Managing Debt Tips - Consolidated Credit Canada

Side Hustle

Is a Side Hustle Right for Me?

By Debt.ca Staff on May 25, 2022

You’re facing a pretty crappy situation. You have more month than money working your full-time day job. Credit cards helped at the beginning, but your debt has started to pile up. You can’t keep falling behind every month! So, you decide to take control and do something about it. Is a side hustle the right…

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Trash to Cash

Find Relief from Debt by Turning Trash into Cash

By Debt.ca on May 16, 2022

As the saying goes, “One person’s trash is another person’s treasure.” Are you on a mission to get out of debt? Maybe you’re already budgeting and working extra hours, but still looking for some extra cash: That extra cash might just be closer than you think. Look around your home for things just lying around…

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Negotiate a Higher Starting Salary

How to Negotiate a Higher Starting Salary

By Debt.ca on May 10, 2022

If you’ve started a new job search, you are in one of the most powerful and important negotiating positions you’ll ever be in. Starting salaries are the foundation for the rest of your earnings while working for a company. Starting too low can add up to a lot of missed potential earnings. That’s why taking…

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Home equity

Borrowing Against Equity in your Home

By Debt.ca on April 27, 2022

Home equity is at an all-time high. Over the last couple of years, real estate prices have soared, sometimes as much as 30% compared to the previous year. The high prices have filled homeowner pockets with an unexpected cash influx by way of increased home equity. The caveat is, that windfall is all locked up…

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Hume Buyers Plan

What is the Home Buyers’ Plan?

By Debt.ca on April 19, 2022

It’s no secret that housing is a hot commodity in Canada. The housing market was booming even before the pandemic took it to record levels. For many, this leap in prices has pushed pause on their plans to make the move into homeownership. The Home Buyers’ Plan (HBP) is one way the government is helping…

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fraud prevention button

Fraud Prevention Month – Protecting Your Assets and Personal Information

By Debt.ca on February 21, 2022

Many Canadians fall victim to scams and fraudulent activities. In 2021, the Canadian Anti-Fraud Centre (CAFC) recorded more than 106,000 reports of fraud from Canadian citizens, with an estimated $380 million of financial loss reported by 67,533 actual victims. Criminals who carry out frauds and scams will do everything they could to steal your money….

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credit score in retirement

Why Your Credit Score Matters in Retirement

By Debt.ca on February 14, 2022

Finally, retirement. Time to put your feet up, relax, and live off the money you’ve spent your life-saving. For many, especially those reliant on social security, this situation couldn’t be further from the truth. In an ideal world, you’d never have to worry about your credit score in your retirement years. Still, thousands of retirees…

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rrsp or tfsa

Is It Better to Invest in RRSP or TFSA?

By Debt.ca on February 8, 2022

Is it “better to invest in RRSP or TFSA?” that is the question. Even William Shakespeare had a hard time with this one. One of the most common investment questions Canadians also ask is: “Is it better to invest in an RRSP or TFSA?” The RRSP and TFSA both have benefits, but as with all…

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different insurance companies and credit scores

Why Insurance Companies Check Your Credit Score

By Debt.ca on February 7, 2022

If you’re buying a house, car, or taking out a loan, you’d naturally expect a credit score check to be a part of the process. Many people are shocked when insurance companies ask to perform a credit check when putting together insurance quotes, whether for car or home insurance. There is a reason that insurance…

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valentine's day on a budget gift

Valentine’s Day on a Budget Doesn’t Mean Being Cheap

By Jordann Brown on February 4, 2022

When you’re on a budget, the most mundane holidays and events can cause financial distress. Does your friend have a birthday coming up? You’re probably already stressing about being able to afford the dinner she invited you to. The same concept applies to holidays, including Valentine’s Day. Listen, I understand. No one wants to be…

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