EmpireOne

When you have debt that you cannot pay, creditors can find ways to recover the debt you owe.   Ignoring your debt and not responding to debt collectors does not work, as your creditors have legal ways to pursue money owed to them. Depending on the type of debt and the amount, your creditors might pursue […]

The COVID-19 pandemic has a challenging time for a lot of people. Many Canadians lost their jobs or had their work hours reduced.  If your income or wages were affected by the pandemic, you might be one of the 8.9 million people who applied for the Canadian Emergency Response Benefit (CERB). CERB was a helpful […]

It happens to the best of us – life gets busy or you just can’t make ends meet and you miss a credit card payment or two. The effects of missing even one payment can be detrimental to your personal finances and your credit score, though. Fortunately, there are ways to fix the issue, but […]

Finding a rental can seem like a competitive sport in many cities across Canada.  And if you have a less than average credit score, that is just another hurdle that can get in the way of finding a place you want to live.  Whether you have bad credit because you are or were behind on […]

Everyone with an income pays taxes, but sometimes the CRA offers assistance to those who need it, especially the disabled. If you have a chronic illness or injury that makes it hard to do daily activities, you may qualify for the Disability Tax Credit. Millions of people that qualify don’t realize they do. Here’s everything […]

As humans, we’re programmed to spend. It makes us happy until the bill arrives. Before you know it, you’re over your head in debt and don’t know how to get out. This usually leads to bad credit and serious financial issues. Fortunately, there are ways to fix bad credit and it starts with changing your […]

Save more, spend less—easier said than done. Make a proper plan to get out of spiraling debt. Debt is like a disease that plagues you and puts you in distress and agony of having to pay back the borrowed money, on time. If one fails to do so, it results in additional charges in the form of […]

Filing for bankruptcy does not have to be a scary process. In fact, the act of declaring bankruptcy is a positive step towards eliminating overwhelming debts. To help you get a clear picture of how this debt relief option will affect you, we have explained the benefits of filing bankruptcy below: 1. Harassment from creditors will […]

Traditionally, “good debt” is the sort that helps you gain wealth or income, while bad debt is money spent on goods that are consumed over time. Here’s a breakdown of what is generally considered “good” debt and “bad” debt: GOOD DEBT Mortgages help you build equity in real estate, making you wealthier over time Student […]

There is no magic formula that allows you to rebuild your credit instantly. You cannot pay to improve your credit rating. Here are some of the ways that you can start rebuilding your credit. What are the good credit practices? The only way to rebuild your credit is by following good credit practices. In order […]