Tips on Dealing with Rising Interest Rates
Go for debt consolidation or follow the snowball strategy to manage your debt when rates go up.
Read moreCanadians Spend More Than They Earn
Canadians are buried under a mound of debt because their amount of spending exceeds the amount that they earn.
Read moreDebt Consolidation and Reduction Increasingly Important for Canadians
With the change in Canada’s economy, debt consolidation and reduction is becoming a more important factor that needs to be brought to our attention.
Read moreRenewed Emphasis on Household Debt Levels and Debt Consolidation
The Bank of Canada’s recent rate hike announcement highlighted its concerns over household debt levels, bringing issues of debt consolidation to the economic foreground.
Read moreDebt Consolidation Under a Secured Home Equity Line of Credit
Consolidating high interest household debt under a lower interest home equity line of is a proactive solution for some homeowners with sufficient levels of home equity.
Read moreCanadians Relationship to Debt “Prudent” says CIBC’s CEO
CIBC’s CEO praises Canadians’ native prudence regarding rising debt levels, attributing Canada’s slowing housings markets to a reluctance to take on further debt.
Read moreUsing a Home Equity Line of Credit to Repair Household Balance Sheets
Consolidating high interest consumer loans and credit card balances under a lower-interest secured, home equity line of credit, is a strategy to help homeowners living from paycheque-to-paycheque reduce payments and build savings.
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