The Culture of Debt: Canada’s Growing Credit Problem
Nearly three-quarters of Canadian families carry some form of debt. This figure is expected to increase as debt acceptance remains a cultural norm. But under the seams of this cultural norm are big issues that threaten to undermine the economy.
Read moreOntario to Introduce New Legislation for Debt Consolidation Companies
There are good ways to pay off your debt, and there are some not so good ways to pay off your debt. One great way is to borrow against your home with a debt consolidation loan, pay off your debts, and then start repaying the home equity loan, albeit with much lower interest rates that…
Read morePay off Debt while Still Saving? Not as Impossible as You Think!
It’s the age-old dilemma: when trying to set yourself up better financially for the future, do you pay off debt first, or do you try to grow your savings? While you’ll get a different answer, and different reasons for it, from just about any expert you ask, it is possible to do both. you just have…
Read moreDebt Consolidation can Help You Deal with that 4-Letter Word
Just about everyone has debt, and it’s not hard to see why. With living expenses always increasing, credit cards that have exorbitant interest charges attached to them, as well as the number of things that crop up during daily life, nearly everyone has debt in some form or another. The question is, what do you…
Read moreFive Steps to Help You Get Out of Debt
If you’re heavily in debt, there are a lot of good tools you can use and steps you can take to help yourself get out of it, such as the debt consolidation loans we talked about this morning. But if you’re looking for just a few things you can do in your daily life to…
Read moreThe Picture of Provincial Debt in Canada: Part 1
Canada’s total net debt, as of November 7, 2012, was $594,944,869,323.47 CDN. That number can seem overwhelming to just about anybody. But what about the provinces within the country? Where do they stand when it comes to the total amount of debt that they hold; and which province is Canada’s poorest? These are the things…
Read moreShould We Really Be That Concerned about Household Debt Levels?
Should we really be that concerned about the amount of debt we have piling up in this country? Of course we should. Debt in this country is a problem, and that’s why last week we dedicated an entire miniseries to it, talking about debt levels of all kinds; and home refinancing and second mortgage options…
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