Surprising News about the Emergency Funds of Canadians
If you’ve been stressed out over the fact that you don’t have an emergency fund, the good news is that you’re not alone. BMO has just released the results from their Rainy Day Survey and it shows that many Canadians don’t have a fund they can tap into when emergency strikes, and those that do…
Read moreHow much does Your Child Receive for a Tooth?
Thirty years ago, a quarter seemed like a pretty fair find for leaving a tooth under your pillow at night. But now, you’d be surprised to know just how much parents (er, we mean the tooth fairy) are leaving, just for one tooth – as much as $100 in some cases! And even the norm…
Read moreMortgage Debt Climbing Faster than Credit Cards; but is that a Bad Thing?
A recent report from Equifax showed that our household debt is increasing even though our delinquencies are on the decline. And when it comes to that debt, the report also stated that as Canadians, our mortgage debt is climbing at much faster speeds than that of our credit card debt. Now the question is, is…
Read moreDebt Loads Increases while Delinquencies see Decline
Just yesterday we talked about the most recent Equifax report which showed that our total debt loads as Canadians continue to increase. Highlighted in that report was a specific concern for senior citizens, the age group that took on more debt than any other this year when compared with last year. But is that really…
Read moreAs Our Debt Load Increases, Equifax says it’s Retirees that are Piling it On
It’s been no secret that Canadians are in trouble when it comes to their overall debt load, and our debt-to-income ratio is still hovering above the 160 per cent mark. That’s why when it was revealed last week by Equifax Canada that our debt load has increased once again, it was big news. And the…
Read moreWhy to Beware of Bankruptcy Trustees
For the past few days we’ve been looking at different ways you can deal with your debt, and all the various resources that will help you. Yesterday we also talked about how some of these resources, such as debt settlement companies, may not have your best interests at heart. But it’s not just debt settlement…
Read moreWhy to Beware of Debt Settlement
A few days ago we outlined all the possible resources that can help you deal with your debt. And while they were all good venues to explore, they all also have their own elements that you need to beware of. Today we’ll look at debt settlement companies, one of the best solution for dealing with…
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