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 […]
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 […]
How Can I Rebuild My Credit History: A Guide for Graduates
After finishing school and entering the workforce, many former students may find themselves with low or no credit rating. No matter the reason—be it student loans or credit card debt—this may impact your post-graduation life. Potential employers, landlords, lenders, insurers, and others may check your financial background when you apply for jobs, loans, or look […]
How to Manage Joint Debt Overload When Going Through a Separation
Ending a marriage is difficult no matter the circumstances, but factoring in any financial problems on top of a fizzling relationship tends to further harden the experience for both former spouses. Although simplicity may dictate that assets should be split evenly, or in accordance with any particulars laid out in a prenuptial agreement, there are […]
The difference between a credit score and credit rating
Your credit score and credit rating are both indicative of your financial situation and can significantly influence your reputation with potential lenders, as well as your ability to obtain loans, credit and other important matters. However, it is important to distinguish between the two. Equifax and TransUnion are the Canadian credit reporting agencies from which […]
Is Bank Upselling Good Practice?
Upselling essentially means that your bank may offer you a higher end product like a ‘premium savings account’ rather than one you have or request like a ’basic savings account’. If the premium account, with fees, has features you need, this may work for you, if not, fees are funds lost to you. Bank upselling […]
Do Not Be a Passive Saver: How to Save More Money
Recently, THE Business News Network (BNN) reported that Canada Savings Bonds would no longer be offered for investments. These bonds have been in operation since 1946, but they are not competitive compared to other savings options. While mortgage rates are hiking up quarterly, savings rates seem stagnant. An avid saver (or even one new to […]
First-Time Homebuyers Tips
Purchasing and owning a house has always been a key dream for most Canadians. Unfortunately, with real estate prices skyrocketing in many major Canadian cities, you, more than ever, need to carefully consider what you can realistically afford to buy. In deciding if and how much to invest in a new home, several factors may […]
