Today is the beginning of Credit Education Week in Canada. Credit Education Week focuses on teaching personal finance and money management. The theme this year is Couples and Money. The event is put on by Credit Canada and Capital One. The kick off starts this morning in Toronto and includes some of my favorite financial…
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Category Archives: Debt
Do You Know If You Are Owed Money From A Bankruptcy?
Last week I wrote about how you can find money from an old bank account. I had hoped to hear from any readers that were able to find themselves in the Bank of Canada’s database, but there were none. I did hear from a reader that found some money owed to her, not from her…
How To Use Credit Cards Without Bankrupting Yourself
Credit cards, contrary to popular belief, are not a necessity. It is perfectly feasible to go through life without a credit card – but few are cash rich enough to do so and building credit is difficult without some kind of revolving credit in your history. Not to mention that making online purchases and accruing…
When To Consider Filing For Bankruptcy
There are many people who are feeling overwhelmed by the burden of their high credit load. This can be seen though the increase in consumer bankruptcies over the past year. If you are feeling like you’ll never be able to pay off the debt you’ve accumulated, you might be wondering if you should file for…
How To Avoid Bankruptcy With A Consumer Proposal
If you have a job but are unable to make all your minimum payments, let alone actually pay down your debts on things like payday loans, you may have wondered if bankruptcy is the only way to get out from under all your debt. There is another option you should consider before bankruptcy, filing a…
Keep Line Of Credit Or Switch To Fixed Rate Mortgage?
I received a question by email from Judy, who’s considering switching her line of credit over to a fixed rate mortgage to lock in the current low rates. I wanted to share it here for two reasons, I’d like to see what other reader’s opinions are on this and thought it might help other readers…
Consumer Bankruptcies Increased 34% Over Last Year
While there has been a lot of talk in the news about big corporations going bankrupt, the number of consumer bankruptcy filings have been alarmingly higher than last year month after month. The most recent data in for the month of May, shows 9,900 bankruptcies, a 34.4% increase over May 2008. The biggest increase amongst…
