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.
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 Canadian’s face when paying down debt and discover steps on how to better manage your balances.
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.
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 is incredibly overwhelming and can have a direct impact on your mental health. We chatted with clinical psychologist, Dr. Richardson, about this connection and other co-existing impacts on health.
Debt can be completely out of your hands at times, and you need to establish a plan of action to get yourself onto a better financial path. Shannon Lee Simmons talks attitude and strategy when it comes to debt.