With Valentine’s Day approaching we thought it was a good opportunity to write about financial problems and how they affect relationships. Marriage might start out as cinnamon hearts and expressive hard candies but, when faced... Read more »
Now that the Ontario government has restricted debt advisors from charging up-front fees before completing a settlement with creditors, many debt relief companies are switching their business tactics. What they now offer is so called... Read more »
All forms of debt settlement appear on your credit report in the same way. They are listed as an R7 to show that you have entered into some form of settlement agreement for the debt.... Read more »
The holidays are known for being a time of happiness and joy. But for those struggling with depression, anxiety or loss, the holidays can be a difficult. I’m joined today by Theresa Karn, Manager of... Read more »
Richard Dunwoody has 30 years experiences providing consulting services to the financial services industry through AFO Venture Group. On today’s show Richard offers his opinion on how credit counselling agencies in Canada operate and what this means to consumers.... Read more »
Ontario has implemented new debt settlement laws to protection consumers against unscrupulous debt settlement practices. You’ve seen the ads. Debt settlement companies promise to “reduce your debts by 70%”. They say “don’t talk to a trustee... Read more »
Credit and financial counsellors can be a lifeline for those in debt. Our guest today is Chris deVries, who worked for over 13 years with a large Canadian bank. The morning after we recorded this show... Read more »
Sue Davey is a credit counsellor with the Family Counselling Centre of Brant, a full service not-for-profit agency that celebrated its 100th anniversary in 2014. As a full service agency the Family Counselling Centre of... Read more »
What is credit counselling all about? On this week’s show we talked with Heather Cudmore, a credit counsellor with Mosaic Counselling and Family Services, a program of Carizon Family and Community Services in Kitchener, Ontario.... Read more »
Referrals from previous clients are a common way for people to hear about our debt services. One such person, whom I will call Fred, confided in a friend about his debt troubles after trying for... Read more »
Few of us have ever stopped to really ask “what is debt?” We think it is natural to go through life signing up for multiple credit cards, taking on a large mortgage, a car loan,... Read more »
Mary T. (not her real name), single, 37 years old, $67,600 in debt, Toronto,Ontario To Whom it may concern: I was very impressed with the kindness your entire team showed me during a very difficult... Read more »
Mark L (not his real name), divorced, 61 years old, $40,000 in debt, Cambridge, Ontario Ted & Doug: I would like to thank you and all your staff for their kindness and help during this... Read more »
Not everyone who contacts us needs to file a bankruptcy or proposal. In many cases we direct people to a better solution based on their situation. On option we review with you is a debt... Read more »
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