Blog
How Debt Impacts Your Quality of Life and How to Cope
Debt that is too overwhelming to manage can significantly affect your quality of life in various ways. Over time, the stress of managing debt can impact your emotional well-being, relationships, physical health, and also your job performance. It's important to remember that...
Financial Literacy – Key Skills for Preventing Debt Accumulation
Financial literacy is having the knowledge and skills to make informed decisions related to effective money management. It involves acquiring, developing and using the information and skills acquired in such a way that one becomes accustomed to handling money in a way that...
Can You Keep a Credit Card During a Consumer Proposal?
The question “Can I keep a credit card during a consumer proposal” is a common concern among individuals while going through this legal process to eliminate unmanageable debt. As you navigate the complexities of a consumer proposal, it's important to understand how credit...
Overview of the Legal Aspects of Debt Counselling in Toronto – Rights, Regulations, and Responsibilities
Debt counselling in Toronto, also known as credit counselling, is a debt relief service designed to help individuals manage their debt and other financial challenges effectively. Many people have taken on some form of debt in their life. Whether it's for buying a home...
How Popular Is Credit Counselling in Toronto
Credit counselling in Toronto is quite popular and widely utilised by many Torontonians facing financial challenges and looking for effective ways to manage and reduce debt. Debt management is a major concern for many people in Toronto. If you have debt – you’re certainly...
Bankruptcy and Homeownership in Canada – Understanding the Immediate and Long-term Impact
There are several key factors about bankruptcy and homeownership in Canada that can shed light on how financial insolvency impacts your property rights and ownership and the legal and economic considerations involved both immediately and in the long term. If you're drowning...
Debt Consolidation vs Consumer Proposal: Understanding Your Debt Relief Options
When struggling to manage multiple debts and faced with a choice between debt consolidation vs consumer proposal, which option is the best way to get out of debt? In today’s economic landscape, many Canadians find themselves facing overwhelming debt burdens. In fact...
How to Get Tax Debt Relief in Canada – Step-by-Step Guide
Taxpayers have several avenues for seeking tax debt relief in Canada, each tailored to different circumstances and financial situations. Tax debt is not insurmountable despite how it may feel. Keep in mind that the CRA does not intend to punish you or to go after you for...
Understanding Voluntary Car Surrender in Canada: What You Need to Know
Voluntary car surrender in Canada in general can be a viable option for individuals facing financial difficulties, or those looking to get rid of a vehicle they no longer need or afford. Owning a car is often perceived as a symbol of independence and convenience, providing...
Getting a Secured Credit Card to Restore Your Credit Rating
If you’ve recently filed bankruptcy or a consumer proposal, a secured credit card is a way to help you rebuild your credit rating and develop a stronger financial future. It’s not a fast track way to build credit or improve your score, but it’s a clear and simple step that...
