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Debt

Should I Withdraw From My RRSP to Pay Off Debt?

Home / Blog / Debt by Janet Doyle More Canadians are withdrawing from their RRSP’s to pay down their debts, but could they be saving more money? 40% of respondents polled by the Bank of Montreal (BMO) said they have made a withdrawal from their RRSP; the average withdrawal in

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Debt

Debt and Divorce – How To Handle It

Home / Blog / Debt Finances have a huge impact on relationships and our findings show that debt stress can lead to a marital breakdown. Unfortunately, divorce is often costly in itself, and causes more conflict as assets, debts, and finances need to be separated. Aside from the direct impact

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Debt

How Short Term Loans Become Long Term Debt

Home / Blog / Debt by Janet Doyle If you’re in need of extra cash quickly it can be easy to make the mistake of falling into a debt trap offered by predatory lenders. Advertisements promise an attractive solution for those with bad credit, but these loans often end up

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Debt

6 Questions About Debt Relief Answered

Home / Blog / Debt by Janet Doyle After over 20 years helping people achieve a fresh start through a consumer proposal or a bankruptcy, we’ve found that most people wish they had called us sooner, so why don’t they? The truth is that many people are embarrassed to admit

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Debt

Get out of debt with help from a Licenced Insolvency Trustee

Home / Blog / Dept, Financial Falling into debt is more common than you’d think. According to the CBC, the average Canadian owes $22,000 in non-mortgage debt. What’s more, Canadians, on average, owe $1.67 for every dollar of income. The reason for this is fairly simple: while the average Canadian

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Debt

Did you know 26 Million Canadians carry some form of debt.

Home / Blog / Debt, Financialby Marc Rouleau Transunion reported earlier this month that that 26 million Canadians have some form of debt.  That’s more than 70% of the entire population (including all children who can’t even contract debt!).  Transunion also estimates that bankruptcies would more than double if interest rates increased

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Debt

Who will listen to me if I have questions about excessive debt

Home / Blog / Debt The 2016 Summer Olympics just ended. The overwhelming theme heard during Olympic athlete interviews s is that they could not have reached this level of competition without the support of family, friends and world class coaching. The support is even more important in moments when they failed,

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