For many Canadians, submitting a consumer proposal with the help of a Licensed Insolvency Trustee (LIT) is a preferable alternative to filing for personal bankruptcy. While either are important steps, if a consumer proposal is an option available to you, it is a simpler process than bankruptcy. Although a consumer proposal will ease the pressure […]
Why You Should Always Seek Professional Help with Debt Consolidations
If you’re facing debt overload and your current predicament seems overwhelming and you worry about how to overcome this situation, you are certainly not alone. There are a number of options that may apply to your financial circumstances. A debt consolidation in Edmonton, via a Consumer Proposal, is just one of the options that may […]
Co-Signing: Am I Responsible for My Spouse’s Debt?
Advice for Debt-Help® in Edmonton Are you considering co-signing for a spouse to purchase a new car or home? Co-signing is a popular way for individuals with a good credit history to assist someone without a good history. This is a frequent request among close family and friends because there needs to be a very […]
Debt Relief: An Easy Guide to Understanding your Credit Report
Despite more and more services allowing consumers to review their own credit reports, many people have still never actually checked their credit history. In addition to the benefit of knowing where you stand and how you rank, the information found in your report can also help you determine whether there are indications or warning signs […]
Understanding the Differences Between Secured and Unsecured Debt
Advice for Debt-Help® in Edmonton from Your Licensed Insolvency Trustee Do you know what kind of debt you carry? Do the terms “secured” or “unsecured” make you scratch your head? Understanding what types of debt are in your overall financial portfolio can help you make better decisions in the future. Having too much of one […]
Recent Survey Shows Canadians Facing Rising Interest Rates and Credit Card Debt
As interest rates slowly creep up across the country, it seems that Canadians are starting to feel the effects. The generation of adults from their late teens to their mid-40s is paying for more of their purchases, almost exclusively, with credit cards unlike their predecessors who paid more by cash. Apparently, because of this and […]
What happens to a leased car during bankruptcy?
Struggling with your finances is difficult enough, but deciphering what debt solutions are available to you and which of your assets, if any, are protected require professional advice. Most individuals who owe money can feel overwhelmed. Fortunately, there are Licensed Insolvency Trustees (LIT) like A.C. Waring & Associates Inc. who can offer debt help across […]
How We Became Edmonton’s Debt Solutions People
A number of years ago, after moving to Edmonton, I had blood pressure problems. No matter what medications I was given, my blood pressure remained high. My doctor referred me to a specialist. The specialist was great and sent me for some tests. The tests occurred early one morning and, surprisingly, the specialist’s office phoned […]
Wage Garnishment in Alberta: Facts & FAQ for Employees & Employers
Updated October 16, 2019 When someone isn’t able to pay their debts off in a timely manner, the person or organization who is owed money may ask the courts to garnish the debtor’s wages. Wage garnishment can have serious ramifications for individuals already struggling to make ends meet. Sometimes we take on more debt than […]
Know Your Rights: How to Handle Debt Collection Agencies
It is extremely important to know how to engage with debt collectors at first contact. While their tactics can be bothersome or sometimes intimidating, ignoring them will only provide you with a short-term, temporary solution. The most effective way to deal with a debt collection agency is to exercise your rights and figure out how […]
