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 […]

Debt Relief 101 | Importance of Dealing with the Right Debt Specialist

Debt specialists are trained individuals who help Canadians interested in pursuing a debt consolidation program as their debt relief option. Debt Consolidation is the process of eliminating a portion of the debt (usually by up to 75%) and paying only a portion of what is originally owed. A successful debt consolidation program occurs when debtors […]

[Updated 2021] Pros & Cons of Canadian Debt Consolidation

Debt consolidation is now becoming more popular in Canada due to its amazing benefits. It is a method of debt settlement option that is government-approved and has been receiving great feedback from clients who have already taken advantage of this debt relief option. In this article, you will learn the pros and cons of debt […]

How To Deal With Debt Collection Agencies In Canada | Know Your Rights

In Canada, there are laws that govern how a debt collection process should be fairly performed. In this article we’ll summarize the process that you, as a debtor, can expect if you live in Canada and know your rights while dealing with a debt collection agency. Before we go through the debt collection process, you […]

Ontario Small Business Grant | Other Debt Relief Options

Due to the devastating economic impact of COVID-19 on businesses in Ontario (most especially small businesses), the Canadian Government has introduced the Ontario Small Business Grant which is now open for application. As of January 2021, the program has started to roll out in accepting applicants who need support in financially running their business. If […]

Credit Card Minimum Payments | Facts and Important Information

A lot of us have been making minimum payments-especially when COVID-19 started, hoping that next month will be better and they could pay more. However, this has been the case even before the pandemic happened. Most people have been paying only the minimum payments without a complete understanding of how it will impact their finances […]

How to Deal with Creditors and Collection Agencies in Ontario

Finding yourself stuck between not being able to pay your debts and receiving collection calls from creditors in Ontario can feel like a nightmare. You’ll start to experience sleepless nights and feel anxious all the time. This can be prevented by a few debt relief options that you can choose from, depending on your financial […]

How Debt Consolidation Can Stop Wage Garnishment in Ontario

Yes, you can stop paying your debts and continue to ignore your creditors but this will only lead them to garnish your wages to collect the money you owe. Wage garnishment happens when a court judgement is filed; legally ordering your employer to withhold a portion of your income to be sent to the organization […]

Top 5 Things You Can Do Once You Become Debt-Free

Being in debt can be the hardest life challenge a person can experience, especially if the amount is unmanageable. If you are struggling with this kind of problem, enjoying life to the fullest is going to be difficult. In this article you will learn how you can benefit from becoming debt-free. If you need help […]

What You Need to Know About Payday Loans

Payday loans are typically a small amount type of unsecured debt and are paid in a short-term (14-day) period. It became popular due to their easy approval system and easy access by people who need immediate money payable by the next payday. If you are experiencing problems with payday loans and/or any unsecured debts in […]