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 […]

Class Action Lawsuit Against CERB | All You Need to Know

Just early this February, a class action lawsuit was filed against the Canadian Government in regards to the Canada Emergency Response Benefit (CERB). This is about the CERB debt repayment situation that left thousands of Canadians scared that they have to pay back thousands of dollars. About 440,000 Canadians were sent “education letters” by CRA […]

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 […]

What Causes Debt for Seniors | Tips & Debt Relief Options

Relaxing for the rest of your life after years of hard work is every senior’s dream. However, that is not always the case. Nowadays, there is a significant number of seniors experiencing debt issues as they go through retirement. There are various reasons why people end up dealing with a huge debt at their senior […]

[Updated 2021] How a Debt Consolidation Program Impacts Your Mortgage or Home

Debt consolidation is a great option when dealing with huge debt to protect yourself from creditors’ legal actions and collection activities. However, is there an impact on your mortgage or home? We will find out, read on this article to learn more. Debt Consolidation Program Is a legally binding process between debtor and creditors that […]

5-Must Dos After Completing a Debt Consolidation Program

Having completed your debt consolidation program means you have successfully paid all your scheduled monthly payments. At this point, you are debt-free and should enjoy a fresh start. It is also worth noting that this will still appear in your credit report for 3 more years. This means that you should start creating good habits […]

How Important is the Debt-to-Income Ratio to Canadians?

Due to the effects of the COVID-19 Pandemic, the debt-to-income ratio in Canadian households has been on the rise since 2020. As individuals, the debt-to-income ratio is as important as your credit score as it tells you how affordable your debt repayment is. This ratio will tell you if you are comfortable in repaying your […]

Warning Signs That You Have A Debt Problem

Learning and accepting you have a debt problem is the first step towards solving your debt problems. Below are warning signs that you should check out to know if you are experiencing problems with your debts and what options are there to solve it. Some people will struggle with $6,000 worth of debt, while others […]

What Happens to My Tax Refund During a Debt Relief Program?

Tax season is just around the corner; what to do if you are planning to take on a debt consolidation program. Below we are the things you need to know if you are planning to file a debt relief program to get rid of debt but worried about your Tax Refund. Before April, Canadians will […]