EmpireOne

If you owe money to any creditors, they might use a collection agency to recoup their debt. Collection agencies will work on the creditor’s behalf to recover the money you owe and get paid. These agencies are often notorious for being aggressive in trying to collect the debt. If you leave them unpaid long enough, […]

Car payments might be a large part of your budget, but having a car can be necessary for you to get to work or run errands.  Owning a car can be expensive. You have to worry about car loan payments, gas, car insurance, tires and potential repairs.  Between your car loan payments and other expenses, […]

If you’re afraid of budgeting because it feels too restrictive or you’ve failed at it in the past, you’re not alone. Millions of people don’t budget for those exact reasons. However, budgeting is one of the only ways to stay on track financially, including paying off your outstanding debt and saving for your financial goals. […]

Not all debt is bad, but when you don’t understand the warning signs of too much outstanding debt, it can lead to trouble. Everyone has some type of debt so they can have the necessities in life, such as a house and a car, but there is plenty of debt that isn’t good and can […]

Ideally, we should all put money in both TFSAs and RRSPs. However, many of us have to choose how we save our money.  Both accounts offer tax benefits while helping you save for the future, build a financial nest egg, and reach your financial goals. While they have many similarities, the RRSP and TFSA are […]

Many of us rely on debt, short-term or long-term, to purchase things we need or want.  We often think of debt as bad. We believe we should avoid debt at all costs. However, we can’t always avoid debt. When managed well, debt can be helpful.  If we take on good debt, it can help us […]

If you don’t pay your bills, even if they’re unsecured, there are ways creditors can get their money. Just because you didn’t put collateral up for a loan doesn’t mean the creditor won’t want their money. There is a risk of you being sued for unsecured debt. While it’s not likely, the threat is there […]

Borrowing money is an unavoidable reality for many of us. We might borrow money in many forms – mortgages for our homes or making daily purchases on our credit cards for convenience.  We may even come across different offers and advertisements for loans or credit cards. While these are tempting, it is critical to evaluate […]

If you have a lot of consumer debt, you may wonder how can I get rid of my debt? It’s a common question and one that causes most people stress. They wonder if and how they’ll ever feel financially free from the strain of carrying too much debt.  Fortunately, there are many great ways to […]

If you own a home with equity and have a lot of debt, you might wonder if you should roll your debt into your mortgage. It might be possible, but is it smart?  The key is to understand the big picture and how rolling unsecured debt into a secured loan will affect you. What is […]