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Archive for July 2016

If I File a Bankruptcy, Will I Lose my Home?

If I File a Bankruptcy, Will I Lose my Home?

Canadian consumer debt has climbed in the past decade, and as a result, thousands of Canadians are realizing that bankruptcy is a very valuable resource with regard to paying off debt. That being said, many are still concerned when it comes to their assets and wonder ‘if…

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Good Debt vs Bad Debt

Good Debt vs Bad Debt

We all have debts each and every month. But there are debts that work towards a healthy financial future, and debts that hold you back and erode your credit rating. Let’s explore good debt vs bad debt. Bad Debt. This would be something like a credit card…

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Spotlight: How to Get Approved for a Loan with Bad Credit

Spotlight: How to Get Approved for a Loan with Bad Credit

When lenders assess risk, they do so based on a number of factors, and your credit score and past credit behaviour are very important. When your credit rating is high, your score in the 700s, the last thing on your mind when applying for a loan is…

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Is a Consumer Proposal a Debt Consolidation?

Is a Consumer Proposal a Debt Consolidation?

When you’re struggling to meet your regular monthly debt requirements, your stress levels can go through the roof and you may just hear those advertisements for debt consolidations and assume that this is your best option for debt relief. Many debt companies and even trustees in bankruptcy…

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How to Use Your Home to Finance Your Debt – Home Equity Financing

How to Use Your Home to Finance Your Debt – Home Equity Financing

When you are struggling to make the minimum payments on your credit cards or personal loans, but own your own home, you are sitting on an unused debt solution that can save you both stress and money. Using your home to finance your debt is likely the…

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