by Prudent Financial Services | Mar 25, 2020 | Canadian Consumer Debt, Consumer Debt, Debt Freedom, Financial Planning, Financial Problems, Getting Out of Debt, Prudent Financial
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...
by Prudent Financial Services | Mar 20, 2020 | Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Consumer Debt, Financial Problems, Interest Rates, Prudent Financial
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,...
by Prudent Financial Services | Mar 18, 2020 | Bankruptcy in Canada, Bankruptcy Loans, Buy a New Vehicle, Buying a Car, Buying a Used Car in Ontario, Car Loan Borrowing, Consumer Proposal, consumer Proposal in Ontario, Credit After Bankruptcy, Filed for Bankruptcy, Filing for Bankruptcy in Canada, Prudent Financial, Prudent Value Cars, Rebounding After a Consumer Proposal, Undischarged Bankruptcy Loan
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...
by Prudent Financial Services | Mar 11, 2020 | Bad Credit Borrowing, Credit After Bankruptcy, Credit Rebuilding, Credit Repair in Canada, How to Rebuild Credit, Loan After Bad Credit, Prudent Financial, Rebuilding Credit
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 what to do and in...
by Prudent Financial Services | Mar 4, 2020 | Bank of Canada Interest Rate, Canadian Consumer Debt, Canadian Interest Rate, Interest Rates
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 Bank of Canada...
