Debt.ca, Author at Debt.ca

Retire early with FIRE

The FIRE Movement: Retire Early?

By Debt.ca on January 18, 2021

The Financial Independence Retire Early (FIRE) movement is a personal finance model. It originated from the 1992 best-selling book “Your Money, Your Life” by Joe Dominguez and Vicki Robin. The movement’s main premise is that you should live a frugal lifestyle for early retirement. The personal finance model or lifestyle has become popular amongst the…

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Man and woman are shaking hands in office.

Options to Consider If You Want to Pay Off Your Consumer Proposal Early

By Debt.ca on December 28, 2020

People who have high-interest debts often apply for a consumer proposal to extend the period of their debt repayment or reduce the amount of what they owe. This debt relief option is administered by a Licensed Insolvency Trustee, who helps you develop a proposal or offer to your creditors. Once the creditors agree, the terms…

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Entrepreneurs overwhelmed by finance problems

Alternatives to Declaring Business Bankruptcy

By Debt.ca on December 23, 2020

There are several options for you when you want to solve the debt problem of your business, and some people resort to filing for bankruptcy in Canada over other options. While declaring bankruptcy has its own merits, it also has its disadvantages. That’s why you should consider other debt relief solutions that can suit your…

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Canada and US flag

Paying Off Canadian Debt While Living in the USA

By Debt.ca on December 17, 2020

As a Canadian citizen thinking of relocating to the USA, it is always advisable to get your finances in order before finalizing the move. It may be tempting to avoid paying off your credit card debt or student loans. But keep in mind that you might want to move back sometime in the future. Or,…

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couple in their rental unit

Why Smart Renting Is The Key To Avoiding Debt

By Debt.ca on December 17, 2020

Smart renting, in this context, is the act of maximizing the benefits of renting a home or apartment. As many house prices continue to rise, and people have difficulty saving up for a deposit or qualifying for a mortgage. Getting on to the property ladder is becoming harder and harder. This means that many people…

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How To Choose The Right Credit Counsellor For You

By Debt.ca on December 11, 2020

Credit counselling is one of the ways to solve your debt and other financial problems. If you choose the right credit counsellor, he or she can help you identify the root of your debt problem. It also helps you learn about the different solutions to get out of your predicament. Your counsellor also helps you…

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What is a Good Credit Score? Ranges and Factors

By Debt.ca on December 2, 2020

It’s crucial to know what a good credit score is if you’re building or maintaining healthy credit. If your credit score is good, you have higher chances of getting a lender’s approval for your loan or credit card application. It also qualifies you for favourable interest rates and terms. The question is: what makes a…

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The Importance of Hiring a Tax Resolution Firm

By Debt.ca on November 30, 2020

Hiring a tax resolution firm can help you if you have tax issues. It’s indeed intimidating to receive phone calls from the Canada Revenue Agency about your taxes. The CRA has powers to levy fines or put a tax delinquent in prison for failing to pay taxes. From 2012 to 2017, there are already 408…

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secure mobile app on phone

Mobile Security Tips to Secure Data When Using Money Apps

By Debt.ca on November 26, 2020

According to 75% of mobile experts in Canada, mobile security and privacy are among the top concerns today, especially when people use mobile banking apps for money transactions. A lot of money apps can access highly sensitive personal information, such as your location, bank transactions, and banking details. If you fail to make your device…

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Boy And Elderly Grandfather Putting Coin Into Piggy Bank Talking About Value Of Money

The Benefits of Teaching Financial Literacy to the Youth

By Debt.ca on November 18, 2020

Teaching financial literacy is important. And it’s wrong to think that financial literacy should only be taught exclusively to adults. Teaching kids financial literacy is also crucial because it allows them to know the importance of money and in making the right financial decisions in the future. In light of the ever-expanding consumer debt in…

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