519-646-2222Category: Tips for Money Management
Change Your Bank Accountant
There are many good reasons not to bank where you owe money – your banker would not agree, but the issue is one of who controls your money.
Read moreDemasiada deuda
Too Much Debt
How do you know when you have too much debt? Is there a threshold value?
Read moreOwnership of debt
It’s easy to get confused about who owns your debt, debts get sold and traded and it is even conceivable that you could own your own debt through investments.
Read moreLower Payments
Lower payments are no pancea for managging debt, lower payments usually means extending payments over a longer period of time and paying more interest and service fees.
Read moreTotal Equity Plans
Bankers don’t work for you, they work for banks. At banks “profit” is not a four letter word – bottom lines are very important and securitizing those bottom lines is an integral part of a bankers business.
Read moreHow We Help
Debt problems come in all shapes and sizes, there is no “one size fits all formula” – your debt problems are as unique as your are. We try to find the right balance for you and your family.
Read moreWho can help:
Who can help and how can they help when you are faced with difficult debt problems?
Read moreYour house is not an ATM
Your house is not an ATM but if you treat it as if it is you run the risk of losing it altogether. You can’t simply keep pulling money out and expect that it will replenish itself.
Read moreThe real cost of debt
The real cost of debt goes beyond the interest rate and monthly payments and for many people affects their performance in almost every facet of their life.
Read moreBudgets and budgeting
Budgets and budgeting are intrinsically associated with filing an insolvency proceeding. Canadians, generally, are not very good at budgeting, but poorer people are better than wealthier people.
Read moreOverdraft Protection
Too many people get comfortable with their overdraft protection and miss the point of how to use properly, and wisely.
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 moreDebt Crisis
You, or someone you know, may be in a debt crisis, or have one pending. The IMF (International Monetary Fund) is warning of another global financial collapse. A debt crisis can be international, national or simply personal, but the impact is always the same – financial hardship. The last big collapse we saw was in […]
Read moreBudget Better
Well that sounds like a plan, let’s all budget better! It’s easy enough to say but challenging to implement. Just think of all the expenses you have that are unnecessary and superfluous – coffee on the way to work, lunches, junk food, booze, cigarettes, gifts, expensive clothing, vacations, home repairs. Your list (of potential savings) […]
Read moreChristmas Bankruptcy
Of all the things people wish for a Christmas Bankruptcy seems far down the list, but there are reasons why it may be a very good time of the year to file. The first reason is obviously getting a fresh start in time for the new year. Another very good reason to file a bankruptcy […]
Read moreJob Loss
There are many different triggering events that cause people to file a bankruptcy or a proposal, but job loss is a leading factor. Job loss may mean a temporary interruption in cash flow or a permanent downturn in personal income. In rare cases job loss may be a step towards career advancement and although there […]
Read moreSaving Money
Many books have been written on how to save money and how to get rich quick, yet there are relatively few millionaires running around in attestation to the efficacy of these schemes. Generally, the notion is always the same, “pay yourself first” they say. Some authors prescribe a savings value based on percentages of income, […]
Read moreChallenging Mortgages
The stakes have changed in the world of mortgages, qualifying rules are more challenging, and an increasing number of consumers are being forced to apply for second tier and non-conventional mortgages. Non-conventional mortgages can be very risky propositions for borrowers. Shady characters can be found in every profession, some play very close to the line […]
Read morePrivate Mortgage Regulations
After being declined by an institutional lender, you might ask yourself. “are there any such things as private mortgage regulations?” – the answer is “yes, well sort of”. Private mortgages must comply with certain federal legislation such as the Interest Act and provincial statutes such as the Mortgages Act and the Mortgage Brokers, Lenders and […]
Read more