EmpireOne

While banks, mortgage lenders and credit unions are in the industry of lending money, they don’t really view every applicant who applies for a debt consolidation loan as a strong candidate. Your application can be rejected, or you might get a loan offer with a high interest rate that won’t help you with your debt […]

Whether you’re at the bottom of the debt ocean or you’re just trying to stay afloat, you need to know you’re not alone and you can get relief. Research indicates that nearly half of Canadian workers are living paycheck to paycheck, and the average household debt in Canada is all the rise. According to studies, […]

Besides getting fit, getting out of debt is one of the most popular New Year’s resolutions every year. Most people would find their year fulfilling when they are able to get rid of their overwhelming debt. Hence, they look for ways to achieve this goal in the New Year. Being debt-free can be made simpler […]

Debt has an impact on more than just our financial health, it can also negatively impact our physical and mental health, which is why it’s critical to learn coping mechanisms for dealing with debt. It’s normal to feel paralyzed by fear when you’ve gone behind on your repayments and your creditors start calling. You start […]

Credit cards offer many of us a simple and easy way to make purchases online and in person. In fact, ninety-five percent of adult Canadians have at least one credit card. Ideally, you want to pay your credit card in full every month to avoid interest charges. But small purchases can add up, or you […]

Any time a borrower violates (or breaches) one or more clauses in a loan agreement, it is considered a debt default event. A loan agreement is used when a lender gives a borrower credit, and it contains the terms of the loan. These loan agreements often have a provision that expressly outlines what constitutes a […]

When attempting to collect on a charged-off debt, it’s not unusual for collectors to get in touch with the incorrect person. Similar names put you at risk of being mistakenly identified as the owner of a debt that is not yours. You might have to put up with the pressure and harassment of debt collection […]

If you take on too much debt, it could harm your credit, make it difficult for you to get a mortgage or car loan, and even put your ability to afford food and housing in jeopardy. Even though your debt feels unmanageable right now, the good news is that it is possible to get out […]

Your perception that a dollar doesn’t go as far as it formerly did is accurate. Inflation, which is the progressive erosion of the purchasing power of your money over time, is the cause. How Does Inflation Work? Price increases throughout the economy causing inflation, which reduces the value of your money purchasing power. For instance, […]

Nobody gets a car loan with the intention of defaulting on it. Things do, however, happen. Life is unpredictable. You’re racking up debt and can’t make your payments due to a health issue, layoff, or an expensive divorce. If you continue to fall behind on your car payments, you could face vehicle repossession. Vehicle repossession […]