Debt Relief Experts
Want to Beat the Bank? Understand the Basics
Whether you are a borrower or a beginning saver, the best way to beat the bank at its own game is to learn some basics so you can make a better decision. I talk with Larry... Read more »
Ontario Bankruptcy Blog
Our knowledgeable team of Licensed Insolvency Trustees provide information and expert advice to help you on your way to becoming debt free. Our blog includes podcasts, videos, articles, case studies and Industry Insights about consumer proposals and bankruptcy in Ontario as well as personal finance, credit rebuilding and other money management tips for anyone looking to get out of, or stay out of, debt.
Managing Money Jointly | Debt Free Digest February 2019
There are many ways to jointly manage your finances. You might have a joint chequing or savings account. You can get a joint or supplementary credit card with a spouse, child or sibling or be... Read more »
Are Not-For-Profit Credit Counselling Agencies Now Just Debt Collectors?
A debt collector does just what the name suggests: they collect on unpaid debt. They won’t review all your debt relief options with you or give you a plan that makes debt repayment realistic and... Read more »
20 Warning Signs You Have a Debt Problem & What To Do Next
Some people struggle with $5,000 dollars in debt. Others can handle $50,000. It’s not the total amount of debt that you owe that signals you have debt problems, it’s your ability to repay your debt that matters;... Read more »
Think Twice Before You Get a Home Equity Line of Credit
A home equity line of credit (HELOC) is a loan secured by the equity in your house. A HELOC is often presented as a great borrowing tool because unlike with credit cards or unsecured loans,... Read more »
How to Stop a CRA Wage Garnishment
In another article about wage garnishments, we talked about who can garnishee your wages in Canada. Compared to other creditors, the Canada Revenue Agency has the most extensive powers of debt collection. One of their... Read more »
Should I Sell My Assets to Pay Off Debt?
Selling your assets to pay off debt can be tricky. Depending on the asset, there may be unforeseen costs. Cashing in your savings may not completely deal with your debt problems. You may, in fact,... Read more »
This Simple Ratio Will Tell You If You Have Too Much Debt
I meet with people every day who have built themselves a plan to pay off their debt, then failed because of one common thing they didn’t know ahead of time – their debts were too... Read more »
Will I Lose My Inheritance in a Bankruptcy?
Whether your inheritance is included in a bankruptcy depends entirely on when you become entitled to receive the proceeds. As this is a complex issue, I talk with Ted Michalos and we take a detailed look... Read more »
3 Best Budgeting Spreadsheets | Debt Free Digest January 2019
Sometimes a simple spreadsheet is better than a modern app for creating a good, workable budget. This month, we’re sharing 3 best and free budgeting spreadsheets for you to try! Each one has unique features.... Read more »
Buying and Maintaining an Affordable Car
The best way to control your auto expenses is to buy a car you can afford. This keeps your monthly car loan payments low (since you borrow less) and ensures that you don’t over-finance. But... Read more »
The Benefits of Making Small Micropayments Towards Debt
Debt accumulates over time, a little bit here, a little bit there. You don’t notice the balance growing until it’s too late. Why not take the same approach to pay off debt? Making multiple, small... Read more »
Getting Out Of Debt Requires A System, Not Just A Goal
Every financial guru says that achieving success starts with setting a goal. I disagree. While there is some benefit to setting goals, you are more likely to achieve success if, instead of focusing on goals,... Read more »
10 Key Canadian Debt Statistics for 2018
This past year may prove to be a turning point for household debt in Canada and not in a good way. As of October 2018, Canadian household debt reached a whopping $2.158 trillion. Undoubtedly, this... Read more »
Consumer Debt Crisis is Looming: Predictions for 2019
It’s been a long time coming, longer than Ted Michalos and I predicted in our past year-in-review podcasts. We predicted that 2014 and 2015 consumer insolvencies would remain flat, and they did. However, last year,... Read more »