With consumer debt continuing to rise in Canada, Albertans are starting to feel the pinch each time an interest rate increase it announced. It becomes harder and harder to pay down or pay off debt. Some are working to get their finances under control. Others are looking ahead to the holiday season and wondering how […]
Is Overspending Causing Your Financial Problems?
Debt has a way of overshadowing everything positive that’s happening in your life. Worrying about mounting bills while providing for yourself or your family remains in the forefront of your mind. It can even lead to depression and cause a cycle of overspending that may continue to contribute to the problem. Finding Debt Help in […]
Some Major Reasons for Debt and Financial Hardship
No one should have to face major debt alone. It can be both intimidating and humiliating for those who find themselves trying to get their finances under control after experiencing a serious setback. Debt can come in a lot of different forms and understanding these can help you to better prepare yourself for the possibility […]
I’m In Over My Head! What Debt Relief is Available?
Are you struggling to pay your bills? Are you avoiding answering the phone because of debt collectors? Being in debt can feel like you are being slowly suffocated. Living paycheck to paycheck leaves you stressed and worn out. Arguments can ensue as tensions run high. This is no way to continue living your life. There […]
Life After Filing A Consumer Proposal
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 […]
