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Category: Insolvency News

Managing Debt

September 5, 2017

Some things you need to know about managing debt: To manage debt effectively means to use it appropriately and if you are carrying debt from one month to another you are probably not using it appropriately. Debt should be used as a short-term arrangement to facilitate some improvement in lifestyle – such as the acquisition […]

FINANCIAL LITERACY

September 5, 2017

Will the government ever get it right? One of the greatest challenges in the area of financial literacy is deciding who is telling the story.  There are many competing interests that have had an impact on the area of debt management during the past several decades. Filing a bankruptcy or a consumer proposal (both fall […]

DEBT SETTLEMENTS – HOW THEY DON’T WORK

September 5, 2017

That’s right they don’t work! We met with two entirely separate clients yesterday who had been talking with two separate debt settlement companies, and this is what happened: In the first instance the client had signed on with the debt settlement company. The client was paying the company a monthly sum if money to help […]

What would you do with an extra $850.00 each month?

September 5, 2017

That’s a question I posed to some friends and I got a mixed bag of responses Some people said “pay off debts” some said “pay down my mortgage” or “take a vacation”.  It’s certainly an enticing and interesting idea to consider having the luxury of a little extra cash in our pockets each month. So […]

THE TWELVE DEBTS OF CHRISTMAS

September 5, 2017

Hum along as you read this blog aloud…. For the first debt of Christmas my true love gave to me, 1 consolidation loan For the second debt of Christmas my true love gave to me 1 consolidation loan and 2 old utility bills, For the third debt of Christmas my true love gave to me: 1 consolidation loan, 2 old utility […]