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Archive for March 2020

Canadian Debt Skyrockets – Are You Feeling the Pinch?

Canadian Debt Skyrockets – Are You Feeling the Pinch?

Recent news reports have indicated a troubling situation for Canadian consumer debt. For the first time ever, Canadians have more than $100 billion in credit card debt, according to TransUnion Canada. Forecasts also predict that the average Canadian’s non-mortgage debt may increase by $31,531 per person by…

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Laid Off Or Out-Of-Work Due to COVID-19? Financial Options for Staying Afloat

Laid Off Or Out-Of-Work Due to COVID-19? Financial Options for Staying Afloat

These past couple weeks have been enormously difficult for many Canadians due to the outbreak of the novel coronavirus, COVID-19, and subsequent measures to “flatten the curve.” While these undertakings are aimed to keep the public safe and reduce infection risk, there’s been an unfortunate side effect…

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Consumer Proposals, Bankruptcies, and Your Vehicle

Consumer Proposals, Bankruptcies, and Your Vehicle

Thinking about filing for a consumer proposal or bankruptcy? You might have a few questions. One of the questions we hear most frequently is “what happens to my vehicle?” Whether you’re considering filing for a consumer proposal or bankruptcy, your car could be affected. Read on for…

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Rebuilding Credit is Easier Than You Think!

Rebuilding Credit is Easier Than You Think!

Rebuilding credit has a lot of misconceptions around it. One of these common myths is that it’s hard to do. The truth is that with the right strategies and steps, fixing a bad credit score is a lot easier than you might think! The trick is knowing…

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Bank of Canada Interest Rate Decreases to 1.25%

Bank of Canada Interest Rate Decreases to 1.25%

The Bank of Canada interest rate is now at 1.25% – a decrease of 0.5% from 1.75%. What does the interest rate cut mean for Canadian consumers? That’s what we’re here to discuss. Why Did the Bank of Canada Cut Interest Rates? On March 4, 2020, the…

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