Managing Debt Tips - Consolidated Credit Canada

hand signing a title loan

How to Get Out of a Title Loan

By Debt.ca on May 24, 2021

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…

read full story > No Comments

Canadian Industry Experts

The New Normal: Expert Insights As Canada Emerges From The Pandemic

By Steve Horton on May 11, 2021

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…

read full story > No Comments

paperwork to refinance your mortgage

How To Refinance Your Mortgage

By Debt.ca on May 3, 2021

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…

read full story > No Comments

haven't filed taxes forms

What To Do If You Haven’t Filed Taxes In 10 years

By Debt.ca on April 29, 2021

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…

read full story > No Comments

Woman looking at credit report how debt can affect mortgage

How Credit Card Debt Can Affect Mortgage Applications

By Debt.ca on April 26, 2021

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…

read full story > No Comments

House agent and customer discussing for contract

Can Mortgage Be Deducted from Rental Income?

By Debt.ca on April 23, 2021

Real estate is still one of the best investments in Canada, even now in 2021. With so many forms of investment, real estate gives people the flexibility in deciding how much risk they are comfortable with. For example, someone with a low-risk tolerance might rent out a room in their primary residence, as opposed to…

read full story > No Comments

debt quotes on a post it note

Debt Quotes for Someone Who Owes You Money

By Debt.ca on April 19, 2021

Many people don’t know the basics of responsible spending. As a result, they plunge themselves into debt, which is a huge problem for many right now. Debt can cause problems not only to the borrower but also to the creditor. And, it’s not only a money issue we’re talking about here but a psychological one…

read full story > No Comments

hands of a woman with calculator, papers and laptop computer

Your Debt-to-Income Ratio Explained

By Debt.ca on April 13, 2021

Debt-to-income ratios are commonly used in the personal finance industry in Canada. The ratio assesses one’s ability to manage and repay debts. You can calculate the ratio by summing all debt payments and dividing it by monthly income. Debt-to-income ratios are usually expressed as a percentage. The lower the percentage is, the more effectively a…

read full story > No Comments

Man searching for tax tips on computer

Practical Canadian Tax Tips in 2021

By Sean on April 6, 2021

With the 2021 tax season in full swing, we thought it would be the perfect time to share some tax tips. In this article, we’ll look at ways to boost your tax refund, tips on getting your taxes filed on time and a tax credit for people with disabilities. 5 Simple Ways to Boost Your…

read full story > No Comments

Canadian dollars

Should you borrow from your life insurance to pay off debt?

By Debt.ca on March 30, 2021

Most of us have found ourselves in a financial jam at some point in our lives. If you’re looking for a loan, consider looking at your life insurance policy. You may be able to borrow money from your insurer. The great news is that the process is simple. The repayments are flexible, and it’s usually…

read full story > No Comments

Free Savings Estimate

How much do you owe?

$100,000

$5,000
$100,000
Live Chat
Welcome to our Live Chat
Agents are not available at this time. Please leave a message. Thank you.
First Name
Last Name
Phone
Email
Postal Code
Debt Amount
 
PHP Live! powered