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If you’re having trouble paying your debts, you usually have two choices – a consumer proposal or bankruptcy. A proposal has many benefits over a Bankruptcy, including the fact that you can keep your assets versus having to liquidate them to pay your creditors. Do banks even accept consumer proposals or would they rather you […]

You might be wondering what happens to your credit card when you file for a consumer proposal. Most of us rely on our credit cards daily. They can be a convenient way to make purchases in person and online from the comfort of our homes. These days, many stores don’t even accept cash!   Having a […]

A consumer proposal may have put a hold on your financial goals, but it is still possible to get a mortgage and own your dream home.   While there might be additional hurdles, or you might have to wait a little longer, you can work on a plan to go after your dream home in a […]

It has happened to millions of people. People got into debt during the pandemic and not because they overspent, but because it was the only way to make ends meet. Whether you lost your job, had a reduction in hours, or fell ill and couldn’t work, the struggle was real. Now that we’re seeing the […]

If you owe back taxes, it can feel impossible to get ahead of them. Fortunately, there are ways to work with the CRA to settle your back taxes. The CRA offers three programs to make your taxes more affordable. Here’s everything you must know about the programs to help you decide. If you can’t get […]

If you’re in over your head in debt, you may wonder what you should do. Falling behind on your payments worsens your credit score and makes it hard to get ahead. Fortunately, there are Canadian debt relief options available. Two of the most common debt relief options for Canadians are the consumer proposal and bankruptcy. […]

A consumer proposal can be a viable option to manage your debt. It is viewed as a less drastic solution than bankruptcy. The consumer proposal process is a legally binding, formal option that can help relieve your debt.  During the proposal process, you create a proposal for your creditors on how much you propose to […]

Credit cards not only offer the benefit of convenience, they can also be a useful way to manage your money and accrue rewards when used responsibly. To maximize the benefits and avoid paying more than you need to: Establish a balanced budget that gives you a clear understanding of your incoming and outgoings every month. Use a […]

The benefit of 2020 will soon be starting and what better time to take control of your finances than at the turn of a new decade. Easier said than done, right? Everybody wants to have more money in their savings account, but knowing where to start in the infinite world of finance can be daunting. […]

Debt can destroy your financial dreams. Whether you carry a small balance on your credit card each month or are staring up at a mountain of financial obligations, debt makes it impossible to get ahead. Paying off debt requires dedication, determination and persistence. Here are a few smart ways to pay off debt fast: 1. […]