE DEBT

September 5, 2017

Is there any end in sight to a grossly unbalanced economy? Since the 1970s the so called “middle class” has been in steady decline.  Incomes have been going down in real terms and taxes, since 1970, have almost doubled.  Bank profits have soared to incredible numbers and the value of a dollar drops with every […]

NO ONE LOVES YOU MORE THAN YOUR BANKER

September 5, 2017

Well, at least as long as you are solvent Last year Locke Consulting Inc. assisted a particularly well paid professional who was having debt issues.  This person had a private banker at a major Canadian bank – which means that she was paying hundreds of dollars each month to have the banker attend to her […]

CANADIAN DEBT STATISTICS

September 5, 2017

The following information is derived from Statistics Canada information as reported on CBC online news media. Canadians owe about $1.92 trillion in consumer debt. Canadians, on average, owe 1.65 times annual, gross, income in debt. There are approximately 36 million people living in Canada. Statistics Canada reports that there about 13 million households. Most Canadian […]

Many loans are secured against your home

September 5, 2017

A lot of consumers are unaware of the liens registered against their homes. O.K. fair enough you were fully aware of the mortgages registered but did you know that the gas company registers liens for overpriced furnace, air conditioner and water heater instalations? Utility companies are not alone though, sometimes they fall in line behind […]

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