Bankruptcy and Consumer Proposal Statistics 2021 [Ontario]

Many residents of Ontario find themselves carrying amounts of personal debt. To help them out in lessening their financial burden, they seek out a consumer proposal or personal bankruptcy instead of looking into a debt relief program. 2021 Consumer Insolvency Filings September last year has seen very low levels of consumer insolvencies, and rates have […]

Covid-19 Effects on Canadian Households Debt in 2020

2021 is almost ending, have you reflected yet on how you fared financially throughout the year? Has it been better or worse than 2020? Last year ended with insolvency filings, unemployment, and unprecedented government support programs. Millions of dollars were deferred, yet millions of dollars remain outstanding. To make sense of it all, let us […]

Ontario Debt Relief Program – Free Guide To Better Money Management

Debt is usually money borrowed by another party from another – Investopedia. However, it is manageable if you know how to become a better money manager or if you understand the benefits of Ontario debt relief program. The majority of the population will borrow money once or even more than once in their lifetime. Debt […]

Is a Home Mortgage an Unsecured Debt?

What is a Mortgage? “The term mortgage refers to a loan used to purchase or maintain a home, land, or other types of real estate. The borrower agrees to pay the lender over time, typically in a series of regular payments that are divided into principal and interest.” – Investopedia Mortgages are often obtained if you do […]

Types of Unsecured Debt in Canada

 You are at the point in life where you are aware of what debt is, and to counter this, you may have taken out loans or two to pay utility bills as well as other expenses you have incurred. The money that you have borrowed does not come free as you have to contend with […]

Four-Fold Practices for Debt Consolidation in Canada

The idea of debt consolidation in general is that it provides you the relief that you want after all the debts you may have incurred over the years. Debt Consolidation is the life-saver that you will need after drowning in a sea debt. However, though you can simply call up the nearest institution that offers […]

Debt Relief – What You Need To Know

debt relief

Being in debt can be stressful and can sometimes consume life out of you. But realistically, you are not alone. Many people also struggle to keep themselves afloat and, better yet – to be debt-free.  Canadians had seen the value of Debt Relief when the Covid-19 Pandemic started. This program gave thousands of Canadians a […]

Debt Consolidation 101: How It Works

Before you dive in and start the process of this program, it’s a good idea to learn how debt consolidation works so you understand how it will benefit you financially. The issue is that there is simply too much noise surrounding this topic. So we figured we’d cut through some of the nonsense for you […]

Scam Alert: Fake Organization Claiming to be National Debt Relief Canada

scam alert

We have been receiving reports about a fake organization/call center calling Canadians and claiming to be from National Debt Relief. They have been asking for upfront fees and even requesting for the client’s credit card information. This is a scam. Please do not give them your credit card information. National Debt Relief will never request […]

Should You or Should You Not Pay a Debt Collection Agency?

If you don’t pay your bank loan, credit card bill, or other debt, your lender can submit your file to a collection agency. The role of a collection agent is to call you and take whatever steps are required to collect the money. Collection Agencies Impact on Your Credit Report Your financial history has already […]