If you're in a cycle of debt, you know that inflation hasn't been helping your budget. In this post, we show you how to manage your monthly budget to successfully get out of debt. We also explain other way to achieve debt relief.
If you were hoping to pay down debt through a consolidation loan but were denied, fear not. In this post, we explain the common reasons why your lender may not have approved a debt consolidation and outline your debt relief alternatives.
One option for dealing with your debt is to talk to your bank first. In this post, we outline the ways in which your bank may help you get out of debt, tips for how to approach them when asking for help, and what you can do if your bank refuses to provide debt relief.
If you're overwhelmed with debt, this post will help you decide whether you should file a bankruptcy or deal with your debts via a debt management plan by reviewing key questions, as you would in a real debt assessment with a Licensed Insolvency Trustee. Learn which debt relief option is right for you.
We know it can be stressful when you're unable to make your credit card payments. In this post, we help you understand the potential consequences if you fall behind on your credit card debt, as well as, options for eliminating debt.
Struggling to pay your mortgage or have you already fallen behind? Don't worry, you have options available, including refinancing problem debt, selling your home, or filing a consumer proposal to get rid of unsecured debt to allow for more comfortable payment of your mortgage.
About 1 in 6 people who file a bankruptcy or consumer proposal are between the ages of 18-29. This blog outlines what kinds of debt leads to severe financial distress for younger individuals, and what you can do about it.
The Emergency Loan for Canadians Abroad program has issued repayment requests to recipients to pay in full within 180 days. Here, we explore what to do if the allotted time passes and you have unpaid debts.
Doug Hoyes explains what happens with your principle balance and interest rates when you can’t afford your deferred mortgage payments. Learn about options you have to help you move forward.
Initially COVID-19 made debtors in Canada credit-proof, but what’s the debtor landscape look like now? We offer our insight, from government support to credit card debt, on what’s to come in the following months.
Lacking the financial knowledge of how to successfully solve your debt issues? Explore the most common barriers Canadians face when paying down debt and discover steps on how to better manage your balances.
The utilization of CERB payments for eligible Canadian’s counts as taxable income. We explain your options if you can't pay your CERB or CRB tax obligations.
During the pandemic, many Canadians have opted for loan deferrals, but what happens when that deferral period ends? We explain the consequences of deferral and how you can recover when payments are due.
If you want to learn more about what our expert advice was to clients at the beginning of the pandemic, follow along here. We discuss how you could prioritize and manage bill and debt payments.
Owing money to the CRA can be stressful, especially as penalties and interest begin. We’ll show you what options are available to you if you can’t afford those payments and what your next steps should be.
Debt Relief Experts
