Most Common Debts Among Canadians
It has never been easier to have access to credit, especially in a country like Canada. Even if that accessibility is linked to many benefits, it also carries a lot of disadvantages for Canadians. Did you know that the average debt held by Canadians is $23,035? And that number is even higher when you are […]
How To Calculate Your Net Worth And Why Is Important For Your Debt
Have you ever heard of the term net worth? Do you know how it can affect your debt? Or even your business? We will solve all your doubts and clarify some important points that surround your net worth. You will be able to track your financial health, illustrate your progress, and pay off your debt. […]
Make your financial goals for 2016
New Year’s is not just the time for freshness, newness and resolutions, it is also THE best time to review your financial situation and set your financial goals for 2016. Sure there are tons of articles on financial goals, but here’s a fact – everyone has a different situation – hence you’re better off making […]
8 questions you should ask yourself before paying that debt
1. Is it an official Collection Agency? Ordinary, you won’t have a thug banging down your door and asking you to pay a debt; that only happens in films. Whoever contacts you from the collection agency should be asked to show some identification and a Collection Agency License. If they don’t have one on them, you can […]
How can a creditor recover an outstanding debt?
One of the responsibilities of being a creditor or collection agency is actually recovering the money owed. A collection agency swings into action when the debt becomes overdue or on a court judgment . If you are not able to pay or even unwilling to pay off the outstanding amount, the creditor can recover the […]
I have been sued by my creditor. What are my options?
No matter how much effort you put into paying your overdue debts, there will be situations where a creditor can take you to court and have you sued. You want to avoid getting into such a sticky situation, as much as possible. However, sometimes, things take a wrong turn and it happens. A creditor usually […]
Five Tips To Help You Save for a Down Payment
Now that you are done scouting through neighbourhoods, tirelessly checking every potential house and then undertaking in-depth research of the areas, you have finally decided on a house. So, the only thing that remains is to pay for the house. Buying your own house is no cheap matter. To purchase a house, you have to […]
How Do I Know Whether Or Not To Refinance My Mortgage?
Refinancing mortgage is usually something you opt for when you want to go in for a new loan without completely paying off your old one. This is usually done by combining your old and new loans together or completely restructuring them. Questions such as your financial situation and your eligibility for the mortgage should be […]
How do I know if I have too much debt?
In the today’s age, we all live on the means on credit. Credit cards, loans and mortgages are all credit lines. And, it’s not only you that runs a credit line. All the governments of this world run on a deficit budget, where in they spend more money than they have and take many lines […]
Five Money Management Tips for Teens
It’s when your children hit their teenage years that they start demanding more money. They are slowly moving away from school, spending more on outings and may even start dating. As you give your children more money to spend around, this is the time they need to pick up on the responsibility of finance. Managing […]
