At some point in life, most individuals rely on financing or credit. Certain life goals, such as buying a house or a car, are too expensive to fulfill without help. Financing and credit comes in many shapes and sizes. For example, credit cards, lines of credit, loans, mortgages and car loans. The catch to using…
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Life is expensive, which makes finding creative ways to save money more important than ever. With expensive cities like Toronto, Victoria and Vancouver, it’s easy to fall into debt. Rent, utilities, transportation, taxes, mortgages, groceries, hobbies, nights out, and other activities add up! Luckily, there are so many ways for you to save hundreds of…
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Debt is common across Canada. Canadians have a variety of debt, including mortgage debt, credit card debt, student loan debt, and more. Canadian debt increased with the COVID-19 pandemic, with the Canadian household debt ratio increasing to 176.9%. This means that for every dollar Canadians earned in 2020, they owed approximately $1.77 to creditors. While…
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Bankruptcy is a legal process that people undergo, often as a last resort, when they cannot meet their debt obligations. The process relieves the borrower from their eligible debts and allows for a fresh start; however, while bankruptcy doesn’t bar you from borrowing again, it certainly limits the lenders and loans that you have access…
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When it comes to bankruptcy vs default, many Canadians don’t know the difference between them. Many of us carry debt and struggle to pay it fully or on time. Debt is a big responsibility, and failure to keep up with debt payments can be costly. From accrued interest payments, negatively affected credit reports and credit…
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Life is expensive – rent, mortgages, education, groceries, transportation and other expenses add up. Most of the time, you need some form of credit to get by. Sometimes, people don’t use credit responsibly for a variety of reasons. Some people might experience job loss, and rely heavily on credit for day-to-day expenses. Others might not…
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As Canada emerges from the pandemic, its various industries are spinning back up, hoping beyond hope that their businesses not only recover, but come back stronger than ever. Without our small businesses, we don’t have anything. To that end, we’ve spoken to eight businesspeople across a cross-section of Canadian financial-based businesses, from trustees to loan…
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When you own real estate, specifically your home, you have equity in your home. Home equity is essentially the amount of money you’ve already paid towards your mortgage loan. Or, the difference between your home’s value and the remaining amount of money left to pay off your mortgage. There are a few ways to realize…
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Many Canadians dread tax time. Tax season takes an emotional toll on us, as it increases strain on relationships, and instills fear of government. Understandably, Canadians sometimes stall filing their taxes, and this is especially true during pandemic times. Entrepreneurs and other self-employed individuals are prone to filing late, as they are likely to reinvest…
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Debt is universal. Most people experience some sort of debt in their lifetime. A significant number of Canadians experience outstanding debt, whether it’s in the form of student loans, mortgage loans, car leases, home loans, or lines of credit. Credit card debt is the most common outstanding debt amongst Canadians, with 29% of Canadians holding…
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Debt.ca provides information and tools to help Canadians get out of debt. Learn more about the debt relief options in Canada and find out which one is right for you.
Individual results will vary. Debt.ca does not assume or pay any debt, nor does it provide legal advice or offer credit repair services. If you require legal advice, you will need to consult with a licensed attorney. Individual results are highly dependent on successful completion of program and your ability to save money. Settlement estimates of 40 - 60% are examples of past performance and are not intended to be a guarantee of future settlement results. Results will vary based on individual circumstances. Please read and understand all contract terms prior to your enrollment. All testimonials, program descriptions and BBB Accreditation's are related to or provided by our third party affiliates. Names and pictures associated with client testimonials are not real in order to protect the privacy of all clients. Information from third parties is not verified or guaranteed by Debt.ca.
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